3 Important Things about Real Mortgages

Here are three (3) very important things to remember when studying the law on real mortgage. As simple as they are, they mostly get forgotten by law students.

[1] Mortgagor must be the owner of the property mortgaged.
[2] Mortgage lien is a right in rem which follows property.
[3] Notice of lis pendens cannot prejudice mortgage previously registered.

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