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What is Monzon v. Relova & Perez: Foreclosure Dispute about?

This case involves a dispute over the distribution of proceeds from an extrajudicial foreclosure sale between two sets of spouses (Sps. Relova and Sps. Perez) who each held a mortgage on separate properties from the debtor, and the foreclosure sale buyer (Addio Properties). The Court held that Act 3135 governing extrajudicial foreclosure, unlike Rule 68 for judicial foreclosure, does not entitle junior encumbrancers to the foreclosure sale balance. It remanded the case for the Sps. to clarify the nature of

Author

Isabel Doctolero

Language

EN