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    Petition For Extra Judicial Foreclosure of Real Estate Mortgage Under Act 3135 As Amended

    Uploaded by

    Gerwin
    This document is a request from a Mortgagee to the City/Provincial Sheriff to foreclose on a property extra-judicially. It states that a Mortgagor-Debtor executed a real estate mortgage and promissory note to secure a loan, but has since defaulted on their obligations. The Mortgagee is now entitled to foreclose on the mortgaged property according to the terms of the real estate mortgage contract. It requests that the Sheriff take possession of the described property and sell it at a public auction, providing notice at least 10 days before the sale date.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Petition For Extra Judicial Foreclosure of Real Estate Mortgage Under Act 3135 As Amended

    Uploaded by

    Gerwin
    95 views1 page
    This document is a request from a Mortgagee to the City/Provincial Sheriff to foreclose on a property extra-judicially. It states that a Mortgagor-Debtor executed a real estate mortgage and promissory note to secure a loan, but has since defaulted on their obligations. The Mortgagee is now entitled to foreclose on the mortgaged property according to the terms of the real estate mortgage contract. It requests that the Sheriff take possession of the described property and sell it at a public auction, providing notice at least 10 days before the sale date.

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    Petition for Extra Judicial Foreclosure of Real Estate Mortgage under Act 3135 as amended

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    This document is a request from a Mortgagee to the City/Provincial Sheriff to foreclose on a property extra-judicially. It states that a Mortgagor-Debtor executed a real estate mortgage and promissory note to secure a loan, but has since defaulted on their obligations. The Mortgagee is now entitled to foreclose on the mortgaged property according to the terms of the real estate mortgage contract. It requests that the Sheriff take possession of the described property and sell it at a public auction, providing notice at least 10 days before the sale date.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    95 views1 page

    Petition For Extra Judicial Foreclosure of Real Estate Mortgage Under Act 3135 As Amended

    Uploaded by

    Gerwin
    This document is a request from a Mortgagee to the City/Provincial Sheriff to foreclose on a property extra-judicially. It states that a Mortgagor-Debtor executed a real estate mortgage and promissory note to secure a loan, but has since defaulted on their obligations. The Mortgagee is now entitled to foreclose on the mortgaged property according to the terms of the real estate mortgage contract. It requests that the Sheriff take possession of the described property and sell it at a public auction, providing notice at least 10 days before the sale date.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    The City/Provincial Sheriff

    City/Province of
    _____________, Philippines
    S I R:

    GREETINGS:

    Mortgagee _____________, of legal age, Filipino, (single / married / widow), and


    a resident of _____________, Philippines, most respectfully alleges:
    1. That on _____________, __Name of Mortgagor-Debtor__, of legal age,
    Filipino, (single / married / widow), and a resident of _____________,
    Philippines, executed a Real Estate Mortgage in my favor mortgaging said
    property described in the Real Estate Mortgage Contract hereto attached as
    Annex “A” and forming an integral part hereof; to secure the payment of loan in
    the amount which is shown in the promissory note executed by said Mortgagor-
    Debtor dated _____________, a copy of which is hereto attached as Annex “B”
    2. That to the best of my knowledge, the mortgaged property is subject to no
    prior mortgage or any lien whatsoever and is now in the possession and full
    control of the above-named Mortgagor-Debtor;
    3.That the Mortgagor-Debtor defaulted in its obligation under the aforementioned
    Real Estate Mortgage Contract and Promissory Note;
    4.That under the terms and conditions of the Real Estate Mortgage Contract,
    the Mortgagee is entitled to foreclose extra-judicially the mortgaged property,
    which is more particularly described as follows:
    (Technical Description of Property)
    4.That by the terms and conditions of the Real Estate Mortgage Contract herein-
    above referred to, the principal obligation of the Mortgagor which has become
    overdue as of _____________ is in the
    amount of __________________________ (P___________), excluding
    penalties, liquidated damages, past due interest, attorney’s fee representing
    ______% of the total obligation due, other charges and expenses of foreclosure.
    WHEREFORE, I respectfully request you to take possession of the property
    described in the aforementioned Real Estate Mortgage and sell the same at
    Public Auction in accordance with the provisions of Act 3135 as amended.
    Please furnish the undersigned and the Mortgagor-Debtor with
    copies of your notice of Sale at least ten (10) days before the sale.
    _____________, Philippines, __Date__.

    MORTGAGEE
    (VERIFICATION)

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