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What is Equitable Mortgage vs. Registered Mortgage about?

Rodolfo Lanuza owned a house that he leased from Consolidated Asiatic Co. and sold to Maria Bautista Vda. de Reyes and Aurelia R. Navarro through a "Deed of Sale with Right to Repurchase." Later, Lanuza mortgaged the same house to Martin de Leon. The issue is whether the earlier unrecorded deed or equitable mortgage is inferior to the later registered mortgage. The court ruled that the earlier unrecorded deed, being really an equitable mortgage, is inferior to the later registered mortgage, as registration

Author

Gia Dimayuga

Language

EN