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Metropolitan Bank and Trust Company, Inc. Vs. Eugenio Penafiel etc.

METROPOLITAN BANK AND TRUST COMPANY, INC., Petitioner, versus EUGENIO PE?AFIEL, for himself and as Attorney-in-Fact of ERLINDA PE?AFIEL, Respondents.

G.R. No. 173976 | 2009-02-27

DECISION


NACHURA, J.:

This is a petition for review on certiorari of the Decision[1] of the Court of Appeals (CA) dated July 29, 2005 and Resolution dated July 31, 2006. The assailed decision nullified the extrajudicial foreclosure sale of respondents' properties because the notice of sale was published in a newspaper not of general circulation in the place where the properties were located.

Respondent Erlinda Peñafiel and the late Romeo Peñafiel are the registered owners of two parcels of land covered by Transfer Certificate of Title (TCT) No. (350937) 6195 and TCT No. 0085, both issued by the Register of Deeds of...