advice for legality of property ownership
1 advice for legality of property ownership on Wed Jan 09, 2013 9:29 pm
2 Re: advice for legality of property ownership on Thu Jan 10, 2013 12:07 am
Obligation derived from CONTRACT is enforceable and it is possible that the contract exist between the owner/mortgagor/vendor and the alleged Doctor who redeemed the mortgaged property from the Lending Institution, and the proposed withdrawal of said owner/vendor/mortgagor for the completion of sales transaction (house & lot) shall constitute a BREACH. However, if the price of house and lot is too low compared to the current selling price, and the doctor offered to buy merely with the intention of taking advantage of the price, the owner/vendor may demand a novation of contract to acquire a right price, and in case of disagreement, the court may choose the price therefor. No person shall be benefited at the expense of the other.
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