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    Consolidation of Pacto de Retro

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    Cris Anonuevo
    Jose A. Reyes files an affidavit of consolidation of ownership for a parcel of land. In 2017, Jess D. Lu sold the land to Jose under a pacto de retro agreement, allowing Jess to repurchase the land within two years. Jess failed to repurchase the land within the two-year period. As a result, ownership of the land was consolidated in Jose's name, as confirmed by a court order. Jose affirms these details in the sworn affidavit.

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    Consolidation of Pacto de Retro

    Uploaded by

    Cris Anonuevo
    112 views2 pages
    Jose A. Reyes files an affidavit of consolidation of ownership for a parcel of land. In 2017, Jess D. Lu sold the land to Jose under a pacto de retro agreement, allowing Jess to repurchase the land within two years. Jess failed to repurchase the land within the two-year period. As a result, ownership of the land was consolidated in Jose's name, as confirmed by a court order. Jose affirms these details in the sworn affidavit.

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    Consolidation of Pacto de Retro

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    Jose A. Reyes files an affidavit of consolidation of ownership for a parcel of land. In 2017, Jess D. Lu sold the land to Jose under a pacto de retro agreement, allowing Jess to repurchase the land within two years. Jess failed to repurchase the land within the two-year period. As a result, ownership of the land was consolidated in Jose's name, as confirmed by a court order. Jose affirms these details in the sworn affidavit.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    112 views2 pages

    Consolidation of Pacto de Retro

    Uploaded by

    Cris Anonuevo
    Jose A. Reyes files an affidavit of consolidation of ownership for a parcel of land. In 2017, Jess D. Lu sold the land to Jose under a pacto de retro agreement, allowing Jess to repurchase the land within two years. Jess failed to repurchase the land within the two-year period. As a result, ownership of the land was consolidated in Jose's name, as confirmed by a court order. Jose affirms these details in the sworn affidavit.

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    © All Rights Reserved
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    of 2

    REPUBLIC OF THE PHILIPPINES)

    CITY OF BACOOR ) S.S.

    x-------------------------------------x

    AFFIDAVIT OF CONSOLIDATION OF OWNERSHIP

    I, JOSE A. REYES of legal age, Filipino, single and a resident of #23


    Mariano St. Meadows Village Molino Bacoor Cavite, after having been duly
    sworn to in accordance with law, depose and state:

    1. That on January 1, 2017, Mr. Jess D. Lu, of legal age, Filipino, single, residing
    at 2 Evangelista St. Moonwalk Village Bacoor Cavite, sold to me a certain
    parcel of land under pacto de retro, executed before Notarial Public Atty. Anna
    E. Enriquez and bearing Not. Reg. No. 1, Page 28, Book III, Series of 2017 of
    his Notarial Register (copy of the said pacto de retro sale is hereto attached
    as ANNEX “A”);

    2. That pursuant to the deed of sale with pacto de retro, the said vendor, Mr.
    Jess. D. LLUu, should have exercised his right to repurchase the said property
    within the period of two (2) years;

    3. That the period expired on May 22, 2017 without the said vendor, by himself
    or by any other person in his behalf complying with the condition and
    stipulation required for the repurchase of the said property;

    4. That the said period of repurchase has not been extended, either expressly or
    impliedly, by affiant vendee a retro;

    5. That by virtue of the said deed of sale with pacto de retro, and by the failure
    of the vendor, Mr. Jess D. Lu, to duly repurchase the property within the
    period stipulated, there was consolidated in the affiant, as vendee a retro, the
    absolute ownership of the said property. Attached hereto, as ANNEX “B,” is an
    order of the Regional Trial Court of Bacoor City issued on June 27, 2017,
    approving and confirming the above consolidation of ownership in the name
    of affiant.

    IN WITNESS WHEREOF, I have hereunto set my hand this 30th day of


    June 2017 in Bacoor City, Cavite, Philippines.

    JOSE A. REYES

    Affiant
    SUBCRIBED AND SWORN TO before me this 30th day of June 30,
    2017 in Bacoor City, Cavite, Philippines, affiant exhibiting to me his Philippine
    Passport No. 9876543 issued in Manila on January 25, 2016 and valid
    until January 25, 2021.

    ATTY. JUAN CRUZ


    NOTARY PUBLIC
    Adm Matter No. NP 430
    Roll of Attorneys No. 68909
    MCLE No. 1234567
    IBP No. 1234543 05/30/19 Bacoor City
    PTR No. 5432123 06/10/19 Bacoor City
    APPT No. 123456 06/1/2019 Bacoor City

    Doc. No. 5 ;
    Page No. 28 ;
    Book No. I ;
    Series of 2017.

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