Differences for each item.
1. Pledge vs Real Mortgage
Pledge
Involves delivery of movable or
document evidencing incorporeal rights.
Description of the thing pledged and the
date of pledge is written in a public
instrument.
Perfected through the delivery to the
creditor or third person by a common
agreement.
The remedy in case of debtor’s default is
to sell the thing through public auction.
2. Pledge vs Chattel Mortgage
Pledge
Description of the thing pledged and the
date of pledge is written in a public
instrument.
The purpose of the form is for
convenience.
Involves delivery of movable or
document evidencing incorporeal rights.
Perfected through the delivery to the
creditor or third person by common
agreement (real contract).
The remedy in case of debtor’s default is
to sell the thing through public auction.
3. Real Mortgage vs Chattel Mortgage
Real Mortgage
Involves delivery of immovable or real
rights over immovable property.
Document is recorded in the Registry of
Property.
Perfected by consent and delivery is not
necessary.
The remedy in case of mortgagor’s default
is foreclosure or intervention of the court
may be necessary.
Chattel Mortgage
It is recorded in the Chattel Mortgage
Register with an Affidavit of Good Faith.
The purpose of the form is the validity for
the registration and convenience for the
Affidavit of Good Faith.
Involves delivery of movable or personal
property.
Perfected by consent and delivery is not
necessary (consensual contract).
The remedy in case of mortgagor’s default
is foreclosure or intervention of the court
may be necessary.
 Real Mortgage
Real Contract
Involves delivery of immovable or real
rights over immovable property.
Document in recorded in the Registry of
Property.
The purpose of the form is for
convenience.
4. Real Mortgage vs Antichresis
Real Mortgage
Document in recorded in the Registry of
Property.
The purpose of the form is for
convenience.
Involves delivery of immovable or real
rights over immovable property.
Perfected by consent and delivery is not
necessary.
The remedy in case of mortgagor’s default
is foreclosure or intervention of the court
may be necessary.
Chattel Mortgage
Formal contract because of its validity.
Involves delivery of movable or personal
property.
It is recorded in the Chattel Mortgage
Register with an Affidavit of Good Faith.
The purpose of the form is the validity for
the registration in the Chattel Mortgage
Register; convenience for the Affidavit of
Good Faith.
Antichresis
The amount of the principal and of the
interest is specified in writing.
The purpose of the form is for validity.
Involves delivery of the fruits of the
immovable property.
Perfected by consent and property is
delivered to the creditor.
The remedy in case of debtor’s default
can be an action for performance or to
petition for the sale of real property as in
a foreclosure of mortgages.