What is the difference between deed of sale and deed of absolute sale in purchasing a land?

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What is the difference between deed of sale and deed of absolute sale in purchasing a land?

2007-11-21 21:11:02 · 2 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate

2 answers

A "Deed of absolute sale" is used to convey title in the Phillipines.

2007-11-22 16:49:17 · answer #1 · answered by !!! 7 · 0⤊ 0⤋

I believe it's the same difference as "buying land" and "really buying land".

Sorry, I couldn't resist. I have never heard that term before - "deed of absolute sale". Perhaps in your state, there's a difference between getting a loan (or financing through the owner) and buying the property with cash?

2007-11-22 03:23:41 · answer #2 · answered by teran_realtor 7 · 0⤊ 0⤋