If any members here can help it would be greatly appreciated!
I was thinking of buying a modest 3-4 bedroom house and small parcel of land in Northern Mindanao. The title would have to be in my GF's name.
Questions:
1... Is there any truth that i can "lease it" from her to get over any legal ownership from me being a foreigner? I have heard you can draw up a 50 year lease at a ridiculously low rental rate just to keep it " legal."
2... What is the normal deposit required in % terms?
3... How easy is itfor me to open a bank account there where monthly standing orders/ mortgage re-payments can be drawn from?
Thanks folks for any advice, very welcome!
