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TOPIC: Tricycle Mortgage

Tricycle Mortgage 5 years 9 months ago #12959

Good pm atty.
Eto po ang situation
Mr. A, sinanla tricycle nya kay Mr. B.. May mortgage agreement between them. Feb 2013 expired na ang contract pero ok payag si Mr B na tubuan nlng ulit at walang bagong contract.
December 2013, namatay si Mr. A. Since then, hindi na nakipag usap ang mga naiwan regarding sa utang sanla ni Mr.A. OR/CR ang na kay Mr. B.
Nasa custody ng naiwan ni Mr. A ang tricycle.
Question:
1. Pwede po ba batakin ni Mr. B ang tricycle?
2. Obligado po bang yung mga naiwan ni Mr. A ang magbayad sa utang?
3. If ayaw ibigay ng mga naiwan ni Mr. A ang tricycle if ever na pwede nya yun batakin, ano po ang legal remedy na pwede gawin ni Mr. B?

Salamat po sa pagsagot :D
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Tricycle Mortgage 5 years 9 months ago #12987

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1. Pwede po.

2. Hindi po. Hanggang sa "estate"o sa naiwang pagmamay ari lang ni Mr. A and pwede habulin ni Mr. B.

3. Dumaan po kayo sa foreclosure proceedings.
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