B087 Listing
PS Bank
Properties For Sale
Discover the ideal real estate property for you and your family.
Experience low-interest rates, convenient modes of payment, and flexible payment terms.
Errors are unintended and do not constitute acts of misrepresentation or
withholding of accurate property details and amount; and are subject to change without prior notice.
LIST OF REQUIREMENTS
A. Individual Buyer/Borrower
i. Photocopy of 2 photo bearing valid government issued IDS
ii. Photocopy of PSA Marriage Certificate, if applicable
iii. Original Special Power-of-Attorney (SPA) - notarized or consularized by an accredited
Apostile member, if applicable
1. If Employed
i. Latest Income Tax Return (ITR) form 2316
ii. Certificate of Employment indicating compensation
2. If Self-employed
i. BIR Form 1700 – Individuals Earning Purely Compensation Income (Including Non- Business/Non-Profession Income); or
BIR Form 1701 - Individuals (including MIXED Income Earner), Estates and Trusts; or
BIR Form 1701A - Individuals Earning Income PURELY from Business/Profession
ii. Business Registration from SEC/DTI
iii. Latest Audited Financial Statement
vi. Latest ITR with BIR Stamp
v. Trade References with contact information (Customers/suppliers)
Note: If the buyer/borrower is married, please submit the same requirements
for the Spouse.
3. For OFW
Any of the following:
i. Certificate of Employment iii. Proof of remittance for the last 3 months
ii. Job Contract iv. Active PSBank OFW Account
B. For Corporations
1. Original Board Resolution and / or Secretary's Certificate authorizing the purchase and/or oan including appointment of the
authorized signatory in behalf of the corporation
2. Copy of 2 photo bearing valid government issued IDs of the authorized signatory
3. Photocopy of 2 photo bearing valid government issued IDS of the Corporate Secretary
4. Tax Identification Number of the company and authorized signatory
5. Copy the SEC Registration
6. Copy of the Articles of Incorporation and By-laws
7. General Information Sheet (GIS)
8. Latest Income Tax Return (BIR Form 1702) and latest Audited Financial Statement with BIR stamp
Hi, Sir.
For BIR 2307 concerns, you may directly send your request to Ms. Grace, her email address is MGConcoles@psbank.com.ph;
Sales Process
Foreclosed Process of Purchase
PSBANK
1. Condunt of an ocular Inspection - viewing the property, assessment of buyer
2. Due Diligence - Checking Title and Tax dec of the property- ( validating of ownership, checking arrears etc. )
3. Fill up of Bank Forms
Submission of requirements such as Valid ID's income documents such as ITR Certificate of employement, marriage cert
4. Awaiting Approval- The Offer of the buyer will be subject for Management Approval
5. Upon approval, submission or issuance of the Downpayment sellers acquired- payment of DST
7. Signing of Deed of Sale
8.Upon loan approval, Bank Loan Contract Signing - payment of Bank Fees,insurances etc
8. Payment of Transfer cost and pr rate homeowner or condo dues
9. Move In
Process takes 15 Days minimum on cash basis and around 30 days to 45 days for loan payment.
List of Requirements
For all applications:
* Offer to buy form
* Buyers Information Sheet (both wife and husband/co-buyer)
* 2 valid ID with 3 specimen signature (Both wife and Husband/co-buyer)
* Proof of income (Remittances/Payslip/Bank Statement) both spouses
* Proof of billing (Water bill/Electricity Bill/ Telephone Bill)
* Marriage Certificate (if married)
* Birth Certificate (if single) & Cenomar
* Certificate of Employment both spouses
* SPA (if applicable)
If applicant is in business or in professional practice:
*Latest BIR Form 1701 or 2317 with attached Audited Financial Statement with BIR Stamp
* TIN Verified If applicant is employed:
*Proof of income (ITR/Pay slip/Financial Statement/Remittances)
*Latest Certificate of Employment
*Latest Income Tax Return or BIR Form 2316, 2306, 2307, or 1700
If applicant is an OFW:
*Any of the following:
*Consularized Certificate of Employment
*Job Contract
*Proof of Remittance for the past 3 months
*Active OFW Account
*Philippine based Loan Administrator and Co-maker with source of income (to submit same requirements as applicant)
If applicant is an Immigrant:
*Latest Certificate of Employment and any of the following:
*Latest Income Tax Return
*Proof of Remittance for the past 3 months
*Active OFW Account
*Payslips for the past 3 months
*Philippine based Loan Administrator and Co-maker with source of income (to submit same requirements as applicant)
For Corporate Buyers:
* Original Board Resolution and/or Secretary’s Certificate authorizing the purchase and appointing the signatory for the corporation
* SEC Registration
* Articles of Incorporation and By-laws
* Latest Income Tax Return (BIR Form 1702)
* Latest Audited Financial Statement
* Photocopy of valid ID of the signatory
* Community Tax Certificate of the company and signatory
* Tax Identification Number of the company and signatory