G.R. No. 192602 - Spouses Villaluz vs. Land Bank of the Philippines

Spouses Villaluz vs. Land Bank of the Philippines

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Title Supreme Court: Spouses Villaluz vs. Land Bank of the Philippines

Case: G.R. No. 192602

Decision Date: Jan 18, 2017

The Spouses Villaluz authorized Agbisit via SPA to mortgage their land; she delegated authority to Milflores Cooperative, which secured a loan from Land Bank. Default led to foreclosure. SC upheld the mortgage, ruling delegation valid, future loans as consideration, and additional collateral non-extinguishing.

mortgage contract

foreclosure sale

loan

Standard 15 min

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