Back

Juan De Castro, etal. Vs. I.A. Court, etal.

JUAN DE CASTRO, PARALUMAN DE CASTRO, PASTOR DE CASTRO, JR., CRISTINA DE CASTRO and LOURDES DE CASTRO-GENERAL, petitioners, vs. THE HON. INTERMEDIATE APPELLATE COURT, THE CITY SHERIFF OF PASAY CITY AND/OR HIS REPRESENTATIVE, PASAY CITY DEVELOPMENT BANK, AND ALFREDO GARCIA, respondents.

G.R. No. 73859 | 1988-09-26

D E C I S I O N


PADILLA, J.:

The spouses Patricio and Angelina Reyes were the registered owners of a residential house and lot with an area of 284 square meters located in Malibay, Pasay City, covered by Transfer Certificate of Title No. 7600, which they mortgaged on 7 May 1973 to the Pasay City Development Bank to secure the payment of a loan P25,000.00. On 5 July 1973, the spouses Reyes sold said mortgaged property to herein petitioners Juan, Paraluman, Pastor and Cristina, all surnamed de Castro and Lourdes de Castro-General, who all assumed the mortgage with the knowledge and consent of the mortgagee bank, pursuant to a "deed of...