Seller Financed Mortgage Contract for Philippines
Create a bespoke document in minutes, or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Seller Financed Mortgage Contract
"I need a Seller Financed Mortgage Contract for a residential property in Manila, Philippines, with a 30% down payment and the remaining balance to be paid over 10 years, including provisions for early payment without penalties."
Your data doesn't train Genie's AI
You keep IP ownership of your information
1. Parties: Identification of the Seller/Mortgagee and Buyer/Mortgagor, including complete legal names, addresses, and tax identification numbers
2. Background: Brief context of the transaction, including property overview and parties' intention to enter into a seller-financed arrangement
3. Definitions: Definitions of key terms used throughout the agreement, including Property, Mortgage, Payment Terms, etc.
4. Property Description: Detailed legal description of the property being sold and mortgaged, including certificate of title number and property boundaries
5. Purchase Price and Payment Terms: Total purchase price, down payment, loan amount, interest rate, payment schedule, and amortization details
6. Security and Mortgage Provisions: Terms of the mortgage, including the creation and registration of the mortgage lien
7. Representations and Warranties: Statements of fact and guarantees by both parties regarding their capacity, property condition, and title
8. Covenants: Ongoing obligations of both parties, including property maintenance, insurance, and tax payments
9. Default and Remedies: Events of default, cure periods, and remedies including foreclosure rights and Maceda Law provisions
10. Insurance and Taxes: Requirements for property insurance and responsibility for various taxes and fees
11. Transfer and Assignment: Conditions and restrictions on selling or transferring the property or the contract rights
12. Notices: Process and addresses for formal communications between parties
13. Governing Law and Jurisdiction: Specification of Philippine law as governing law and designation of competent courts
14. Execution: Signature blocks and notarization requirements
1. Early Payment Provisions: Terms for early payment or full settlement of the loan, used when parties want to specify prepayment conditions
2. Property Management: Additional terms regarding property maintenance and improvements, used for commercial properties or when specific maintenance requirements exist
3. Escrow Provisions: Terms for handling escrow accounts for taxes and insurance, used when parties agree to establish an escrow arrangement
4. Co-Buyer Provisions: Additional terms when there are multiple buyers, used when the property is purchased jointly
5. Construction or Renovation Terms: Used when the property requires specific improvements or renovations as part of the agreement
6. Special Use Conditions: Restrictions or requirements for property use, included for properties in special zones or with specific limitations
1. Schedule A - Property Details: Comprehensive property description, including lot plan, technical description, and certificates
2. Schedule B - Payment Schedule: Detailed amortization table showing all payments, principal, and interest over the loan term
3. Schedule C - Property Inspection Report: Current condition of the property and any identified issues or necessary repairs
4. Schedule D - Title Documents: Copies of relevant title documents and certificates
5. Schedule E - Insurance Requirements: Detailed specifications for required insurance coverage
6. Appendix 1 - Deed of Absolute Sale: Template or copy of the deed of sale to be executed upon full payment
7. Appendix 2 - Real Estate Tax Certificates: Current tax declarations and certificates
8. Appendix 3 - Property Photos and Plans: Current photographs and architectural/lot plans of the property
Authors
Amortization Schedule
Applicable Law
Business Day
Buyer
Certificate of Title
Closing Date
Default
Down Payment
Effective Date
Encumbrance
Event of Default
Governing Law
Interest Rate
Late Payment Fee
Lien
Loan Amount
Maceda Law Rights
Material Adverse Change
Maturity Date
Monthly Payment
Mortgage
Mortgaged Property
Notice
Outstanding Balance
Parties
Payment Date
Permitted Encumbrances
Principal Amount
Property
Property Documents
Purchase Price
Real Estate Taxes
Registry of Deeds
Remedies
Repayment Term
Security
Seller
Special Power of Attorney
Tax Identification Number
Term
Title Insurance
Transfer Certificate of Title
Transfer Taxes
Purchase Price
Payment Terms
Mortgage Creation
Security Interest
Title Transfer
Property Description
Representations and Warranties
Insurance Requirements
Default and Remedies
