Legal Question in Credit and Debt Law in Philippines

unsecured mortgage foreclosure

Can an unsecured mortgage be foreclosed? Is there a ceiling on interest on unsecured mortgage?


Asked on 11/17/06, 9:18 am

1 Answer from Attorneys
Reynaldo Destura Destura & Associates Law Offices

Re: unsecured mortgage foreclosure

no because there is nothing to foreclose considering the fact that it is unsecured. only remedy is to file a civil case for collection

Read more
Answered on 11/19/06, 7:27 pm


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in Philippines