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United Coconut Planters Bank Vs. Christopher Lumbo and Milagros Lumbo

UNITED COCONUT PLANTERS BANK, Petitioner, vs. CHRISTOPHER LUMBO and MILAGROS LUMBO, Respondents.

G.R. No. 162757 | 2013-12-11

FIRST DIVISION
 
DECISION
 
BERSAMIN, J.:
 
The implementation of a writ of possession issued pursuant to Act No. 3135 at the instance of the purchaser at the foreclosure sale of the mortgaged property in whose name the title has been meanwhile consolidated cannot be prevented by the injunctive writ.
 
The Case
 
Petitioner United Coconut Planters Bank (UCPB) appeals the decision promulgated on November 27, 2003, 1 whereby the Court of Appeals (CA) reversed and set aside the order issued on March 19, 2002 by the Regional Trial Court (RTC) of Kalibo, Aklan, Branch 8,2 denying the motion...