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Guadalupe Reyes vs CA and Juanita Raymundo

GUADALUPE S. REYES, petitioner, vs. COURT OF APPEALS and JUANITA L. RAYMUNDO, respondents.

G.R. No. 127608 | 1999-09-30

D E C I S I O N


BELLOSILLO, J.:

Petitioner Guadalupe S. Reyes sold to respondent Juanita L. Raymundo on 21 June 1967 one-half (1/2) of a 300 - square meter lot located at No. 4-F Calderon St., Project 4, Quezon City, denominated as Lot 8-B, for P10,000.00. Consequently, a new title, TCT No. 119205, was issued for the whole lot in the name of original owner Guadalupe S. Reyes and vendee Juanita L. Raymundo in equal shares.

Thereafter respondent was granted a P17,000.00 loan by the Government Service Insurance System (GSIS), where she was employed as records processor, with her one-half (1/2) share of the property as collateral. On 24...