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Spouses Vicente Yu and Demetria Lee-Yu vs. Philippine Commercial International Bank

SPOUSES VICENTE YU AND DEMETRIA LEE-YU, Petitioners, vs. PHILIPPINE COMMERCIAL INTERNATIONAL BANK, Respondent.

G.R. No. 147902 | 2006-03-17

 
 
FIRST DIVISION
D E C I S I O N 
 
AUSTRIA-MARTINEZ, J.: 
 
Before the Court is a Petition for Review on Certiorari of the Decision[1] dated November 14, 2000 of the Court of Appeals (CA) in CA-G.R. SP No. 58982 and the CA Resolution dated April 26, 2001, which denied petitioner's Motion for Reconsideration. 
 
The factual background of the case is as follows: 
 
Under a Real Estate Mortgage dated August 15, 1994[2] and Amendments of Real Estate Mortgage dated April 4, 1995[3] and December 4, 1995,[4] spouses Vicente Yu and Demetria Lee-Yu (petitioners) and spouses Ramon T. Yu and Virginia A....