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Allied Banking Corporation Vs. Ruperto Jose H. Mateo, represented by Warlito Mateo, as Attorney-in-fact

ALLIED BANKING CORPORATION, Petitioner,versus RUPERTO JOSE H. MATEO, represented by WARLITA MATEO, as Attorney-in-Fact,Respondent.

G.R. No. 167420 | 2009-06-05

DECISION


PERALTA, J.:

Before the Court is a petition for review on certiorari filed by Allied Banking Corporation (petitioner) seeking to reverse the Decision[1] dated October 21, 2004, as well as the Order[2] dated February 10, 2005 of the Regional Trial Court (RTC), Branch 35, Santiago City, docketed as SCA No. 35-0145 for legal redemption with prayer for a temporary restraining order and preliminary injunction.

On February 19, 1996, Ruperto Jose Mateo (respondent) obtained a loan from petitioner in the amount of P950,000.00. To secure the payment of the loan, respondent executed in favor of petitioner a deed of real estate mortgage...