FIRST SARMIENTO PROPERTY HOLDINGS, INC. v. PHILIPPINE BANK OF COMMUNICATIONS (PBCOM) G.R. No. 202836, June 19, 2018 Jurisdiction, Real Actions, Actions Incapable of Pecuniary Estimation [J. Leonen]
FACTS: First Sarmiento obtained from PBCOM a P40,000,000.00 loan, which was secured by a real estate mortgage over 1,076 parcels of land. The loan agreement was subsequently amended with the increase of the loan amount up to P100,000,000.00. Later, PBCOM filed a Petition for Extrajudicial Foreclosure of Real Estate Mortgage, claiming that it sent First… Read More FIRST SARMIENTO PROPERTY HOLDINGS, INC. v. PHILIPPINE BANK OF COMMUNICATIONS (PBCOM) G.R. No. 202836, June 19, 2018 Jurisdiction, Real Actions, Actions Incapable of Pecuniary Estimation [J. Leonen]