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MBTC vs. Wong

METROPOLITAN BANK AND TRUST COMPANY, petitioner, vs. FRANCISCO Y. WONG, respondent.

G.R. No. 120859 | 2001-06-26

D E C I S I O N
 


SANDOVAL-GUTIERREZ, J.:

It is bad enough that the mortgagor has no choice but to yield his property in a foreclosure proceeding. It is infinitely worse, if prior thereto, he was denied of his basic right to be informed of the impending loss of his property. This is another instance when law and morals echo the same sentiment.

This is a petition for review on certiorari seeking the reversal and setting aside of the decision dated June 13, 1994 and resolution dated June 14, 1995 of the Court of Appeals in CA-G.R. CV No. 35615 entitled "Francisco Y. Wong versus Metropolitan Bank and Trust Company."[1]

The essential...