Housing loan foreclosure & remedial handling
Remedial management of housing loan accounts from workout offer to acquired-asset turnover, executed on schedule and documented for audit at every stage.
What this service covers
We take housing accounts that have exhausted normal collection and carry them through the remedial path your institution approves: a genuine workout attempt first, then notarial demand, extrajudicial proceedings, consolidation of title and turnover. Every filing, publication and receipt is captured in the account file so your legal and compliance teams can trace each step.
- STAGE 01
Account review and workout offer
Loan documents, mortgage annotation and payment history are reviewed, then a restructuring, dacion or settlement offer is presented within your approved authority limits.
- STAGE 02
Notarial demand
Formal demand is served and proof of service recorded, establishing the documentary basis for proceedings if the borrower does not respond.
- STAGE 03
Extrajudicial proceedings
Petition filing, publication and posting requirements, and coordination with the notary public or sheriff through to the auction sale and certificate of sale.
- STAGE 04
Consolidation and turnover
After redemption lapses: affidavit of consolidation, title transfer, tax and clearance coordination, possession recovery and physical turnover of the asset to your institution.
Questions institutions ask
What is extrajudicial foreclosure in the Philippines?+
Extrajudicial foreclosure is the sale of mortgaged property through a notary public or sheriff without a court case, available when the mortgage contract contains a special power of attorney authorising the mortgagee to sell. It proceeds under Act No. 3135, as amended, with publication and posting requirements before the auction.
Do you attempt a workout before foreclosing?+
Yes. Foreclosure is the last remedy. Every account is first offered a restructuring, dacion en pago or settlement option within the authority limits your institution sets. Foreclosure proceeds only when the borrower declines or fails the agreed arrangement.
How long does the process take?+
Timelines depend on the registry, the notary or sheriff's calendar and publication schedules, so we commit to milestone dates per account at onboarding rather than a blanket duration. Status is reported on your agreed cycle throughout.
Do you handle consolidation and turnover?+
Yes. After the redemption period lapses we handle affidavit of consolidation, transfer of title, tax clearance coordination, and physical turnover or possession recovery of the asset, with complete documentary support.