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The RTC dismissed a complaint filed by HealthTech and Paglaum assailing the foreclosure of mortgaged properties located in Cebu by Union Bank. The CA affirmed. Petitioners argue Makati is the proper venue based on a restructuring agreement. The SC held that an action to annul a foreclosure is a real action that must be filed where the property is located per the rules. The mortgage contracts and restructuring agreement contained exclusive venue stipulations in Makati, thus the rules on venue did not apply a

Author

Lincy Jane Agustin

Language

EN