About this document
Redemption Rights in Foreclosure Cases by Jaz Sumalinog is a document available to read on EtoBox.
The plaintiff spouses obtained loans secured by mortgages on their property from the defendant bank. When the loans became due and the spouses did not pay, the bank foreclosed on the property. The bank was the highest bidder at auction and obtained a new title, but the redemption period was still ongoing. During this period, the spouses attempted to take out a new loan from the bank secured by another mortgage on the same property. The Court of Appeals invalidated this new mortgage. The Supreme Court ruled
- Author
- Jaz Sumalinog
- Language
- EN