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Banco de Oro Unibank, Inc. Vs. Spouses Enrique Gabriel Locsin and Ma. Geraldine R. Locsin

BANCO DE ORO UNIBANK, INC., Petitioner, vs. SPOUSES ENRIQUE GABRIEL LOCSIN and MA. GERALDINE R. LOCSIN, Respondents.

G.R. No. 190445 | 2014-07-23

THIRD DIVISION
 
DECISION

PERALTA, J.:
 
Before the Court is a petition for review on certiorari assailing the Decision 1 dated June 30, 2009 and the October 28, 2009 Resolution2 of the Court of Appeals (CA) in CA-G.R. CV No. 89622.
 
The facts of the case, as summarized by the CA, are as follows:

On 29 September 1995, [respondent] spouses Enrique Gabriel and Ma. Geraldine Locsin obtained a loan in the sum of Seven Hundred Thousand (P.700,000.00) Pesos from [petitioner] Banco De Oro Universal Bank (BDO), secured by a real estate mortgage on their property covered by TCT No. N-138739 (1st Loan).
 
The...