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Felix Camitan, et al. vs. Court of Appeals, et al.

FELIX CAMITAN, FRANCISCO CAMITAN, SEVERO CAMITAN and VICTORIA CAMITAN, Petitioners, versus THE HONORABLE COURT OF APPEALS and THE FIDELITY INVESTMENT CORPORATION, Respondents.

G.R. No. 128099 | 2006-12-20

THIRD DIVISION
 
D E C I S I O N 
 
Tinga, J.: 
 
On 13 December 1967, the spouses Mateo Camitan and Lorenza Alcazar (spouses Camitan) sold to Fidelity Investment Corporation (respondent) a parcel of land covered by Transfer Certificate of Title (TCT) No. T-(11982)T-3188 located in Barangay Maunong, Calamba, Laguna. Upon the execution of the Deed of Absolute Sale, the spouses Camitan delivered to respondent corporation (respondent) the owner's duplicate certificate of title (Owner's Copy). From then on, respondent has been paying the real estate taxes due on the property and has remained in actual physical...