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Banco Filipino & Mortgage Bank vs. B. Pardo

BANCO FILIPINO SAVINGS AND MORTGAGE BANK, petitioner, vs. HONORABLE BERNARDO P. PARDO, Judge of the Court of First Instance of Caloocan, Seventh Judicial District, Branch XXXIV, and SPOUSES CELEDONIO and CELEDONIA CACAS, respondents.

G.R. No. L-55354 | 1987-06-30

D E C I S I O N


SARMIENTO, J.:

In this application for a writ of certiorari, the petitioner assails the order of the respondent, Judge Bernardo Pardo of the defunct Court of First Instance, Branch XXXIV, Caloocan City, now Regional Trial Court, dismissing its petition for the issuance of a writ of possession over a parcel of land located at Caloocan City.

It appears that on August 10, 1971, the private respondents, the spouses Celedonio and Celedonia Cacas, acquired a loan, payable on installments, from the petitioner bank, in the sum of P33,453.00. 1 As security therefor, they mortgaged in favor of the bank the parcel aforementioned...