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Showing 1–2 of 2 articles for “surplus proceeds”

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Nov 23, 2007 extrajudicial foreclosure surplus proceeds writ of possession act no. 3135 civil code

Unjust Enrichment in Foreclosure: A Mortgagee's Duty to Return Excess Proceeds

The Supreme Court ruled that a bank must return surplus proceeds from an extrajudicial foreclosure sale and cannot unilaterally apply them to unsecured debts.

Feb 17, 1997 foreclosure mortgage surplus proceeds writ of possession mortgagor rights real estate law

Mortgage Foreclosure Surplus: Mortgagor Rights to Excess Bid Proceeds in the Philippines

Philippine Supreme Court ruling on mortgagor rights to surplus proceeds from extrajudicial foreclosure sales and writ of possession.