Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
GOLDENWAY
MERCHANDISING
CORPORATION,
petitioner, vs. EQUITABLE PCI BANK, respondent.
Remedial Law Special Civil Actions Extrajudicial
Foreclosure of Mortgage The law governing cases of extrajudicial
foreclosure of mortgage is Act No. 3135, as amended by Act No.
4118.The law
_______________
** Designated Acting Member in lieu of Associate Justice Presbitero J.
Velasco, Jr., per Special Order No. 1430 dated March 12, 2013.
*** Per Special Order No. 1429 dated March 12, 2013.
*FIRST DIVISION.
440
440
441
442
443
444
445
446
447
448
IN OR
TO
REGULATE
ANNEXED
TO
THE
SALE
OF
1924.
15Now Section 28 of Rule 39, 1997 Rules on Civil Procedure.
SEC.28.Time and manner of, and amounts payable on, successive
redemptions notice to be given and filed.The judgment obligor, or
redemptioner, may redeem the property from the purchaser, at any time
within one (1) year from the date of the registration of the certificate of
sale, by paying the purchaser the amount of his purchase, with one per
centum per month interest thereon in addition, up to the time of
redemption, together with the amount of any assessments or taxes which
the purchaser may have paid thereon after purchase, and interest on such
last named amount of the same rate and if the purchaser be also a
creditor having a prior lien to that of the redemptioner, other than the
judgment under which such purchase was made, the amount of such other
449
450
Corporation, G.R. No. 91649, May 14, 1991, 197 SCRA 52, 68 and Yu Cong
Eng v. Trinidad, 47 Phil. 385 (1925).
19Id.
20Art. III, Sec. 10 of the 1987 Constitution reads:
451
451
452
properties used for residence and those used for business purposes. We
quote from the Record of the Senate during the session of September 14,
1999:
Senator Drilon. xxx
Maybe, the sponsor can consider, at the appropriate time, a provision
which would allow this oneyear redemption period by whatever liberal
provisions and which may be incorporated in cases
453
453
454
455
LeonardoDe
Castro,
Copyright2015CentralBookSupply,Inc.Allrightsreserved.