Tag: Metrobank Foreclosure
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Supreme Court Slams Metrobank: Foreclosure Voided Over Missing PHP 12M in Loan Payments
The Supreme Court of the Philippines (SC) has struck down the foreclosure sale of a mortgaged property initiated by Metropolitan Bank and Trust Company (Metrobank), citing the bank’s failure to properly account for loan payments made by the borrowers. In a landmark ruling penned by Associate Justice Mario V. Lopez, the SC’s Second Division sided…
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