Our Philippine houses for sale activities are mainly focused on selling subdivision developments (house & Lot Package and Lot Only Package) condominium projects, beach lot and beach shares, proprietary shares, townhouses, sports club shares, memorial parks, commercial and industrial parks. We also maintain our Philippine houses for sale Department to maintain and serve rental and lease requirements from clients. However, for those who want to search home properties not under a specific subdivision developments which mostly we call brokerage, one can search all those properties in the featured property section. Escheat The reversion of property to the state when an owner dies leaving go legal heirs, devisees or claimants. These Philippine houses for sale properties are specifically located in Cebu. You can also do a search of property for sale in other specific cities and municipalities anywhere in the Philippines!! Yes from Apari to Jolo. Search our database for the Properties in the Philippines which are located all over the country and also Philippine houses for sale for your dream home. Easement A right to use all or part of the land owned by another for a specific purpose. An easement may, for example, entitle its holder to install and maintain sewer or utility lines. Eminent Domain the right of a government to take privately owned property for public purposes under condemnation proceedings subject to payment of its fair market value. Encroachment, Philippine houses for sale and Any building, improvement or structure located on one property (such as a wall, fence or driveway) that intrudes upon the property of another. Encumbrance Any interest, right, lien or liability attached to a parcel of land (such as unpaid taxes or an unsatisfied mortgage) that constitutes or represents a burden or charge upon the property. Equity The market value of real property, less the amount on existing liens. Escrow A method of closing a real estate transaction in which all required documents and funds are placed with a third party for processing and disbursement. Examination The study of instruments and muniments incident to a chain of the title to determine their effects and condition in order to reach a conclusion as to the status of the title. Exception A provision in a title insurance binder or policy that excludes liability for a specific title defect or an outstanding Philippine houses for sale lien or encumbrance. Execute To sign a legal instrument. A deed is to be executed when it is signed, sealed, witnessed and delivered. Fannie Mae (FNMA) Federal National Mortgage Association. A private corporation dealing in the purchase of first mortgages. Fee Simple Deed The absolute ownership of a parcel of land. The highest degree of ownership that a person can have in real estate, which gives the owner unqualified ownership and full power of disposition. FHA (Federal Housing Administration) A federal agency that insures first mortgages, enabling lenders to lend a very high percentage of the sale price. Fixed Rate Mortgage A mortgage having a rate of interest that remains the same for the life of the mortgage. Fixtures Personal property that is attached to real property, Philippine houses for sale and is legally treated as real property while is so attached. Examples: medicine cabinets, window blinds and chandeliers. Foreclosure A legal proceeding in which real estate secured by a mortgage or deed of trust is sold to satisfy the underlying debt. Forgery The fraudulent signing of another's name to instrument such as a deed, mortgage or check. Freddie Mac (FHLMC) Federal Home Loan Mortgage Corporation. A federal agency that purchases both conventional and federally insured first mortgages from members of the Federal Reserve System and the Federal Home Loan Bank System. Ginnie Mae (GNMA) Government National Mortgage Association. A federal association working with FHA that offers special assistance in obtaining mortgages and purchases Philippine houses for sale in the secondary market.

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