Judicial vs extrajudicial foreclosure

Judicial vs extrajudicial foreclosure — the two tracks by which a PH lender forecloses. Judicial: a court case ending in a sale by court order; slower, with redemption running until confirmation of the sale. Extrajudicial: the dominant track — the mortgage contract’s power-of-sale clause lets the lender auction the property before a notary or sheriff after published notice, under Act 3135, with redemption periods set by statute. The track a property came through determines whose claims may still be live — a due-diligence question, not trivia.

First used in: 3.6 · Foreclosures end-to-end