Date Posted: 2012-10-03 23:00:48 Site Posted: ForeclosurePhilippines.com
This is a question posted and answered by Dave Williams of the Philippine Real Estate Yahoo Group. Dave posted this in the yahoo group and I’m sharing it here (with permission from Dave) because I believe it is very relevant for foreigners who may want to invest in the Philippines, and might be looking at [...]
“If a foreigner loans money to a Filipino who subsequently defaults on the loan, can the foreigner legally foreclose and thus acquire the property?” is an original post from ForeclosurePhilippines.com
