Thursday, September 29, 2016

Notarial Cancellation of the Contract to Sell




January 18, 2015


MAGANDA B AKOH
No. 123 May Bukas Pa Road,
Barangay Bagong Buhay,
City of Mandaluyong


NOTARIAL CANCELLATION OF CONTRACT TO SELL

Dear Ms. Akoh:

This refers to the house and lot that you purchased from Carmela Homes, Inc per Contract to Sell dated 21 June 2012 located No. 123 May Bukas Pa Road, Barangay Bagong Buhay, City of Mandaluyong, and covered by Transfer Certificate of Title No. 05-1234567 of the Registry of Deeds of Mandaluyong City.

As of December 31, 2014, your outstanding obligation amounted to ONE MILLION FIVE HUNDRED FIVE  THOUSAND PESOS (1,505,000.00).  Despite written demands and the lapsed of the grace period provided by law, your past due obligation with Carmela Homes, Inc. remains unpaid.

In view thereof, please be informed that your rights under the aforesaid Contract To Sell is hereby cancelled effective Thirty (30) days from receipt of this notice.

Very truly yours,


ATTY. DIWATA NG BAHAGHARI
Head, Legal Department


JURAT
SUBSCRIBED AND SWORN to, before me, in City of Mandaluyong, this 20th day of January 2005, after the affiant exhibited to me her TIN No. 118-618-1228 issued on 25 January 1992, at Mandaluyong  City.


                                                                             NOTARY PUBLIC
Doc. No.  _____;
Page No. _____;
Book No.  _____;
Series of 2015.


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ACKNOWLEDGMENT


Received by:    _______________________________________

Date          :         _______________________________________



1 comment:

  1. Hi. Jurat in an NOC is no longer a sufficient notarial act. If an NOC is notarized with a Jurat, the notarized NOC requirement under maceda is not satisfied. Consequently, the Contract to sell is not considered cancelled. Thus buyer has right to treat the contract as valid and subsisting.

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