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Aida Dizon vs CA and Elizabeth Santiago

AIDA G. DIZON, petitioner, vs. COURT OF APPEALS and ELIZABETH SANTIAGO, respondents.

G.R. No. 116854 | 1996-11-19

R E S O L U T I O N

FRANCISCO, J.:

This is an ejectment suit.

On October 23, 1990, petitioner Aida Dizon mortgaged her house and lot[1] to Monte de Piedad Bank. Unable to pay her obligation to the bank, the latter foreclosed the said property. Later, upon inquiry, Dizon was told by the bank that she can repurchase her property. She then asked private respondent Elizabeth Santiago to repurchase said property. The latter agreed. On May 28, 1987, Elizabeth paid the bank P550,000.00.[2] The next day, Dizon signed a Deed of Absolute Sale (Exh. B) over the said property in favor of Elizabeth and the latter's brother and sisters (hereinafter...