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Checklist of Requirements of Substitution (due to waiver of rights)

SHFC checklist for substitution requirements due to waiver of rights

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 SUBSTITUTION DUE TO

WAIVER OF RIGHTS
COMMUNITY ASSOCIATION
ORIGINATOR
LOCATION OF PROPERTY
TAKE-OUT DATE

TOTAL
MB

NAME OF ORIG. MEMBERBENEFICIARY
NAME OF SUBSTITUTE-BENEFICIARY
CONTACT PERSON

LOT AREA
BLK/LOT
#
BIRTHDAT
E
TEL. NO.

1. Notarized original copy of board resolution of Community Association (CA) attesting to the:
1.1 Approval by CA of the substitution of outgoing member and acceptance of
substitute. The lot and block assignment of outgoing member should
also be indicated

1.2 Authenticity of the signature of outgoing member and his/her spouse in the
affidavit of waiver of rights

1.3 The CA assumes responsibility to whatever problems that may arise from such
waiver submitted to SHFC

2. Notarized Amendment to the Masterlist of Member-Beneficiaries of the CA signed by the
CA president or authorized representative.

3. Lease Purchase Agreement (LPA) of the substitute:
3.1 If married, with marital consent
3.2 If separated, submit Affidavit of Separation
4. Notarized original copy of Waiver of outgoing member-beneficiary over interest and rights
on the awarded lot:

4.1 If married, with marital consent
4.2 If separated, submit Affidavit of Separation

5. Full payment of arrears / updated account of substituted member-beneficiary:
5.1 Notarized certification from CA president or authorized representative stating that
the account of the outgoing member is updated

5.2Photocopies of abstract/s of collection and remittance report/s with Community
Mortgage Receipt/s (CMRs) as proofs that the account is updated

6. Proof of payment of substitution processing fee of P500.00/member-beneficiary:
6.1 Official Receipt (for regional accounts, authenticated by SHFC
Head/Regional/Satellite Office); or

6.2 Money Order payable to SHFC

7. Submission of Housing and Land Use Regulatory Board (HLURB) Certification on the
present set of CA officers/trustees
For inquiries on member-beneficiary substitution, please contact
Misses Sylvia N. Mendoza, Charina Y. Benitez, Julia C. Frades or Mr. Gerald R. Arawag
at telephone numbers 750-6338 to 50 local 542
MEZZANINE FLOOR BANCO DE ORO PLAZA 8737 PASEO DE ROXAS, SALCEDO VILLAGE, MAKATI CITY
 
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