Free Legal Advice Philippines
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Free Legal Advice Philippines

Disclaimer: This web site is designed for general information only and does not create attorney-client relationship. Persons accessing this site are encouraged to seek independent counsel for legal advice regarding their individual legal issues.

Log in

I forgot my password




You are not connected. Please login or register

Free Legal Advice Philippines » FREE LEGAL ADVICE » PROPERTY » Forclosure

Forclosure

3 posters

Go down  Message [Page 1 of 1]

1Forclosure Empty Forclosure Tue Feb 28, 2012 5:38 pm

zykha57


Arresto Menor

If you make a housing loan to Pag-Ibig and you have paid almost 2 years of your loan and after 3 mos of delay you are given a notice that your property has been foreclosed. What happened to your loan balance? Are you required to still pay the said loan?

2Forclosure Empty Re: Forclosure Fri Mar 02, 2012 6:11 pm

TiagoMontiero


Prision Correccional

You should have contacted Pag-ibig for a grace period, anyway, if the property is already sold via public auction, you have 1 year to redeem it.

All your loan payments will be forfeited in favor of pag-ibig if the Bid Price is lower than the entire loan. IF, the bid price for your property is higher than your loan, then, the excess will be turned over to you.

you don't need to pay your amortization, BUT you need to come up with the entire amount of your loan within 1 year, if you want to recover your property.

3Forclosure Empty Re: Forclosure Thu Feb 20, 2014 10:34 pm

dexter213


Arresto Menor

How long is grace period if they settle the amount

Sponsored content



Back to top  Message [Page 1 of 1]

Free Legal Advice Philippines » FREE LEGAL ADVICE » PROPERTY » Forclosure

Permissions in this forum:
You cannot reply to topics in this forum