Legal Opinion Writ of Possession
Legal Opinion Writ of Possession
Legal Opinion Writ of Possession
FORECLOSURE SALE
Prefaratory Statement
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Legal Opinion
The law is clear that in
an
extra-judicial
foreclosure sale, after
the lapse of the one
year
period
within
which to redeem the
property
and
no
redemption was made,
the buyer becomes the
A writ of possession
may also be issued after
consolidation
of
ownership
of
the
property in the name of
the purchaser.
A writ of possession is a writ of execution employed to enforce
a judgment to recover the possession of land. It commands the
sheriff to enter the land and give possession of it to the person
entitled under the judgment.[20] It may be issued in case of an
extrajudicial foreclosure of a real estate mortgage under Section 7 of
Act No. 3135, as amended by Act No. 4118.[21]
Under said provision, the writ of possession may be issued
to the purchaser in a foreclosure sale either within the oneyear redemption period upon the filing of a bond, or after the
lapse of the redemption period, without need of a bond.[22]
1 http://www.manilatimes.net/file-petition-issuance-writ-possession/118477/
NBSB: (Nota
whut?)
Bene
Since
Birth.lol
say
3 http://sc.judiciary.gov.ph/jurisprudence/2010/february2010/169190.htm
No. 169190
G.R.