Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Explain your answers with a legal basis. A mere Yes or No will not be credited. 1. D obtained a loan from C secured by
Explain your answers with a legal basis. A mere Yes or No will not be credited.
1. D obtained a loan from C secured by a Real Estate Mortgage over a parcel of land. When D defaulted, C extrajudicially foreclosed the property. C was declared the highest bidder in the auction. On October 29, 2020, C caused the registration of the certificate of sale. On November 9, 2021 D filed a complaint for annulment of the extrajudicial foreclosure and auction sale. Can D redeem the property beyond the one year redemption period?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started