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Sunshine Finance And Investment Corp. Vs. Intermediate Appellate Court, Et Al.

SUNSHINE FINANCE AND INVESTMENT CORPORATION, petitioner, vs. THE INTERMEDIATE APPELLATE COURT AND RODOLFO RUBIDIZO AND ALFREDO DE GUZMAN, respondents. Juanitas, Almoro & Lim-Verano for petitioner. Public Attorney's Office for private respondents.

G.R. Nos. 74070-71 | 1991-10-28

D E C I S I O N


CRUZ, J.:

The petitioner claims the rights of an innocent purchaser for value of registered land and asks for the reversal of the decision of the respondent court denying it such status.

The subject of the dispute is a parcel of land with a total area of 222 square meters and covered by OCT No. 114 in the name of Benito Vega. Vega sold the property to the spouses Romeo Nolasco and Erlinda de Belen, to whom TCT No. 22198 was issued on March 26, 1980. On February 13, 1981, they mortgaged the land to Sunshine Finance and Investment Corporation to secure a loan of P52,466.34. The loan not having been paid, the mortgage was...