Community Guru
Juvy Ann P Member Since: Oct 29, 2015



So It's April and this month is going to be the last month that we could pay for when it comes to house rent.  After this, there shall be a period of three months to wait for the release of the letter cancelling the contract-to-sell.  The owner, Cumberland Development Corporation, has probably found a new buyer to occupy the unit once we move out sometime in July, 2019.  The full equity payment and monthly amortizations shall not be refunded as agreed in the contract.  

It turns out that the full amount was not remitted as deductions of the Housing Loan.  Rather, I was told that the collections were allotted as advanced interest payment as the whole loan will be equivalent to 1.8 million -- that is equal to TWO house and lot units.  This is because the contract is good for 30 years at 6.5% interest (if I am not mistaken).  This calls for a huge amount of generosity, if we will continue on with this housing project.  Last February, PAG-IBIG refused to continue on with the Memorandum of Agreement with the Developer as the collecting agency.  For April, I was able to pay at a Bayad Center because my checking account had to be closed for lack of funds.
Employment possibilities are weak.  Business is bad. The best that I could do was comply with documentary requirements for a local employer and register for a Bookkeeping Course which is to be facilitated by an instructor who welcomes my son as my classmate.  My medical exams state that I am free from all medical "bad" news.
Our golden stuff have almost doubled their value.  Come auction time, I am going to purchase gold again if I have cash as I have found out that gold can be relied on as it is like a real estate property.  Its value keeps on getting higher with the passage of time.
This will be the last time that I will ever attempt to secure a housing unit via a loan scheme.  My failure to pass the "training for Real Estate Mortgage" means that I forfeited my chance to have another real estate property in the near future.  
The good thing about this is that I will not be washing dishes at the comfort room anymore.  Hahaha!  And I will not be seeing unpainted walls and have a bedroom that is visible to people in the streets whenever the door is open. Additionaly, I will have a chance to do laundry without bending my back and store food inside the refrigerator. And of course, if I have cold cash in the future, I can still own a house and lot via foreclosure.  LOL!   From 2015 up to this month,  I was able to realize this fact:
"Kaya matibay ang walis ay sapagkat nabibigkis".