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What is Suico Rattan & Buri Interiors, Inc. vs. Court of Appeals about?

The case involves Suico Rattan & Buri Interiors, Inc. and the Suico spouses who defaulted on loans from Metrobank, leading to an extra-judicial foreclosure of their mortgaged properties. The court ruled that the Real Estate Mortgage executed in 1991 secured all obligations of the petitioners, including those incurred prior to the mortgage agreement, and allowed Metrobank to recover the deficiency amount after the foreclosure sale. The decision of the Court of Appeals was partially reversed, reinstating the

Author

pimathebel

Language

EN