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Romy Agag vs Alpha Financing Corp

ROMY AGAG,* petitioner, vs. ALPHA FINANCING CORPORATION, respondent.

G.R. No. 154826 | 2003-07-31

D E C I S I O N

YNARES-SANTIAGO, J.:

The rule that a purchaser or mortgagee of land is not required to look further than what appears on the face of the title does not apply to banks and other financial institutions.[1] These entities are required to exercise more care and prudence in dealing even with registered lands for their business is one affected with public interest.[2] The ascertainment of the status and condition of properties offered to it must be a standard and indispensable part of its operations.[3]

This is a petition for review under Rule 45 of the 1997 Rules of Civil Procedure assailing the April 30, 2002 decision[4] of...