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The land Data of the Clerk and Recorder decide the possession of real property. Don't forget to factor in the price of buying bills corresponding to stamp responsibility, legal fees , elimination bills and any works that you may want to do.
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If the property is industrial the bank will appoint a receiver on foot of their mortgage and his obligation will be to obtain any rents due and pay them towards the mortgage and to handle the property with a view to an ultimate sale.
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An expat buying a Dh1.5 million property will need Dh375,000 for down fee, Dh60,000 in registration fees and Dh30,000 in agent fees, in accordance with King.
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Foreign ownership of Philippines property requires cost of taxes.
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