G.R. No. 235020 - Bulatao vs. Estonactoc

Bulatao vs. Estonactoc

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Title Supreme Court: Bulatao vs. Estonactoc

Case: G.R. No. 235020

Decision Date: Dec 10, 2019

Zenaida mortgaged land for a P200,000 loan at 5% monthly interest, defaulted, and faced foreclosure. Courts ruled the interest excessive, reduced it to 12% annually, nullified the foreclosure, and limited the mortgage to her 3/4 share in the co-owned property.

bulatao

estonactoc

mortgage agreement

Very Long 32 min

END