Practice question
Explain why an ordinary nonbank judicial-foreclosure statement about equity of redemption cannot simply be applied to every bank foreclosure.
Legal references
- Rules of Court: https://lawphil.net/courts/rules/rc_1-71_civil.html Rule68 Sections2–3.
- RA8791: https://lawphil.net/statutes/repacts/ra2000/ra_8791_2000.html Section47 redemption amount and bank judicial foreclosure.
- Spouses Lontoc v Spouses Tiglao GR217860 January29,2024 MAIN: https://lawphil.net/judjuris/juri2024/jan2024/gr_217860_2024.html Equity and statutory rights distinguished.
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