G.R. No. 177783 - Heirs of Ignacio vs. Home Bankers Savings and Trust Co.

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G.R. No. 177783: Heirs of Ignacio vs. Home Bankers Savings and Trust Co.

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Title Supreme Court: Heirs of Ignacio vs. Home Bankers Savings and Trust Co.

Case: G.R. No. 177783

Decision Date: Jan 23, 2013

Ignacio defaulted on a mortgage, leading to foreclosure. He claimed a verbal repurchase agreement with the bank, which denied it. The bank sold the properties to third parties. Ignacio sued for reconveyance, but courts ruled no perfected repurchase contract existed, upholding the buyers as innocent purchasers for value.

reconveyance

properties

contract of repurchase

Long 21 min

END