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Spouses Bautista vs. Premiere Bank

SPOUSES FLAVIO P. BAUTISTA AND ZENAIDA L. BAUTISTA, PETITIONERS, V. PREMIERE DEVELOPMENT BANK; AND ATTY. PACITA ARAOS, SENIOR ASSISTANT VICE PRESIDENT & ACTING HEAD OF LEGAL AND COLLECTION GROUP, PREMIERE DEVELOPMENT BANK, RESPONDENTS.

G.R. No. 201881 | 2018-09-05

D E C I S I O N
 
BERSAMIN, J.:
 
The publication and posting of the notice of the rescheduled extrajudicial foreclosure sale are mandatory and jurisdictional. The ensuing foreclosure sale held without the publication and posting of the notice is void ab initio. This is because the requirements of publication and posting emanate from public policy considerations, and are not for the benefit of the parties to the mortgage.
 
The Case
 
The petitioners assail the decision promulgated on January 27, 2012,[1] whereby the Court of Appeals (CA) affirmed the adverse judgment rendered in Civil Case No. 1792 on...