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    Heirs Bond

    Uploaded by

    Daniel Buenafe
    The document outlines the requirements for an heirs bond that will be in effect for two years. The bond amount will cover any bank deposits, real estate property, approved loans, or sale amounts left by the deceased. The obligees of the bond are the depository bank, registry of deeds, bank or mortgagee for loan purposes, or property buyer. Documentary requirements include application forms, valid IDs, extra judicial settlement, death certificate, publication details, TCT copy, and loan or sale agreements depending on the bond purpose.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Heirs Bond

    Uploaded by

    Daniel Buenafe
    200 views1 page
    The document outlines the requirements for an heirs bond that will be in effect for two years. The bond amount will cover any bank deposits, real estate property, approved loans, or sale amounts left by the deceased. The obligees of the bond are the depository bank, registry of deeds, bank or mortgagee for loan purposes, or property buyer. Documentary requirements include application forms, valid IDs, extra judicial settlement, death certificate, publication details, TCT copy, and loan or sale agreements depending on the bond purpose.

    Original Title

    HEIRS BOND

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    The document outlines the requirements for an heirs bond that will be in effect for two years. The bond amount will cover any bank deposits, real estate property, approved loans, or sale amounts left by the deceased. The obligees of the bond are the depository bank, registry of deeds, bank or mortgagee for loan purposes, or property buyer. Documentary requirements include application forms, valid IDs, extra judicial settlement, death certificate, publication details, TCT copy, and loan or sale agreements depending on the bond purpose.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    200 views1 page

    Heirs Bond

    Uploaded by

    Daniel Buenafe
    The document outlines the requirements for an heirs bond that will be in effect for two years. The bond amount will cover any bank deposits, real estate property, approved loans, or sale amounts left by the deceased. The obligees of the bond are the depository bank, registry of deeds, bank or mortgagee for loan purposes, or property buyer. Documentary requirements include application forms, valid IDs, extra judicial settlement, death certificate, publication details, TCT copy, and loan or sale agreements depending on the bond purpose.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    Type of Bond : HEIRS BOND

    Period of Bond : Two (2) Years

    Amount of Bond : Amount of bank deposit left by the


    deceased
    Amount of the real estate property left by
    the deceased
    Amount of the approved loan (for loan
    application/REM purpose)
    Amount of Sale (subject TCT is subject to Sec4
    Rule 74)

    Obligee of the Bond : Depository Bank


    Registry of Deeds
    Bank/Mortgagee (REM)
    Buyer

    Documentary Requirements : A) INDIVIDUAL APPLICANT


    -Duly accomplished application form (each heir
    must fill-up an app. form)
    -Valid ID of the applicant/heirs
    -Extra Judicial Settlement
    -Death Certificate
    -Copy of Publication
    -Affidavit of Publisher
    - Copy of the TCT
    - Loan Agreement (if the purpose of heirs bond is
    for loan application/REM)
    - Deed of sale (if property is on Sale)

    B) CORPORATION/PARTNERSHIP
    - Duly accomplished application form
    - SEC Registration
    - Latest Audited Financial Statement
    - Extra-Judicial Settlement
    - Death Certificate
    - Copy of Publication
    - Affidavit of Publisher
    - Copy of the TCT
    - Loan Agreement (if purpose of heirs bond is for
    loan application/REM)
    - Deed of Sale (if applicable)

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