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Equatorial Realty Dev vs Sps Desiderio & Edarlina Frogozo

EQUATORIAL REALTY DEVELOPMENT, INC., Petitioner, versus SPS. DESIDERIO & EDARLINA FROGOZO, and the HON. COURT OF APPEALS, Respondents.

G.R. No. 128563 | 2004-03-25

D E C I S I O N

Tinga, J.:


Spouses Zosimo and Benita Asis were the owners of a parcel of land, and the improvements thereon, located in Manila, and covered by Transfer Certificate of Title (TCT) No. 119203.

On January 17, 1983, spouses Desiderio and Edarlina Frogozo, private respondents herein, caused the annotation of an adverse claim, Entry No. 1245,[1] at the back of said TCT No. 119203.

Three years later, on August 28, 1986, petitioner Equatorial Realty Development, Inc. (ERDI) levied on the property, annotating at the back of the same TCT a notice of levy under Entry No. 964-65.

On February 12, 1988, the spouses Asis and the...