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What is Cua Lai Chu vs Laqui: Writ of Possession Case about?

1. Cua Lai Chu obtained a loan from Philippine Bank of Communication in 1994 and used property owned by Claro and Juanita Castro as security. They failed to repay the loan and the bank initiated an extrajudicial foreclosure. 2. In 2002, the bank completed the extrajudicial foreclosure sale and obtained the certificate of sale and title for the property. When the bank applied for a writ of possession after the redemption period lapsed, the petitioners opposed it. 3. The Court ruled that the writ of posse

Author

EM RG

Language

EN