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The document summarizes key aspects of mortgage law in the Philippines. It defines a mortgage as a contract where property is recorded to secure a principal obligation. There are two main types: real estate mortgages over real property, and chattel mortgages over personal property. The document outlines the processes for extrajudicially foreclosing on each type of mortgage upon default of the secured obligation, including requirements for petitions, notices, auctions, and certificates of sale. It also discu

Author

Marian Santos

Language

EN