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Prudential Bank vs. Magcale: Mortgage Case by Jf Maneja is a document available to read on EtoBox.

This document summarizes a civil case regarding the validity of deeds of real estate mortgage executed by respondents Fernando and Teodula Magcale in favor of petitioner Prudential Bank. The respondents secured loans from the bank and mortgaged their residential building and lot. After respondents failed to pay, the bank foreclosed on the property. The court later declared the mortgages null and void. The Supreme Court ruled that a valid mortgage can be constituted on a building, which is considered an immo

Author

Jf Maneja

Language

EN