Clamor To Accept Original Certificate of Title in Pag-ibig Housing Loan Application
- HDMF - Pag-ibig Housing Loan Agency
The petitioner is an OFW and owns a small residential lot (121 sq. m.) in the town of Panglao, province of Bohol. Because of this land that I inherited from my father, I am applying for a PAG-IBIG Housing Loan in order to construct a modest house for me and my family in preparation of our permanent domicile in the Philippines.
I have completed all the requirements for housing loan application and submitted to HDMF Agency the following documents:
1. Original Certificate of Title (OCT)
2. Tax Declaration of Real Property
3. Approved Building Permit
However, to my dismay and surprise I was informed that since the year 2009, as per the policy of the PAG-IBIG, all applications for Housing Loan with the Original Certificate of Title (OCT) is NOT accepted.
We, the undersigned Original Certificate of Title (OCT) owners, call on the Housing Agency (HDMF) to give due reconsideration on our plight and to accept Original Certificate of Title for the approval of our Housing Loan Application.
Moreover, we are very much willing to submit additional and supporting documents as per required by the Agency so that we can finally realize our hope and dream to acquire a House of our own.
The Clamor To Accept Original Certificate of Title in Pag-ibig Housing Loan Application petition to HDMF - Pag-ibig Housing Loan Agency was written by Matt Dominic and is in the category Law Reform at GoPetition.