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New Rural Bank of Gulmba (N.E.) Inc. Vs. Fermina S. Abad & Rafael Susan

NEW RURAL BANK OF GUIMBA (N.E.), INC., Petitioner, versus FERMINA S. ABAD and RAFAEL SUSAN, Respondents.

G.R. No. 161818 | 2008-08-20

D E C I S I O N


PUNO, C.J.:

This is a petition for review on certiorari filed by NEW RURAL BANK OF GUIMBA (N.E.), INC. (BANK) against respondent spouses Fermina S. Abad (Fermina) and Rafael Susan under Rule 45 of the 1997 Rules of Civil Procedure.

The facts are as follows:

Respondents are the owners of a parcel of land, located in the Municipality of Guimba, Nueva Ecija, with an area of 2,459 square meters, and listed in the Register of Deeds of Nueva Ecija under TCT No. NT-163716. On February 19, 1982, respondents obtained from the petitioner bank a loan with a face value of P4,050.00. As security, the subject lot was mortgaged to...