Philippine Bar review · Topic
Extrajudicial Foreclosure (Act 3135, as amended by Act 4118; AM 99-10-05-0, as amended)
Explore Extrajudicial Foreclosure (Act 3135, as amended by Act 4118; AM 99-10-05-0, as amended) in Foreclosure of Real Estate Mortgage (Rule 68; RA 8791, Sec…
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Practice questions
- What contractual authority is central to an extrajudicial real-estate-mortgage sale under Act3135 §1?
- Under Act3135 §4, what kind of sale is contemplated?
- Under AM99-10-05-0's filing procedure, where are extrajudicial foreclosure applications filed, whether sale is under a …
- A mortgaged property worth PHP2 million is scheduled for an Act3135 sale. The creditor posts notices but omits the stat…
- A mortgage validly stipulates additional personal notice of the foreclosure sale to the mortgagor. The creditor follows…
- A corporation's property is extrajudicially foreclosed to satisfy a bank loan governed by RA8791 §47. The certificate i…
- Land in a province outside Metro Manila is to be sold under an Act3135 mortgage power. The creditor proposes holding th…
- Explain the significance of the mortgage's special power and the administrative filing channel for extrajudicial forecl…
- Distinguish statutory public notice from an additional contractual obligation of personal foreclosure-sale notice.
- Explain why a redemption period cannot be stated as a universal full year for every extrajudicial foreclosure.
- Under Act3135 Section5, is the mortgage creditor categorically forbidden from bidding?
- What public-auction hours does Act3135 Section4 specify?