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Spouses Francisco D. Yap and whelma Yap Vs. Spouses Zosimo Dy, Sr. and Natividad Chiu Dy, et al./Dumaguete Rural Bank Inc. (DRBI) herein represented by Mr. William D.S. Dichoso Vs. Spouses Zosimo Dy, Sr. and Natividad Chiu Dy, et al.

G.R. No. 171868 SPOUSES FRANCISCO D. YAP and WHELMA S. YAP, Petitioners, - versus - SPOUSES ZOSIMO DY, SR. and NATIVIDAD CHIU DY, SPOUSES MARCELINO MAXINO and REMEDIOS L. MAXINO, PROVINCIAL SHERIFF OF NEGROS ORIENTAL and DUMAGUETE RURAL BANK, INC., Respondents. x - - - - - - - - - - - - - - - - - - - - - - - - - x G.R. No. 171991 DUMAGUETE RURAL BANK, INC. (DRBI) herein represented by Mr. William D.S. Dichoso, Petitioners, -versus- SPOUSES ZOSIMO DY, SR. and NATIVIDAD CHIU DY, SPOUSES MARCELINO MAXINO and REMEDIOS MAXINO, and SPOUSES FRANCISCO D. YAP and WHELMA S. YAP, Respondents.

G.R. Nos. 171868 & 171991 | 2011-07-27

FIRST DIVISION

DECISION

VILLARAMA, JR., J.:

May persons to whom several mortgaged lands were transferred without the knowledge and consent of the creditor redeem only several parcels if all the lands were sold together for a single price at the foreclosure sale? This is the principal issue presented to us for resolution in these two petitions for review on certiorari assailing the May 17, 2005 Decision[1] and March 15, 2006 Resolution[2] of the Court of Appeals (CA) in CA-G.R. C.V. No. 57205.

The antecedents are as follows:

The spouses Tomas Tirambulo and Salvacion Estorco (Tirambulos) are the registered owners of several parcels of land...