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Luisa Guanco etc. vs. Isidro Antolo

LUISA GUANCO, assisted by her husband, LEONARDO GUANCO, Petitioner, versus ISIDRO ANTOLO, Respondent.

G.R. No. 150852 | 2006-07-31

FIRST DIVISION

D E C I S I O N 

CALLEJO, SR., J.: 

This is a petition for review of the Decision[1] of the Court of Appeals (CA) in CA-G.R. CV No. 55863 reversing and setting aside the decision of the Regional Trial Court (RTC), Branch 11 of Antique, in Civil Case No. 2150, as well as the CA resolution denying the motion for reconsideration thereof. 

Isidro Antolo, a resident of Funda, Hamtic, Antique, applied for a P600.00 loan from the Rural Bank of Sibalom (RBS) (Antique), Inc.[2] To secure payment thereof, Antolo executed a Real Estate Mortgage[3] on July 19, 1976 over a parcel of land covered by Transfer Certificate of...