Registration and Recording
Tax Obligations
Property Maintenance
Assignment and Transfer
Risk of Loss
Force Majeure
Notices
Dispute Resolution
Governing Law
Severability
Amendment
Entire Agreement
Further Assurance
Indemnification
Compliance with Laws
Property Inspection
Possession and Occupancy
Events of Default
Acceleration
Foreclosure Rights
Consumer Protection
Recording and Registration
Property Use
Construction and Improvements
Environmental Compliance
Real Estate
Financial Services
Banking
Legal Services
Property Development
Construction
Housing
Insurance
Property Management
Urban Development
Legal
Real Estate
Property Management
Finance
Compliance
Risk Management
Sales
Customer Relations
Documentation
Operations
Real Estate Attorney
Property Lawyer
Real Estate Broker
Property Developer
Mortgage Specialist
Real Estate Manager
Financial Advisor
Property Assessor
Legal Counsel
Compliance Officer
Real Estate Agent
Property Investment Manager
Contract Administrator
Title Insurance Officer
Risk Management Officer
Find the exact document you need
Mortgage Assumption Contract
A Philippine law-governed agreement facilitating the transfer of mortgage obligations from an original borrower to an assuming party, with lender consent and regulatory compliance.
Assumption Agreement (Real Estate)
A Philippine law-compliant agreement transferring rights and obligations under an existing real estate contract to an assuming party.
Mortgage Loan Modification Agreement
A Philippine law-governed agreement that modifies existing mortgage loan terms between lender and borrower, subject to BSP regulations and banking laws.
Escrow Agreement To Hold Funds
A Philippine law-governed agreement establishing terms for a third party to hold and regulate funds during a transaction between two parties.
Mortgage Buydown Agreement
A Philippine-compliant agreement that establishes temporary interest rate reductions on a mortgage loan through third-party funding arrangements.
Standard Mortgage Contract
A Philippine law-governed mortgage agreement creating a security interest in real property to secure a loan, complying with local banking and property regulations.
Second Mortgage Agreement
A Philippine law-governed agreement creating a subordinate mortgage on property already subject to a first mortgage, establishing terms for additional financing while preserving first mortgagee's priority.
Owner Financing Mortgage Contract
A Philippine law-compliant contract combining property sale and mortgage terms where the property seller provides direct financing to the buyer.
Seller Financed Mortgage Contract
A Philippine law-governed contract combining property sale and mortgage terms where the seller provides financing instead of a traditional lender.
Mortgage Loan Purchase Agreement
A Philippine law-governed agreement for the sale and transfer of mortgage loans between financial institutions, including terms of purchase, representations, and regulatory compliance requirements.
Agreement For Sale Of Mortgaged Property
A Philippine law-governed agreement for transferring ownership of mortgaged property while addressing existing mortgage obligations and ensuring regulatory compliance.
Joint Mortgage Agreement
A Philippine law-governed agreement establishing a joint mortgage between multiple mortgagors and a lender, creating a security interest in real property.
Reverse Mortgage Agreement
A Philippine-law governed agreement enabling elderly homeowners to access home equity through a reverse mortgage while maintaining residence rights.
Third Party Mortgage Agreement
A Philippine law-governed security agreement where a third party provides their property as collateral for another party's loan obligations.
Mortgage Assignment Agreement
A Philippine law-governed agreement transferring mortgage rights from one party to another, including all associated terms and registration requirements.
Mortgage Extension Agreement
A Philippine law-governed agreement that extends the term of an existing mortgage while maintaining the original security interest and complying with local banking and property regulations.
Mortgage Contract Agreement
A Philippine law-governed agreement creating a security interest in real property to secure a loan, detailing terms between borrower and lender under local property and banking regulations.
Mortgage Lease Agreement
A Philippine law-governed agreement combining mortgage financing and property lease arrangements into a single legal document.
Private Mortgage Contract
A legal agreement under Philippine law where real property is pledged as security for a loan between private parties, establishing loan terms and security rights.
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it