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What is Mortgage Validity Under PD 957 about?

This document is a concurring opinion from a case involving a mortgage on a condominium project. There is a conflict in jurisprudence as to whether failure to obtain regulatory approval renders the entire mortgage null or just the portion relating to the complainant. The opinion agrees with the view that the nullification should only apply to the interest of the complaining buyer, not the entire mortgage, as the buyer only has standing to challenge the mortgage as it relates to their unit. The mortgage and

Author

Ako Si Paula Monghit

Language

EN