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Gracia R. Joven Vs. Court Of Appeals, Et Al.

GRACIA R. JOVEN, petitioner, vs. COURT OF APPEALS, HON. MANUEL A. PATRON, in his capacity as Presiding Judge of the RTC, Branch 59, Lucena City, Roberto Paguia & Fernando Lasala, respondents.

G.R. No. 80739 | 1992-08-02

D E C I S I O N

CRUZ, J.:

The petitioner was the registered owner of three parcels of land which she mortgaged in favor of the Development Bank of the Philippines. Upon the extrajudicial foreclosure of the mortgage due to her failure to pay her loan, the properties were sold at public auction to DBP as the highest bidder. A certificate of sale was issued and annotated on the certificate of title on November 17, 1982.

After the expiration of the redemption period, no redemption having been made by the petitioner, DBP sold the subject properties to Roberto Paguia, one of the herein private respondents, through a deed of sale executed on...