Cebu Real Estate Information

Comprehensive information for empowerment of property buyers, sellers, and salespersons


Cebu Properties


 CEBU CITY HOUSE AND LOT 

Acacia Drive

Jasmine 4BR

Kentwood Banawa H&L

Lily 4BR

Rose 3BR Duplex

Courtyards of Pasadena

Michael Jame

Murano 4BR Riverdale

Sapphire 3BR Riverdale

Emerald 4BR Riverdale

Riverdale Subdivision

Ruby 4.5BR Riverdale

Gavina 5BR Riverdale

Fatima 5BR Riverfront

Elaisa  5BR Riverfront

Drina   4BR Riverfront

Carmela 3BR Riverfront

Marga  2BR Riverfront

Cebu City Lot 180 sqm 4sale

North Belleza Talamban


  

CEBU NORTH HOUSE & LOT

88 Hillside Mandaue City

Aduna Beach Villas

Amoa Subdivision

Anami Homes Jugan

Aspen Heights  (Lot only)

Aspen Heights Fiona H&L rfo

Aspen Heights Aurora H&L rfo

Casa Cerro Compostela

Casili Residences

El Montegrande 200 sqm Lot

El Monteverde de Cebu

Elizabeth View Homes

Florence Canduman

Garden Bloom Villas

Grania 2BR Bungalow

Lunah 2-storey 4BR

Mandaue Lot 7,825 sqm

Monte Verde House

Northfield Residences

Redwood Subdivision

Richwood Homes

The Heritage (Lot only)

Villa Azalea

Villa Melissa Liloan

Virtacci Hills

Yanessa Country Homes  

 

 


MACTAN HOUSE & LOT

Acasys Homes

Alegria Palms 1

Alegria Palms 2

Anami Homes Mactan

Astele

Bali Residences

Beverly Place

Blessed Sacrament

City Homes Mactan

CKL Homes

Collinwood Subdivision

Goldmine Residences

Happy Homes Soong

Island Homes

La Aldea del Mar

Modena Subd Lapu-lapu

Navona Subdivision

Pacific Grande 2

Park Place Twin Homes

Solare

Summerville Cordova

Sunberry Homes

Teakwood Subdivision


CEBU SOUTH HOUSE & LOT
  

88 Brookside Talisay SRP

Azienda Firenze house

Azienda Genova 

4BR H&L overlooking sea

Baywalk Talisay

Beachfront house Talisay

Carmen Village Talisay

Fairview Village Talisay

City Homes Minglanilla

Malibu Residence

San Fernando 2.5 hec

South Covina

The Heights

The Villagio

Velmiro Heights

Villa Donna Talisay

Villa Purita Minglanilla

Vista Grande Overlooking

Woodway Townhomes

 

 

 

 

 CONDOMINIUMS

Amisa Condo

Apple One Banawa

Arterra Residences 

Atelier Residences

Avalon Condo Ayala

Avida Towers

Azalea Place

Bamboo Bay

Bayanihan Flats

Bloq Residences Talamban

Bloq Residences Sikatuna

Bloq Residences Mandaue

Eagles Nest

Grand Residences

La Mirada

Midori Residences

Myvan Cityscape

Myvan Cityscape 2

Myvan Grand Tower

One Oasiis

Pacific Grande condo

Penthouse Woodcrest

Saekyung Village One

Like Rent to own Condo

The Persimmon

The Trillium Residences

Vertu Residences

Woodcrest 2BR condo rfo

 

 

RAW LAND FOR SALE

 

Casili Mandaue 7,825 sqm

SanFernando 2.5 hec. cheap


 

HOUSES & APARTMENT

2BR apartment for rent in Mandaue

4BR aparment for rent Mabolo 

Studio condo for rent in Mandaue 6K

Studio condo for rent in Mandaue 8K

1BR condo for rent in Mandaue 10K

1BR condo for rent in Mandaue 15K 

2BR condo rent in Mandaue 20K

Studio condo rent Subangdako 10K

1BR condo rent Subangdako 12K

IT Park Lahug 1BR condo

Metropolis 4BR house for rent 40K

 

 

 

 

 



What if the buyer becomes delinquent in his installments, can the seller forefeit everything?

What if the buyer becomes delinquent in his installments, can the seller forfeit everything?

The answer is NO.  The seller or developer cannot forfeit everything if the buyer has been paying for at least 2 years.

A seller or developer may have the buyer sign into a contract of forfeiture of payments in case the buyer may fail to pay over a specified period which is usually 3 months consecutive monthly installments. Even though the buyer have signed such contract stipulating agreement to forfeiture upon certain period of delinquency, it may not be legal or binding if there exists a higher law that contradicts the contract or agreement between parties. The higher law shall always prevail over agreement or contract between parties which will render the agreement unenforceable.This higher law is ....

MACEDA LAW (R.A. 6552) When the buyer is delinquent in his payment
Objective: To protect installment buyers of real estate against onerous and oppressive conditions.
Applicability – Applies to sale or financing of residential estate on installment payment covered by contract to sell and not sale with mortgage, but excluding industrial lots, commercial building, and sales to tenants under R.A. 3844.
Rights of buyer who has paid two years or more of installments:

a) To pay, without additional interest, any installment due within the grace period which is equivalent to one month for every year of installment, provided that such right can only be availed of once every five years.

b) To receive a thirty-day notarial notice of cancellation before his contract can be cancelled for delinquency.

c) To receive the cash surrender value of his total payments before his contract can be cancelled due to delinquency. The refund is equivalent to fifty percent (50%) of total payments and, after the fifth year, an additional five percent (5%) per year of installment payment, but not to exceed ninety percent of total payments.

d) To transfer or assign his right to the contract e) To register or annotate his contract on the title f) To pay, without additional interest, the full principal balance of the price before the term of the contract.

Rights of buyer who has paid less than two years of installment – The buyer has practically the same rights as a buyer who has paid two years or more of instalmments, except for the following differences:
a) The grace period to pay without additional interest on any installment due is fixed at sixty days
b) For cancellation of contract due to delinquency, the buyer is only entitled to receive a thirty-day notarial notice of cancellation but without right to receive the cash surrender value of his payments.

 


Engr. and Real Estate Broker Manuel Jr Arengo 

Licensed Real Estate Broker No. 0007808

Mobile No. +63922-255-6555

Email: cebubesthomes@gmail.com

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