Document background
The Seller Financed Deed of Trust is commonly used in Philippine real estate transactions where traditional bank financing is not utilized, and the seller agrees to finance the purchase directly. This arrangement is particularly valuable in scenarios where buyers may not qualify for conventional bank loans or when sellers prefer to earn interest income through direct financing. The document must comply with Philippine property laws, including the Civil Code, Property Registration Decree, and Trust Receipts Law. It provides detailed terms for property transfer, payment schedules, default remedies, and trustee responsibilities, while ensuring compliance with local registration requirements and consumer protection regulations. The Seller Financed Deed of Trust includes specific provisions for property description, payment terms, security interests, and enforcement mechanisms, all structured within the Philippine legal framework to protect both seller and buyer interests.
