This case has been cited 1 times or more.
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2011-11-28 |
DEL CASTILLO, J. |
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| We are not impressed. True, when a mortgagee relies upon what appears on the face of a Torrens title and lends money in all good faith on the basis of the title in the name of the mortgagor, only thereafter to learn that the latter's title was defective, being thus an innocent mortgagee for value, his or her right or lien upon the land mortgaged must be respected and protected.[86] The rationale for this ruling is, if the rule were otherwise public confidence in the certificate of title would be impaired as everyone dealing with property registered under the Torrens system would have to inquire on the regularity of its issuance. | |||||