G.R. No. 162333 - Teoco vs. Metropolitan Bank and Trust Co.

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G.R. No. 162333: Teoco vs. Metropolitan Bank and Trust Co.

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Title Supreme Court: Teoco vs. Metropolitan Bank and Trust Co.

Case: G.R. No. 162333

Decision Date: Dec 22, 2008

Spouses Co mortgaged properties to Metrobank, foreclosed, and sold. Brothers Teoco intervened, claimed redemption, and SC upheld their right to redeem based on foreclosure price, allowing Metrobank to re-foreclose for other obligations.

redemption

foreclosure

mortgage contract

Long 27 min

1.6x of typical case length

END