January 10, 2008
Ms. Margie D. Escudero
ABC Land Development Inc.
San Fernando, Pampanga
Dear Ms. Escudero:
I, John Rey D. Santiago and my wife, Catherine L. Santiago agrees to get a housing loan so that we can have enough money to pay the balance of Php 183,0000 for the lot and at the same time we can able to build our own house.
Since we are not yet pay our balance, we propose to have a written agreement that you’re going to give us the title of the land with our name to be able to mortgage to the bank and get a housing loan.
Please review the enclosed written agreement signed by me and my wife. I believe that it is both beneficial to us. Once the bank releases our loan, we will pay the balance.
We look forward to discuss the details at your convenient time.
Thanks and more power.
Sincerely yours,
John Rey D. Santiago