2013 (Remedial Law) Bar Exam Questions: Multiple Choice Question 6

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When the court renders judgment in a judicial foreclosure proceeding,when is the mortgaged property sold at public auction to satisfy the judgment? (1%)

(A) After the decision has become final and executory.

(B) At any time after the failure of the defendant to pay the judgment amount.

(C) After the failure of the defendant to pay the judgment amount within the period fixed in the decision, which shall not be less than ninety (90) nor more than one hundred twenty (120) days from entry of judgment.

(D) The mortgaged property is never sold at public auction.

(E) The mortgaged property may be sold but not in any of the situations outlined above.

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