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Annulment of Mortgage: Pecuniary Issues by Prime Dacanay is a document available to read on EtoBox.

What is Annulment of Mortgage: Pecuniary Issues about?

This case involves a dispute over a real estate mortgage. First Sarmiento Property Holdings obtained loans from Philippine Bank of Communications (PBCOM) totaling P100 million, secured by a mortgage over 1,076 parcels of land. PBCOM later initiated foreclosure proceedings, claiming First Sarmiento failed to pay. First Sarmiento filed a complaint to annul the mortgage, arguing it never received the loan proceeds, but the court dismissed it for lack of jurisdiction, saying it was a real action. First Sarmient

Author

Prime Dacanay

Language

EN