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What is Union Bank Foreclosure Case Ruling about?

The spouses Bernardo obtained a loan from Union Bank secured by their family home. They defaulted and Union Bank foreclosed on the property. The spouses filed a case claiming improper foreclosure procedures but later entered a compromise agreement to buy back the property. They then defaulted on the compromise payments. Union Bank sought to consolidate its title through a writ of execution. The lower court initially granted relief to the spouses but the appellate court reversed, finding the compromise agree

Author

Rizza Angela Mangalleno

Language

EN