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Sps. Rogelio Marcelo & Milagros Vs. Philippine Commercial International Bank (PCIB)

SPS. ROGELIO MARCELO & MILAGROS MARCELO, Petitioners, versus PHILIPPINE COMMERCIAL INTERNATIONAL BANK (PCIB), Respondent

G.R. No. 182735 | 2009-12-04

D E C I S I O N


CHICO-NAZARIO, J.:

Debts are nowadays like children begot with pleasure, but brought forth in pain.

Moliere

Before this Court is a Petition for Review on Certiorari, under Rule 45 of the Rules of Court, filed by spouses Rogelio Marcelo and Milagros Marcelo (spouses Marcelo) assailing the Decision[1] dated 31 January 2007 and the Resolution[2] dated 29 August 2007 of the Court of Appeals in CA-G.R. CV No. 82424, upholding the validity of the extra-judicial foreclosure proceedings initiated by Philippine Commercial International Bank (PCIB) and the subsequent public auction sale conducted against their properties.

The...