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Rural Bank of Para?aque, Inc. Vs. Isidra Remolado

RURAL BANK OF PARA?AQUE, INC., petitioner, vs. ISIDRA REMOLADO and COURT OF APPEALS, respondents.

G.R. No. L-62051 | 1985-03-18

D E C I S I O N


AQUINO, J.:

This case is about the repurchase of mortgaged property after the period of redemption had expired. Isidra Remolado, 64, a widow, and resident of Makati, Rizal, owned a lot with an area of 308 square meters, with a bungalow thereon, which was leased to Beatriz Cabagnot (86-7, Record on Appeal).

The lot is located at 41 Molave Street, United Parañaque Subdivision, Barrio Ibayo, Parañaque, Rizal. In 1966 she mortgaged it to the Rural Bank of Parañaque, Inc. as security for a loan of P15,000. She paid the loan.

On April 17, 1971 she mortgaged it again to the bank. She eventually secured...