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Eligio P. Mallari Vs. Banco Filipino Sabings & Mortage Bank

ELIGIO P. MALLARI, Petitioner, BANCO FILIPINO SAVINGS & MORTGAGE BANK, Respondent.

G.R. No. 157660 | 2008-08-29

D E C I S I O N


AUSTRIA-MARTINEZ, J.:

This resolves the Petition for Review on Certiorari under Rule 45 of the Rules of Court, seeking the reversal of the Court of Appeals (CA) Decision[1] dated March 14, 2003, dismissing the petition for certiorari filed by Eligio P. Mallari (petitioner).

The antecedent facts are as follows.

Petitioner obtained a loan from Banco Filipino Savings and Mortgage Bank (respondent) and as security therefor, he executed a Deed of Mortgage over a parcel of land located in Pampanga. Due to his failure to pay the loan, respondent extra-judicially foreclosed the mortgaged property. Respondent was the highest...