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Petition FOR fORECLOSURE or Notarial Foreclosure
Petition FOR fORECLOSURE or Notarial Foreclosure
Petition FOR fORECLOSURE or Notarial Foreclosure
GREETINGS:
(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)