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Philippine Bar review · Topic

Deficiency Judgment; Recovery of Deficiency

Page 2 of practice questions on Deficiency Judgment; Recovery of Deficiency in Foreclosure (Rules of Court, Rule 68; Act 3135, as amended by Act 4118; RA…

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Practice questions

  1. If properly applied foreclosure proceeds fully satisfy the proved recoverable debt, is a further unpaid deficiency esta… Multiple Choice Easy
  2. A valid judicial foreclosure yields a surplus after sale costs and the mortgage debt. Junior encumbrancers remain entit… Multiple Choice Medium
  3. A deficiency judgment includes PHP200,000 contractually due only next year, and no acceleration applies. May the credit… Multiple Choice Medium
  4. A creditor wins the valid foreclosure auction through a bid credited against the debt. The credit is properly establish… Multiple Choice Hard
  5. The net proceeds and lawful later payment together satisfy the entire proved recoverable balance after foreclosure. The… Multiple Choice Hard
  6. Explain Rule68 Section6’s distinction between rendering a deficiency judgment and executing an unmatured balance. Essay Medium
  7. A creditor acquires the property through a valid bid credited to the debt, then sues for a deficiency. Explain why the … Essay Medium
  8. Distinguish a foreclosure surplus from a deficiency and identify the Rule68 Section4 treatment of junior encumbrancers. Essay Medium