This case has been cited 1 times or more.
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2008-06-12 |
CARPIO, J. |
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| The Court reiterated this ruling in Home Bankers Savings and Trust Co. v. Court of Appeals[18] which involves a mortgage entered into by the same Trans-American Sales and Exposition that is a party in this case, thus:The CA did not err in affirming the decision of the Office of the President that HLURB has jurisdiction to declare invalid the mortgage contract executed between Garcia/TransAmerican and petitioner over the subject lots insofar as private respondents are concerned. It correctly relied on Union Bank of the Philippines vs. HLURB, et al. where we squarely ruled on the question of HLURB's jurisdiction to hear and decide a condominium buyer's complaint for: (a) annulment of a real estate mortgage constituted by the project owner without the consent of the buyer and without the prior written approval of the NHA; (b) annulment of the foreclosure sale; and (c) annulment of the condominium certificate of title that was issued to the highest bidder at the foreclosure sale, x x x | |||||