Opinions and Legal Insights

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


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          :         _______________________________________