Practice question
What is the mortgagee’s appropriate route to obtaining title when the security must be enforced, absent a distinct lawful later arrangement?
- Foreclosure and acquisition through the proper foreclosure sale
- Automatic ownership solely on default
- Changing the caption to absolute sale
- Privately declaring the debtor’s title cancelled
- Keeping all collateral without process merely by demand
Legal references
- Civil Code RA386: https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html Articles1602–1604,2088.
- Lambo GR269085 February2026 MAIN: https://lawphil.net/judjuris/juri2026/feb2026/gr_269085_2026.html Principal debt and equitable mortgage.
- Spouses Lontoc GR217860 January29,2024 MAIN: https://lawphil.net/judjuris/juri2024/jan2024/gr_217860_2024.html Scope of relief and foreclosure distinction.
- GR244422 July2022 MAIN: https://lawphil.net/judjuris/juri2022/jul2022/gr_244422_2022.html Mortgagee remedy.
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