Philippines  |  Real Estate Law

Legal Question

Asked on: 6/14/13, 1:28 am

Sir, this is the situation a lot was annotated to two persons with certain amount as the lender, my question is when one of the lender died, what will happen to the title that is due to be foreclosed? is it the title be put to his name the living entity through foreclosure proceedings or the borrower will regain his title since one of the lender is dead thus debt is erased?

1 Answer

Answered on: 6/14/13, 5:40 pm by VOLTAIRE T. DUANO

Just foreclose it.

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VOLTAIRE T. DUANO LAW OFFICE 9th Floor Suit 9N Future Point Plaza 3 No. 111 Panay Avenue, South Triangle, Que Quezon City, 1103

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