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Affidavit of Consolidation of Ownership in Pacto de Retro

Affidavit Affidavit of Consolidation of Ownership
CITY OF MAKATI                      ) S.S.


         I, MARIE B. DELA CRUZ, of legal age, Filipino, single and a resident of 2223 Washington Street, Pio del Pilar, Makati City, after having been duly sworn to in accordance with law, depose and state:

1. That on June 10, 2011, Mr. Pedro Penduko, of legal age, Filipino, single, residing at 2222 Teresa Street, Makati 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, 2013 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  Makati City issued on August 11, 2013, approving and confirming the above consolidation of ownership in the name of affiant.

     IN WITNESS WHEREOF, I have hereunto set my hand this 26th day of September 2013 in Makati City, Metro Manila, Philippines.


    SUBCRIBED AND SWORN TO before me this 26th day of September 2013 in Makati City, Metro Manila, Philippines, affiant exhibiting to me her Philippine Passport No. 123456 issued in Manila on January 12, 2012 and valid until January 12, 2017.

Doc. No. _____;
Page No. _____;
Book No. _____;
Series of 2013. 


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