Practice question
A judgment declares the apparent sale an equitable mortgage and orders payment on a collection counterclaim. It is not a foreclosure judgment and fixes no foreclosure redemption period. The creditor invents an implied three-month redemption deadline and claims ownership automatically vested when it passed. Under Lontoc, which is correct?
- That invented deadline and automatic ownership do not follow from the judgment’s character
- Every collection judgment automatically includes foreclosure
- All equitable mortgages expire after three months
- A creditor may privately add dispositive relief
- A declaration of equitable mortgage is necessarily a completed foreclosure sale
Legal references
- Civil Code RA386: https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html Articles1602–1604,2088.
- Lambo GR269085 February2026 MAIN: https://lawphil.net/judjuris/juri2026/feb2026/gr_269085_2026.html Principal debt and equitable mortgage.
- Spouses Lontoc GR217860 January29,2024 MAIN: https://lawphil.net/judjuris/juri2024/jan2024/gr_217860_2024.html Scope of relief and foreclosure distinction.
- GR244422 July2022 MAIN: https://lawphil.net/judjuris/juri2022/jul2022/gr_244422_2022.html Mortgagee remedy.
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