The concept of a real estate mortgage is not new to Pinoy Entrepreneurs, as this is generally required by lending institutions to secure a loan or debt. Let's say the Pinoy Entrepreneur takes out a loan that is secured by a real estate mortgage (usually shortened to "REM") and, unfortunately, business is not doing well. The person who executes the real estate mortgage (known as the "mortgagor") can't pay the debt, the and so the mortgagee-creditor proceeds to foreclose the property. Anyone, including the debtor and the creditor, could make a bid during the foreclosure. Now, if the mortgagee-creditor makes a bid in excess of the debt, will the mortgagee-creditor be liable to pay the excess amount?

(Instead of creating a separate introduction for this useful resource, you could read the general introduction of WikiPilipinas through its About page, partly reproduced here.) WikiPilipinas is an online, free content encyclopedia on the Philippines. In addition to encyclopedic entries on history, culture, sports, politics, and other knowledge areas, WikiPilipinas also features the following components:

One of the steps in registering a company with the Securities and Exchange Commission (SEC), as discussed in a previous post ("How to Register a Corporation with the SEC"), is the verification and reservation of the proposed corporate name. This is done online, which means the process is convenient for the Pinoy Entrepreneurs who would want to register a corporation, a preferred form of business.

Prices of gas (gasoline, diesel and other variations with high-octane ratings) are skyrocketing. The constant increase of gas prices is, to say the least, frustrating. When you pass by the gas station in the morning, you'll often discover that prices were raised while you were sleeping. Pinoy Entrepreneurs, and all consumers for that matter, are contantly faced with balancing an almost stagnant income with a constant ly-increasing fuel costs.

In transactions involving properties owned by married persons, the consent of both spouses is generally required. For instance, if a married Pinoy Entrepreneur signs a real estate mortgage to guarantee a loan application to be used as business capital, the signature of his/her wife/husband is required by the bank or other lending institutions. Why?

Buy real property instead of a car, someone said when I consulted him before I bought my first car years back. The value of real property appreciates, as compared to a car which is pure expense from the moment you buy it, through all repairs and maintenance. Worse, it depreciates in value. I decided to buy a car, because I figured it's a necessary tool in my work and business, which would then hopefully allow me to earn enough money to buy a house and lot.

A recent query concerns the liability of incorporators (incorporators are basically the stockholders who created the company, with their names appearing in the articles of incorporation). We briefly touched on the liability of incorporators in our previous posts: A Smart and Pratical Guide for New Entrepreneurs and Forms of Business: Sole Proprietorship, Partnership, Corporation. In incorporating a business for our clients (to read how to register a corporation, click here), we sometimes need to address the same concern or query.

You've heard of the phenomenal business success of entrepreneurs in the internet world. The most successful, of course, are Sergey Brin and Larry Page, founders of Google.com. When you use "google" as a verb in lieu of "search", you know that the site has done something right. If you add the billions of dollars earned by Google (it reported $5.19 billion of revenues for the March 31, 2008 quarter), then you know they have done some really, really right. There are a number of Filipinos who are successful online and one of them is Jovel Cipriano, an ex-IBM executive who decided to sell Filipino delicacies through a website: pinoydelikasi.com.