[T]the guy Courtroom finds very high the fresh new entryway by [BPI Family members’] witness that appraised property value the foreclosed home is in fact A few Mil Half a dozen Hundred SEVENTY[-]7 THOUSAND 200 SEVENTY PESOS (P2,678,) but [BPI Family relations] bidded just for 80% of one’s well worth just like the a point of bank plan (TSN Afredo Rason, , p. 17). Put differently, the true ount regarding Several Mil Five-hundred Ninety[-]Seven THOUSAND Four hundred Fifty[-]One or two PESOS And you may EIGHTY CENTAVOS (P2,598,).

Under so it situation, it would be inequitable so you’re able to nonetheless offer the brand new [BPI Family members’] prayer to have lack because have been around in impact allowing it in order to unjustly enrich alone at the expense of the fresh [partners Avenido].

The lower Judge ERRED In the Maybe not Carrying [The newest Spouses AVENIDO] Prone to [BPI Family] To have Scarcity of The mortgage Obligation.

A cautious scrutiny of one’s arguments shown in the event in the club productivity zero generous and you will convincing reason behind us to depart on governing discovered because of the trial courtroom x x x.

Below such as deals, that are preferred throughout the Philippines and you can someplace else, the brand new credit associations is actually able to wanted consumers to include assets, including real estate, from a lot higher worthy of as compared to wished loan amount, as guarantee

Indubitably, mortgagors whose services a foreclosed and so are purchased of the mortgagee once the large bidder on auction sales try decidedly in the a higher drawback once the almost usually, mortgagors forfeit its services from the an excellent losses because they’re purchased at an affordable prices from the mortgagee themselves, exactly who ordinarily bids for the no more than their borrowing or even the balance thereof from the auction income.

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