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Sps Robles vs CA

SPOUSES PRUDENCIO ROBLES AND SUSANA DE ROBLES, petitioners, vs. THE HONORABLE COURT OF APPEALS, SECOND LAGUNA DEVELOPMENT BANK AND SPOUSES NILO DE ROBLES And ZENAIDA DE ROBLES, respondents.

G.R. No. 128053 | 2004-07-10

D E C I S I O N

TINGA, J.:

This case once again puts into focus the distinction between redemption and repurchase of foreclosed property.

Before this Court is a Petition for Review on Certiorari, the subject of which is a Decision[1] of the Court of Appeals affirming in toto the Decision[2] of the Regional Trial Court of Laguna in a case for "Annulment of Certificate of Sale, Deed of Absolute Sale, Reconveyance, Damages and Preliminary Injunction" rendered in favor of the herein private respondents.

Prior to this controversy, petitioner spouses Prudencio and Susana de Robles obtained a loan of P48,000.00 from respondent Laguna...