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Question about Equitable mortgage (just for homework please help me) :(

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J

justforhomework

Junior Member
What is the name of your state (only U.S. law)?
1. the owners of a real property located at bluehills borrowed P2,500,000.00 from janet to help finance the campaign of Johnny who is one of the owners. The property had a value of P10, 000,000.00 the mortgagee was able to transfer the property under his name. he then sold it to delfin. The mortgagors filed a suit to nullify the sale to janet contending the sale was a mere equitable mortgage. Delfin contented that he is a buyer in good faith and for value as he relied merely uponn the face of title of janet, is the contract an equitable mortgage? Explain.

can you just help me? please
 


Ohiogal

Ohiogal

Queen Bee
justforhomework said:
What is the name of your state (only U.S. law)?
1. the owners of a real property located at bluehills borrowed P2,500,000.00 from janet to help finance the campaign of Johnny who is one of the owners. The property had a value of P10, 000,000.00 the mortgagee was able to transfer the property under his name. he then sold it to delfin. The mortgagors filed a suit to nullify the sale to janet contending the sale was a mere equitable mortgage. Delfin contented that he is a buyer in good faith and for value as he relied merely uponn the face of title of janet, is the contract an equitable mortgage? Explain.

can you just help me? please
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NOpe. We don't do homework. You are expected to do your own homework.
 
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