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Lullete S. Ko, et al. vs. Philippine National Bank, Laoag Branch, et al.

LULLETE S. KO and ARLETTE SIMPLICIANO BASILIO, Petitioners, vs. PHILIPPINE NATIONAL BANK, Laoag Branch, and the REGISTER OF DEEDS OF ILOCOS NORTE, Respondents.

G.R. No. 169131-32 | 2006-01-20


FIRST DIVISION

D E C I S I O N

YNARES-SANTIAGO, J.:

This is a petition for review on certiorari assailing the April 27, 2005 Order[1] of the Regional Trial Court of Laoag City, Branch 14, in Civil Case No. 12523-14 dismissing petitioners’ complaint, and the July 28, 2005 Resolution[2] denying petitioners’ motion for reconsideration.

The case stemmed from an action filed by petitioners in the trial court for Annulment of Mortgage, Extra-judicial Foreclosure Sale, Annulment of Transfer Certificate of Title Nos. T-21064 and T-21065 and Deed of Sale with a Prayer for Preliminary Injunction and Restraining Order. The complaint alleged that the...