Professional Documents
Culture Documents
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*THIRD DIVISION.
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xxxx
Balance of Principal P
Add: Interest Due 9,551,827.64 1,417,761.24
Late Payment 155,546.25
Charges 0.00 0.00
MRI 155,817.23
Fire Insurance
Foreclosure
Expenses
Subtotal P 11,280,952.36
Less: Unapplied Payment 908,241.01
Total Amount Due As Of 10,372,711.35
08/07/96
(Auction Date)
Add: Attorneys Fees 1,555,906.70
(15%)
Liquidated 1,555,906.70
Damages
(15%)
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Interest on P 1,207,772.58
10,372,
711.35 from 08/07/96
to 04/07/97 (243 days)
at 17.25% p.a.
x x x x
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Asset Acquired
Expenses:
Documentary Stamps 155,595.00
Capital Gains Tax 518,635.57
Foreclosure Fee 207,534.23
Registration and 23,718.00
Filing Fee
Addl. Registration & 660.00
Filing 906,142.79
Fee
Interest on P
906,142.79 from 105,509.00
08/07/96 to 04/07/97
(243 days)
at 17.25% p.a.
Cancellation Fee
300.00
Total Amount Due As P15,704,249.12
Of 04/0
7/97
(Subject to Audit)
x x x x
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4Id., at p. 18.
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the amount due under the mortgage deed, as the case may
be, with interest thereon at the rate specified in the
mortgage, and all the costs, and judicial and other
expenses incurred by the bank or institution concerned by
reason of the execution and sale and as a result of the
custody of said property less the income received from the
property. x x x x (Emphasis supplied.)
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15Id., at p. 50.
16Id., at p. 45.
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20Spouses Alfredo & Imelda Diaz v. BIR, C.T.A. Case No. 6244, March
5, 2003.
21De Leon and De Leon, Jr., supra, Vol. 2, p. 540.
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