brock Posted February 26, 2015 Posted February 26, 2015 Take a look at this... http://www.dailymail.co.uk/femail/article-517821/British-man-facing-jail-adultery-Filipino-woman-asks-Why-wont-Foreign-Office-help-us.html 2 Link to comment Share on other sites More sharing options...
Dave Hounddriver Posted February 26, 2015 Posted February 26, 2015 What if I buy Condo in my name, leave it to her in will and will make some arrangements in Oz for grandsons. I like that idea! If I could afford a condo I would do that. But they are way overpriced (in my opinion) because foreigners can own them. I have heard stories of how new condos are first offered to a select few number of filipinos at ridiculously low prices as 'preselling' in order to get the magic 60% filipino ownership. Then the rest are sold to foreigners at 'normal' prices. If such were true then having your wife buy one in the 'preselling' and then transferring it to you later may be the way to go. Note that buying a condo in the 'preselling' stage is a whole 'nother topic. There is a link here http://myfinancialcoach.ph/article/pre-selling-vs-rfosbecause you will have questions, but if anyone wants to discuss it further can they start a new topic about it before JGF kicks my arse please. 2 Link to comment Share on other sites More sharing options...
mogo51 Posted February 26, 2015 Author Posted February 26, 2015 Jack, Dave, Chris and indeed all the other members. Thank yo all so much, have just taken a couple of asprin , wash it down with Jacks San Mig, chill out and just see what happens. Worse case scanio, will just rent and when I check out, she can go and buy herself something or continue paying the rent. Cheers to this forum and the members, my 100 Pipers and me really appreciate it. 1 Link to comment Share on other sites More sharing options...
mogo51 Posted February 26, 2015 Author Posted February 26, 2015 Take a look at this... http://www.dailymail.co.uk/femail/article-517821/British-man-facing-jail-adultery-Filipino-woman-asks-Why-wont-Foreign-Office-help-us.html This in fact the case that was made into a documentary on cable tv that I watched a few years ago and made me think about the problems I could possibly face. A frightening story and there is nothing for the Phils Government to be proud about with this one. Link to comment Share on other sites More sharing options...
mogo51 Posted February 26, 2015 Author Posted February 26, 2015 What if I buy Condo in my name, leave it to her in will and will make some arrangements in Oz for grandsons. I like that idea! If I could afford a condo I would do that. But they are way overpriced (in my opinion) because foreigners can own them. I have heard stories of how new condos are first offered to a select few number of filipinos at ridiculously low prices as 'preselling' in order to get the magic 60% filipino ownership. Then the rest are sold to foreigners at 'normal' prices. If such were true then having your wife buy one in the 'preselling' and then transferring it to you later may be the way to go. Note that buying a condo in the 'preselling' stage is a whole 'nother topic. There is a link here http://myfinancialcoach.ph/article/pre-selling-vs-rfosbecause you will have questions, but if anyone wants to discuss it further can they start a new topic about it before JGF kicks my arse please. I thought I was reasonably world wise and savvy until I started reading this forum. I doubt there is a scam they have not thought of or instigated. I am not a fan of ]pre sell] as full of rorts. So where do you go to buy something at the right price? Private sales, maybe? Cash strapped Filipinos maybe? No wonder I drink. Link to comment Share on other sites More sharing options...
mogo51 Posted February 26, 2015 Author Posted February 26, 2015 Here I go again, following from this idea, buy in her name, get a 25 year lease for bugger all, but also get a receipt up front. If I make 90 I wont give a rats if she boots me out, I'll have alzimers anyway and will forget about it within 5 minutes.!!! Link to comment Share on other sites More sharing options...
Dave Hounddriver Posted February 26, 2015 Posted February 26, 2015 buy in her name, get a 25 year lease for bugger all, You are in the 're-inventing the wheel' mode at the moment. We all go through it when trying to cover our assets from the Philippine 'system'. Lots of research is in order as everything you can think of has been tried before, each with differing degrees of success. It seems to me that you are on the right track but honesty is the best policy so perhaps buying it in her name with a 25 year lease for the exact amount you actually paid for the place is the way to go. If ex-hubby goes after her for a share of the ownership then he can pay you back for what you paid. Or so it would seem to me but . . get the best lawyer you can find . . or just rent and put the word out that you are just room mates so she has nothing of yours that the 'ex' can get. Disclaimer: These are just my musings on the subject to give you feedback. 1 Link to comment Share on other sites More sharing options...
Jack Peterson Posted February 26, 2015 Posted February 26, 2015 Here I go again, following from this idea, buy in her name, get a 25 year lease for bugger all, Sorry again but and it seems there is always a BUT You cannot Lease a property from your Wife, This falls under the Anti Dummy law which covers so many things before anyone starts on that issue again. :no: JP :tiphat: Link to comment Share on other sites More sharing options...
Dave Hounddriver Posted February 26, 2015 Posted February 26, 2015 You cannot Lease a property from your Wife, You also cannot marry an 'already married' woman so they must be just living together which makes it ok. 1 Link to comment Share on other sites More sharing options...
Jack Peterson Posted February 26, 2015 Posted February 26, 2015 You also cannot marry an 'already married' woman so they must be just living together which makes it ok. God I hate it when you are Right. :hystery: your not often wrong and here you are, freaking Right AGAIN :hystery: JP :tiphat: 1 Link to comment Share on other sites More sharing options...
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