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Checklist of Requirements for Individualization

SHFC checklist for individualization requirements

Your Browser Doesn't Support Canvas. Showing the Text Content of the PDF Instead: SOCIAL HOUSING FINANCE CORPORATION

a subsidiary of National Home Mortgage Finance Corporation
COMMUNITY MORTGAGE PROGRAM OPERATIONS GROUP

PROJECT INDIVIDUALIZATION DEPARTMENT

CHECKLIST OF DOCUMENTARY REQUIREMENTS
FOR INDIVIDUALIZATION OF TITLE AND LOAN
STAGE 1 - SUBDIVISION OF MOTHER TITLE (INDIVIDUALIZATION OF TITLE)

 1. Letter-request for the temporary withdrawal of the mother title for the purpose of
subdivision

 2. Blueprint of approved subdivision plan

 3. Photocopy of approved individual technical descriptions
 4. Proof of payment of real property tax (updated tax clearance / real property
tax receipt)

 5. Borrower’s Information Sheet (BIS)
 6. Certification issued by the Housing and Land Use Regulatory Board
(HLURB) / Securities and Exchange Commission (SEC)
on the present set of officers/board of directors

 7. Notarized conformity of the member-beneficiaries on changes on block
and lot assignments (if applicable)

STAGE 2 - UNITIZATION OF COMMUNAL LOAN & TRANSFER OF TITLE INTO
MEMBER-BENEFICIARY’S NAME (INDIVIDUALIZATION OF LOAN)

 NOTE:

ONLY THOSE MEMBER-BENEFICIARIES WITH UPDATED
ACCOUNTS ARE QUALIFIED TO UNDERGO THIS STAGE

 1. Certification issued by the Housing and Land Use Regulatory Board
(HLURB) / Securities and Exchange Commission (SEC)
on the present set of officers/board of directors

 2. Deed of Conveyance (either one of the following):
 2.1 Deed of Assignment with Assumption of Mortgage (DAAM)
 2.2. Deed of Partition with Assumption of Mortgage (DOPAM)
 2.3. Deed of Sale with Assumption of Mortgage (DOSAM)
 NOTE:

PLEASE INQUIRE WITH THE LOCAL REGISTER OF
DEEDS ON THE APPLICABLE DEED OF
CONVEYANCE

 3. Promissory Note (PN) executed by the member-beneficiary in favor of SHFC
 4. Proof of payment of realty tax (updated tax clearance/realty tax receipt)
 5. Summary of payments prepared by the community association treasurer
and attested to by the president

 6. Photocopy of title

Contact / Trunk Line No.: 750-6338 to 50 Local 541 / 542
C O N T A C T

MR. PERRY D. ALAMBRO
MR. WILL O. PERAN
MR. CYRUS E. ESPEDIDO

P E R S O N S:

MS. DELIA V. SILVIA

MS. JULITA R. PARREÑO

CHIEF OF DIVISION

MANAGER

MEZZANINE FLOOR BANCO DE ORO PLAZA 8737 PASEO DE ROXAS, SALCEDO VILLAGE, MAKATI CITY
 
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