Problem: The title was already released by the Registry of Deeds, with the buyer as the new owner of the property and it is already in the possession of PAG-ibig. However, the buyer informed us that there will be a delay in the payment of the balance, as agreed in the promissory note due to financial problems.
Question: (1) do i still have a right to my property considering that the buyer is not yet fully paid? (2)what legal steps can i take to oblige the buyer to comply with the promissory note and pdc's she issued? (3) Is the notarized promissory note and PDC's still significant? As commonly said, nobody goes to jail for debt.. (4) what conditions can I impose incase they will not be able to pay me the balance?