Senator Maceda and the "Maceda Law"
It is now being reported that "Ex-Sen. Maceda clinically dead a week after stroke" in the Manila Bulletin though a gall bladder operation is also reported. Earlier the death of the senator due to newspaper reports was reported but those reports from the papers were in error. He gave the nation the significant Maceda Law regarding property which some developers are not respecting or implementing properly when approached by buyers.
http://philpropertyexpert.com/defaulting-payments-know-your-rights-under-republic-act-6552/
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The Maceda Law (RA 6552) – Read the full text and know your rights…
http://www.foreclosurephilippines.com/maceda-law-full-text-ra-6552/
http://www.foreclosurephilippines.com/maceda-law-full-text-ra-6552/
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PLEASE SPREAD THIS POST TO OTHERS.
This law helps those wanting to get rid of their condominium unit. I was just told that a new condominium building nearby now has many units up for sale after its recent turnover. I wondered what the reasons were and was told by a broker that many living abroad want to get rid of their units since they do no see the Philippines getting any better and they see the investment declining. Yes, and now they cannot all sell their units for the purchase price.
So best for many to look into the Maceda Law as compared to reselling to see which option is best. Above are a couple of websites, so please search for more information.
So best for many to look into the Maceda Law as compared to reselling to see which option is best. Above are a couple of websites, so please search for more information.
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