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  • Print Edition
    PHP240.00
  • Eligible for free shipping!
  • Title: Law on Mortgage
  • Author: Dr. Igmidio C. Lat
  • Publisher: Central Book Supply, Inc.
  • ISBN: 971-691-257-9
  • No. Of Pages: 311
  • Size: 6"x9"
  • Edition: 1st edition
  • Binding: Softbound
  • Description:

    Ownership is retained by the mortgator since the latter merely subjects it to a lien. In case of nonpayment of debt secure by a mortgaged property and have it sold to satisfy the mortgaged property and have it sold to satisfy the outstanding indebtedness to enforce his right and consolidation of ownership is not an appropriate remedy. Only upon the lapse of the redemption period and the judgement debtor failded to exercise his right of redemption, ownership will vest or be consolidated in the purchaser.