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Real Estate Mortgage Law Overview by paterson M agyao is a document available to read on EtoBox.

What is Real Estate Mortgage Law Overview about?

The document summarizes key provisions of the Real Estate Mortgage Law (Act 3135). It discusses: 1) The law governs extrajudicial sales of mortgaged property and regulates the process of sale and redemption. 2) Upon default, the mortgagee can either foreclose on the property through a judicial sale, maintaining priority lien, or file a debt collection lawsuit, waiving the mortgage lien. 3) A special power of attorney must be included in the mortgage contract to allow for extrajudicial foreclosure by th

Author

paterson M agyao

Language

EN