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Affidavit of Consolidation

Myhra R. Fabros purchased a parcel of land from Pedro Penduko in 2016 under a pacto de retro agreement that allowed Penduko to repurchase the land within two years. Penduko did not exercise his right to repurchase within the two year period, which expired in June 2018. As a result, ownership of the land was consolidated in Fabros' name, as confirmed by a court order. Fabros provided an affidavit stating these details of the land transaction and consolidation of ownership.

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349 views

Affidavit of Consolidation

Myhra R. Fabros purchased a parcel of land from Pedro Penduko in 2016 under a pacto de retro agreement that allowed Penduko to repurchase the land within two years. Penduko did not exercise his right to repurchase within the two year period, which expired in June 2018. As a result, ownership of the land was consolidated in Fabros' name, as confirmed by a court order. Fabros provided an affidavit stating these details of the land transaction and consolidation of ownership.

Uploaded by

Charisma Bernabe
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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REPUBLIC OF THE PHILIPPINES)

CITY OF BAGUIO ) S.S.


x-------------------------------------x

AFFIDAVIT OF CONSOLIDATION OF OWNERSHIP

I, MYHRA R. FABROS, of legal age, Filipino, and a resident of


Anao, Tarlac, after having been duly sworn to in accordance with law,
depose and state:

1. That on July 22, 2016, Mr. Pedro Penduko, of legal age, Filipino, single,
residing at 2222 Teresa Street, Baguio City, sold to me a certain parcel of
land under pacto de retro, executed before Notarial Public Juan Tamad
and bearing Not. Reg. No. 2, Page 2, Book II, Series of 2011 of his
Notarial Register (copy of the said pacto de retro sale is hereto attached
as ANNEX “A”);

2. That pursuant to the deed of sale with pacto de retro, the said vendor, Mr.
Pedro Penduko, should have exercised his right to repurchase the
said property within the period of two (2) years;

3. That the period expired on June 10, 2016 without the said vendor, by
himself or by any other person in his behalf complying with the condition
and stipulation required for the repurchase of the said property;

4. That the said period of repurchase has not been extended, either expressly
or impliedly, by affiant vendee a retro;

5. That by virtue of the said deed of sale with pacto de retro, and by the
failure of the vendor, Mr. Pedro Penduko, to duly repurchase the property
within the period stipulated, there was consolidated in the affiant, as
vendee a retro, the absolute ownership of the said property. Attached
hereto, as ANNEX “B,” is an order of the Regional Trial Court of Baguio
City issued on August 11, 2016, approving and confirming the above
consolidation of ownership in the name of affiant.

IN WITNESS WHEREOF, I have hereunto set my hand this 3rd day


of January 2017 in Baguio City, Philippines.

MARIE B. DELA CRUZ


Affaiant

SUBCRIBED AND SWORN TO before me this 3rd day of January


2017 in Baguio City, Philippines, affiant exhibiting to me her Philippine
Passport No. 123456 issued in Manila on January 12, 2013 and valid
until January 12, 2018.

ATTY. MARY THERESE GABRIELLE B. ESTIOKO


Notary Public
Commission Serial No. 93-NC-13
Notary Public for Baguio City
Until December 31, 2020
Office: Room 718, Ireland Bldg., Upper Session Road,
Baguio City
Roll No. 71813
IBP Lifetime Membership No. 01004218: 07/18/16: Baguio–Benguet
PTR No. 718100421: 10/04/00: Baguio–Benguet
MCLE Compliance Cert. No. IV-0001984, 10/21/05

Doc. No. 3;
Page No. 1;
Book No. 1;
Series of: 2017;

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