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Emmanuel C. Villanueva vs. Cherdan Lending Investors Corporation

EMMANUEL C. VILLANUEVA, Petitioner,vs.CHERDAN LENDING INVESTORS CORPORATION, Respondent.

G.R. No. 177881 | 2010-10-13

SECOND DIVISION
D E C I S I O N
 
NACHURA, J.:
 
This is a Petition for Review on Certiorari under Rule 45 of the Rules of Court, seeking to reverse and set aside the Court of Appeals (CA) Decision1 dated October 31, 2006 and Resolution2 dated May 10, 2007 in CA-G.R. SP No. 89910.
 
The facts of the case are as follows:
 
Spouses Fortunato and Rachel Peñaredondo (spouses Peñaredondo) obtained from respondent Cherdan Lending Investors Corporation a loan amounting to P2.2 million, secured by a real estate mortgage over a parcel of land covered by Transfer Certificate of Title (TCT) No. T-129690. Despite demand,...