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Philippine National Bank Vs. Gregorio B. Maraya, Jr. and Wenefrida Maraya

PHILIPPINE NATIONAL BANK, Petitioner, versus GREGORIO B. MARAYA, JR. and WENEFRIDA MARAYA, Respondents.

G.R. No. 164104 | 2009-09-11

D E C I S I O N


CARPIO, J.:

The Case

This is a petition for review on certiorari[1] assailing the Decision[2] dated 4 March 2004 and the Resolution[3] dated 7 June 2004 of the Court of Appeals (appellate court) in CA-G.R. CV No. 59109. The appellate court affirmed the trial court's decision[4] in Civil Case No. R-2804 dated 12 August 1997 and declared void the extrajudicial foreclosure sale of the land of Gregorio B. Maraya, Jr. and Wenefrida Maraya (the spouses Maraya) in favor of petitioner Philippine National Bank (PNB) and the corresponding certificate of sale issued by the sheriff for failure to publish the notice of sale as...