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Banco Filipino vs. Intermediate Appellate Court et al.

BANCO FILIPINO SAVINGS AND MORTGAGE BANK, petitioner, vs. INTERMEDIATE APPELLATE COURT and CELESTINA S. PAHIMUTANG, assisted by her husband, respondents.

G.R. No. L-68878 | 1986-04-08

D E C I S I O N


PATAJO, J:

This is a petition for review on certiorari of the decision of the Intermediate Appellate Court promulgated on July 12, 1984 setting aside the writ of possession granted to petitioner which was issued by the Regional Trial Court, National Capital Judicial Region, Branch XLI (41) at Makati.

It appears that spouses Gerardo and Celestina Pahimutang purchased a house and lot at No. 15, Istanbul Street, BF Homes III, covered by Transfer Certificate of Title No. S-15041 from Pilar Development Corporation for P139,800.00. The remaining balance of P125,700.00 was financed by petitioner through a loan contract secured...