{"id":78898,"date":"2021-06-01T10:29:33","date_gmt":"2021-06-01T02:29:33","guid":{"rendered":"https:\/\/mycitihomes.com.ph\/?post_type=guide&p=78898"},"modified":"2023-05-30T16:28:30","modified_gmt":"2023-05-30T08:28:30","slug":"change-of-name-or-transfer-of-ownership","status":"publish","type":"guide","link":"https:\/\/www.cbdi.com.ph\/staging\/guide\/change-of-name-or-transfer-of-ownership\/","title":{"rendered":"Change of name or transfer of ownership"},"content":{"rendered":"\r\n
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The following are the requirements and procedures to process your request for Change of Name or Transfer of Ownership<\/p>

    1. Original Request Letter <\/li>
    2. Executed Transfer of Rights Contract between signed by the original Principal Buyer and co-Buyers with conformity of the New Buyer<\/li>
    3. Signed new Reservation Agreement of the New Buyer<\/li>
    4. Photocopy of one (1) valid Government-Issued ID of the New Buyer<\/li>
    5. Proof of Billing of the New Buyer (must be the latest billing statement and should be the same with the billing address in the new Reservation Agreement)<\/li>
    6. Updated Statement of Account (SOA) <\/li>
    7. Administration Fee of PhP 5,000.00 + Php. 10,000.00 shall be collected upon approval<\/li>
    8. Clearance from Property Management Office (PMO) if original buyer has already occupied the unit<\/li>
    9. Proof of TIN of New Owner \/ Notarized Waiver of Rights<\/li><\/ol><\/li><\/ol>

      Fully Paid Accounts or Accounts with Penalties \/ Unpaid Payments will not be allowed Change of Name or Transfer of Ownership. Only the Principal Buyer can request for Change of Name or Transfer of Ownership.<\/p>

      The new buyer shall be interviewed, shall be subject to Net Disposable Income (NDI) investigation, must submit completely filled-up and signed REPAF together with documents in accordance with the \u201cBuyers\u2019 Undertaking to Submit Documents\u201d checklist as if the account is a new sale. <\/p>

      Once all requirements have been submitted to the Accounts Management Group, will assess the documents for processing of the Notice of Approval (NOA) for Pag-IBIG financing and Letter of Guarantee (LOG) for bank financing. <\/p>

        1. A new CTS shall be executed with the new buyer for the outstanding principal<\/li>
        2. No interview is needed for the new buyer if the account is fully paid<\/li>
        3. Once approved, the account\u2019s ledger, paid interest and principal shall all be transferred under the name of the new buyer.<\/li><\/ol><\/li><\/ol> \r\n <\/div>\r\n <\/div>\r\n","protected":false},"menu_order":0,"template":"template-fullwidth.php","categories":[42],"class_list":["post-78898","guide","type-guide","status-publish","hentry","category-buyers-guide"],"yoast_head":"\nChange of name or transfer of ownership - CBDI<\/title>\n<meta name=\"description\" content=\"The following are the requirements and procedures to process your request for Change of Name or Transfer of Ownership\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Change of name or transfer of ownership - CBDI\" \/>\n<meta property=\"og:description\" content=\"The following are the requirements and procedures to process your request for Change of Name or Transfer of Ownership\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cbdi.com.ph\/staging\/guide\/change-of-name-or-transfer-of-ownership\/\" \/>\n<meta property=\"og:site_name\" content=\"CBDI\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CBDIOfficial\/\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-30T08:28:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mycitihomes.com.ph\/wp-content\/uploads\/2022\/08\/a2.jpg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@mycitihomes\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.cbdi.com.ph\/staging\/guide\/change-of-name-or-transfer-of-ownership\/\",\"url\":\"https:\/\/www.cbdi.com.ph\/staging\/guide\/change-of-name-or-transfer-of-ownership\/\",\"name\":\"Change of name or transfer of ownership - 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