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APOLONIA SANTIAGO v. ANGELA DIONISIO ET AL.

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GR No. 102696*
2001-07-12
ALBERTO LOOYUKO v. CA
KAPUNAN, J.
Such equity of redemption does not constitute a bar to the registration of the property in the name of the mortgagee. Registration may be granted in the name of the mortgagee but subject to the subordinate lien holders' equity of redemption, which should be exercised within ninety (90) days from the date the decision becomes final.[28] This registration is merely a necessary consequence of the execution of the final deed of sale in the foreclosure proceedings. Consequently, there is no merit in Looyuko et al.'s contention that the Manila RTC, which was not acting as a land jurisdiction court, had no authority to order the cancellation of TCT No. 242. For the same reason, neither does the submission of the Gutangs that the foreclosure proceedings was a collateral attack on their TCT deserve any credence.