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Felicidad Canque, et al. vs. Court of Appeals, et al.

THE HEIRS OF FELICIDAD CANQUE namely: SURVIVING SPOUSE MARCELINO and children MARIANO, LEONILO, PERFECTA, MEXIQUELA, EMILIO, MARCELINO JR., ALEJANDRO, the Heirs of JESUS and ADRIANO, all surnamed CANQUE, petitioners, vs. COURT OF APPEALS THE RURAL BANK OF MATANAO (DAVAO DEL SUR), INC. and/or CONRADO ANTONIO, respondents.

G.R. No. 119184 | 1997-07-21

D E C I S I O N


PANGANIBAN, J.:

In deciding this appeal, this Court reiterates the dictum that the mortgagor of titled real estate acquired under the Public Land Act but foreclosed by a rural bank, may redeem said property within two (2) years from the registration of the sheriff's certificate of sale; and if the said mortgagor fails to exercise such right, he or his heirs may still repurchase the land within five years from the expiration of the two-year redemption period. It also finds occasion to remind lower courts to keep abreast of decisions of this Court and apply them in resolving identical cases before them.

Statement of the...