REAL ESTATE STORY
Sometime in the early 90s, Mrs. Garcia bought a repossessed lot from one of the top ten banks in the country. The 700 square meter lot area was located somewhere in Paranaque, Metro Manila. The bank sold the lot on an "as is where is" basis. Mrs. Garcia paid for the lot in full.When Mrs. garcia was about to build her house on the said lot, the homeowners association refused to allow her to build her house, due to the previous owner's non-payment of the past dues amounting to Php45,000.00. The bank did not tell her about this so Mrs. Garcia had to pay the Php45,000.00.
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In Quezon City, the city engineer will not issue the building permit to the owner of the lot or even the developer of the subdivision if there is no endorsement from the homeowners association.