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ESTANISLAO AND AFRICA SINAMBAN, PETITIONERS, VS. CHINA BANKING CORPORATION, RESPONDENT.

ESTANISLAO AND AFRICA SINAMBAN, PETITIONERS, VS. CHINA BANKING CORPORATION, RESPONDENT.

G.R. No. 193890 | 2015-03-11

THIRD DIVISION
 
DECISION

REYES, J.:

Before this Court is a Petition for Review on Certiorari[1] of the Decision[2] dated May 19, 2010 of the Court of Appeals (CA) in CA-G.R. CV. No. 66274 modifying the Decision[3] dated July 30, 1999 of the Regional Trial Court (RTC) of San Fernando City, Pampanga, Branch 45 for Sum of Money in Civil Case No. 11708.

Factual Antecedents
 
On February 19, 1990, the spouses Danilo and Magdalena Manalastas (spouses Manalastas) executed a Real Estate Mortgage (REM)[4] in favor of respondent China Banking Corporation (Chinabank) over two real estate properties covered by Transfer Certificate of Title Nos....