Article (25) of Law No. (14) of 2008 requires a creditor to serve the debtor with at least a thirty-day notice before starting foreclosure. This notice must be served through a Notary Public. Foreclosure procedures and the subsequent forced sale can…
Article (25) of Law No. (14) of 2008 requires a creditor to serve the debtor with at least a thirty-day notice before starting foreclosure. This notice must be served through a Notary Public. Foreclosure procedures and the subsequent forced sale can only commence if the debtor fails to pay or fulfill the conditions within this window. This grace period provides a final opportunity for the mortgagor to settle the debt and save their property from auction.
This is general information from the website library. Confirm current rules, fees and property details with the relevant authority before acting.
Ali Faizan Syed’s knowledge centre
Ask Ali about this question · Explore published properties · Browse all questions