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What is DBP Foreclosure Redemption Case Summary about?

The document summarizes two court cases regarding redemption prices after foreclosure by banks: 1) In the first case, the court ruled that under Executive Order 81, the redemption price for properties foreclosed by DBP is the remaining loan balance, not the auction purchase price. This overrides any law cited in the foreclosure process. 2) In the second case, the court found that while a property was foreclosed under Act 3135, the redemption price is set by the General Banking Act as the amount fixed by

Author

Tim Puertos

Language

EN