Can a lender sell the property pledged by default lender?

In Philippines
Last Updated: Jan 26, 2024

The lender pledged her share of the inherited house to a borrower. Borrower defaulted in payments. The borrower has no other property.

Lawyer Answers

NARAG LAW OFFICE

NARAG LAW OFFICE

Jan 28, 2024

No. That is not allowed by law. 

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