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Cabuhat vs. Development Bank

ROGER CABUHAT AND CONCHITA CABUHAT, PETITIONERS, VS. DEVELOPMENT BANK OF THE PHILIPPINES, REPRESENTED BY MANAGER PERLA L. FAVILA, RESPONDENT.

G.R. No. 203924 | 2016-06-29

D E C I S I O N
 
BRION, J.:
 
This is a petition for review on certiorari assailing the Regional Trial Court's (RTC) June 27, 2012 and October 23, 2012 orders dismissing Roger and Conchita Cabuhat's Petition to Set Aside the Foreclosure Sale in Civil Case No. 1741.[1]
 
Antecedents

The subject of this case is a 292 square-meter property (subject lot) in Barangay Poblacion, Municipality of Narra, Palawan, formerly covered by Original Certificate of Title (OCT) No. C-2372 registered in the name of petitioner Roger Cabuhat.

On August 30, 1993, Roger - together with his parents Rodolfo and Conchita Cabuhat - mortgaged the...