Remedial Law, 2022 Bar — Question I-1

ESSAY

Lebron, a Makati resident, obtained a Php 350,000.00 loan from a bank secured by a real estate mortgage (REM) over his lot located in Quezon City with an assessed value of Php 500,000.00. Lebron failed to pay despite written demands. The bank intends to file an action for judicial foreclosure of the REM. Where should the action for judicial foreclosure of the REM be filed and in which court? Explain briefly.

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