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The Commoner Lending Corporation vs. Spouses Villanueva

THE COMMONER LENDING CORPORATION, REPRESENTED BY MA. NORY ALCALA, PETITIONER, VS. SPOUSES VOLTAIRE AND ELLA VILLANUEVA, RESPONDENTS.

G.R. No. 235260 | 2020-08-27

FIRST DIVISION
 
R E S O L U T I O N
 
LOPEZ, J.:
 
The interpretation of the real estate mortgage contract is the main issue in this Petition for Review on Certiorari under Rule 45 of the Rules of Court assailing the Court of Appeals' (CA) Decision[1] dated March 27, 2017 in CA-G.R. CEB-CV No. 04387, which declared void the extrajudicial foreclosure sale.
 
ANTECEDENTS

On August 13, 2002, Spouses Voltaire and Ella Villanueva borrowed P100,000.00 from The Commoner Lending Corporation (TCLC) payable within one year and with 24% interest per annum.[2] As security, Spouses Villanueva executed a real...