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Spouses Paderes v. Court of Appeals

Spouses RODRIGO PADERES and SONIA PADERES , Petitioners, versus The Hon. COURT OF APPEALS,[1] Hon. CARLOTA P. VALENZUELA, in her capacity as the Liquidator of Banco Filipino Savings and Mortgage Bank,[2] Respondents. Spouses ISABELO BERGARDO and JUANA HERMINIA BERGARDO, Petitioners, versus The Hon. COURT OF APPEALS,1 Hon. CARLOTA P. VALENZUELA, in her capacity as the Liquidator of Banco Filipino Savings and Mortgage Bank,2 Respondents.

G.R. No. 147074 | 2005-07-15

THIRD DIVISION
D E C I S I O N
 
CARPIO MORALES, J.:
 
By their Petition for review on certiorari under Rule 45 of the Rules of Court, petitioners spouses Rodrigo and Sonia Paderes and spouses Isabelo and Juana Bergado seek the reversal of the September 20, 2000 Decision[3] and February 16, 2001 Resolution of the Court of Appeals, which dismissed their original Petition and denied their Motion for Reconsideration, respectively.
 
On September 14, 1982, Manila International Construction Corporation (MICC) executed a real estate mortgage[4] over 21 registered parcels of land including the improvements thereon in favor of Banco...