Avoiding the mistakes of a Prime Real Estate Company

PAGSASANAY SA TAGUMPAY

Rizal Philippines
November 28, 2018

Last Saturday, a real estate company we are very familiar with was featured in a govt TV station.  The complainants alleged that in a housing project by the former in Bulacan, they made DP of about P200,000
but:

             1. No documents were delivered (vs PD 957)
             2.  And no house were built yet

Several conciliation meetings were held by HLURB but no officials of the said company fail to appear. (The company owes MLII millions)

The lawyer from HLURB threatens administrative sanctions vs the said real estate company which includes but not limited to:  cutting of credit/take out facilities from HDMF, and discrediting the same with private
financial institutions. This is without prejudice to penalty and imprisonment.

Hindi na kailangan marahil ito  Ang maTV at madyaryo ka lang isa nang malaking kasiraan

HLURB Walang action vs ____Prime, sa Remate

                                         Broken dreams, broken promises

What could have probably led to this?   Some simple office administrative oversights gathered momentum leading to this critical situation for the real estate company:

           1.  Misfiling
           2.  Documents not done on time
           3. Non payment of suppliers/or payment on time
           4.  Simple little negligence by the  staff
                arising from being late, being absent, lack of productivity and lack of work

Are we not far behind:

          1. Delayed payment of suppliers
          2.  Resulting in non delivery of materials
          3.  Delayed permits (and people who are supervising certainly amiss)
          4.  Ugly dirty sites;
          5. Deteriorating standards of interment and maintenance
          6.  Delayed delivery of documents and or failure to resolve this in a timely manner

HOY GISING.   Padyaryo ba  tayo?  PapaTV ba tayo    

  


From Philproperties Holding 85% sold out, pero may bahay na hindi nagawa/naideliver?

Time frame to deliver titles to buyers as provided by PD 957 - only 6 months!

TO     :       RCRMA

Thru:         SAA

Date:        October 24, 2017

SUBJECT:   DEADLINE FOR THE DELIVERY OF DOCUMENTS TO THE CUSTOMERS/BUYERS OF LOTS UNDER PD 957

Objectives:

1.  To comply 100% with requirements of the law

2.  To give high level of customer service  (underpromise/over deliver)

3.  To help assist the sellers sell more;   if the documents are delayed or missing, the sellers cant make a repeat sales

Reality:

1. Our heads are bursting with heaps of undelivered missing documents;

2.  We have a full time records assistant who is frequently absent, and lacks the sense of urgency to deliver.

3.  We have history of documents being delivered after 5 years.  (as I sign the CO/DOS)

3. Our customers are frantic and some in the know may complain vs HLURB for which we can get fines as high as P20,000 per case.  Can we pay all of these from  margins as low P1.23 loss per monthly on a P36,000 price?

WTDN

This office solicits from SBU and current management and leadership on how to solve this problem of delayed or undelivered documents.

READ from PD 957:       PD 957 from Lawphil

1.  Section 25. Issuance of Title. The owner or developer shall deliver the title of the lot or unit to the buyer upon full payment of the lot or unit. No fee, except those required for the registration of the deed of sale in the Registry of Deeds, shall be collected for the issuance of such title. In the event a mortgage over the lot or unit is outstanding at the time of the issuance of the title to the buyer, the owner or developer shall redeem the mortgage or the corresponding portion thereof within six months from such issuance in order that the title over any fully paid lot or unit may be secured and delivered to the buyer in accordance herewith.

2.  Section 39. Penalties. Any person who shall violate any of the provisions of this Decree and/or any rule or regulation that may be issued pursuant to this Decree shall, upon conviction, be punished by a fine of not more than twenty thousand (P20,000.00) pesos and/or imprisonment of not more than ten years: Provided, That in the case of corporations, partnership, cooperatives, or associations, the President, Manager or Administrator or the person who has charge of the administration of the business shall be criminally responsible for any violation of this Decree and/or the rules and regulations promulgated pursuant thereto.

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