When should the right of redemption be exercised in extrajudicial foreclosure of real estate mortgage?   a. Three months after foreclosure or before registration of certificate of foreclosure whichever is earlier, if creditor is a natural person b. Three months after foreclosure or before registration of certificate of foreclosure whichever is earlier, if creditor is a juridical person c. Three months after foreclosure or before registration of certificate of foreclosure whichever is earlier, if creditor is a juridical person or a bank d. Three months after foreclosure or before registration of certificate of foreclosure whichever is earlier, if creditor is a juridical person and a bank

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Mortgages

A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.

Mortgage

The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.