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What is Prudential Bank vs Alviar: Mortgage Dispute about?

1) Respondents executed a real estate mortgage on their property in favor of Prudential Bank to secure a P250,000 loan. The mortgage contained a "blanket mortgage clause" securing future loans as well. 2) Respondents took out two additional loans (P382,680 and P545,000) from Prudential Bank secured by different collateral. 3) When respondents did not fully pay off their obligations, Prudential Bank sought to foreclose on the mortgaged property. Respondents sued, arguing the property secured only the ini

Author

Randy Santos

Language

EN