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…

Explore the syllabus

Direct subtopics

This topic has no further subtopics. Explore its practice questions below.

Put it into practice

Practice questions

  1. What contractual authority is central to an extrajudicial real-estate-mortgage sale under Act3135 §1?
  2. Under Act3135 §4, what kind of sale is contemplated?
  3. Under AM99-10-05-0's filing procedure, where are extrajudicial foreclosure applications filed, whether sale is under a …
  4. A mortgaged property worth PHP2 million is scheduled for an Act3135 sale. The creditor posts notices but omits the stat…
  5. A mortgage validly stipulates additional personal notice of the foreclosure sale to the mortgagor. The creditor follows…
  6. A corporation's property is extrajudicially foreclosed to satisfy a bank loan governed by RA8791 §47. The certificate i…
  7. Land in a province outside Metro Manila is to be sold under an Act3135 mortgage power. The creditor proposes holding th…
  8. Explain the significance of the mortgage's special power and the administrative filing channel for extrajudicial forecl…
  9. Distinguish statutory public notice from an additional contractual obligation of personal foreclosure-sale notice.
  10. Explain why a redemption period cannot be stated as a universal full year for every extrajudicial foreclosure.
  11. Under Act3135 Section5, is the mortgage creditor categorically forbidden from bidding?
  12. What public-auction hours does Act3135 Section4 specify?