Ganzon v Inserto; G.R. No. L-56450; 25 Jul 1983; 123 SCRA 713
FACTS: Petitioner Rodolfo Ganzon executed a deed of absolute sale of a parcel of land in favor of private respondents. Several months later, a deed of real estate mortgage was executed between the same parties to secure the payment by the private respondents of a promissory not in favor of petitioner. Private respondents filed a civil action against petitioners after Ganzon initiated extrajudicial foreclosure proceedings in accordance with the terms and conditions of the said mortgage. Respondent judge ordered the substitution of the mortgage lien with a surety bond. ISSUE(S): Whether or not the order of respondent judge violates the…