What is the condition for deferring the sale of real property in case of insufficient revenues to pay the debt?
The sale of the real property may be deferred if the revenues from the property over a period of five years are insufficient to pay the debt, interest, fees, and expenses and if the Debtor has other sufficient income to pay the debt in installments during that period. Additionally, if the sale would cause great loss to the Debtor, the Execution Judge may decide to defer the sale and make the debt payable in installments over a period not exceeding the aforementioned period with appropriate guarantees. However, if the Debtor fails to pay any of the installments, the Execution Judge will continue with the procedures for the sale of the real property upon the application of the Creditor.