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Philippine National Bank Vs. Court Of Appeals, Et Al.

PHILIPPINE NATIONAL BANK, petitioner, vs. THE COURT OF APPEALS and EPIFANIO DE LA CRUZ, respondents.

G.R. No. 98382 | 1993-05-17

D E C I S I O N


MELO, J.:

The notices of sale under Section 3 of Act No. 3135, as amended by Act No. 4118, on extra-judicial foreclosure of real estate mortgage are required to be posted for not less than twenty days in at least three public places of the municipality or city where the property is situated, and if such property is worth more than four hundred pesos, such notices shall also be published once a week for at least three consecutive weeks in a newspaper of general circulation in the municipality or city.

Respondent court, through Justice Filemon Mendoza with whom Justices Campos, Jr. and Aldecoa, Jr. concurred, construed...