Solid Builders, Inc v.

China Banking Corporation

Doctrine:
Foreclosure of a real estate mortgage is not an irreparable damage that will
merit for the debtor-mortgagor the extraordinary provisional remedy of
Preliminiary Injunction
Rationale:
All is not lost for defaulting mortgagors whose properties were foreclosed.
The respondents will not be deprived outrightly of their property, under the
right of redemption. Moreover, in extrajudicial foreclosures, mortgagors have
the right to receive any surplus in the selling price