Salenga Law Firm on Nostr: Mortgage, often referred to as “real estate mortgage” or “real mortgage,” ...
Mortgage, often referred to as “real estate mortgage” or “real mortgage,” plays a significant role in property financing and securing debt obligations in the Philippines. It is a legally binding contract between a debtor and a creditor, where the debtor pledges specific immovable property or real rights over immovable property as collateral to ensure the fulfillment of a principal obligation. In the event of non-compliance with the agreed-upon terms, the creditor has the right to satisfy the obligation by selling the mortgaged property or rights. This blog explores the intricacies of real estate mortgage, its implications, and the crucial role it plays in property transactions and financial arrangements.
Read the full article on our website!🌐
https://philippinelawfirm.com/property/real-estate-mortgage/--tags--
#realestate #lawstudentphilippines #lawschoolphilippines #realestateph #realestatephilippines #philippines
Published at
2023-09-05 07:11:53Event JSON
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