Legal Insights
Plain-language guides and case briefs on Philippine law — researched from the firm's law library of 184,000+ statutes, Supreme Court decisions, and agency issuances, and written so non-lawyers can understand and act on them.
Jul 29, 2024foreclosureannulment of foreclosure salereal estate mortgagebank fiduciary dutyoverpaymentwrit of possession
When Can a Bank’s Foreclosure Be Annulled? Overpayment and the Duty to Account
The Supreme Court clarifies when a bank’s foreclosure may be annulled due to overpayment or failure to render a full accounting of loan payments.
Writ of Possession Annulment Case Does NOT Halt Ex Parte Issuance
The Supreme Court affirms that a pending annulment of foreclosure sale does not stop the ex parte issuance of a writ of possession.