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Marylou B. Tolentino, M.D. Vs. Shenton Realty Corp.

MARYLOU B. TOLENTINO, M.D., Petitioner, versus SHENTON REALTY CORP., Respondent.

G.R. No. 162103 | 2009-06-19

D E C I S I O N


CARPIO, J.:

The Case

This is a petition for review[1] of the Resolution dated 28 October 2003 and the Order dated 29 January 2004 of the Regional Trial Court of Mandaluyong City, Branch 213, in LRC Case No. MC-03-237.

The Facts

On 27 November 1996, petitioner obtained a P3,700,000 loan from the Bank of Southeast Asia, secured by a real estate mortgage over petitioner's property (property) covered by TCT No. 11637.[2] Upon petitioner's default in the payment of her obligation, the bank instituted extra-judicial foreclosure of real estate mortgage under Act 3135,[3] as amended by Act 4118.[4] During the public auction...