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Enrique Lim, et al. vs. Court of Appeals, et al.

Sps. ENRIQUE and CONSUELO LIM, petitioners, vs. THE HONORABLE COURT OF APPEALS, Sps. TERESITA and OSCAR GUEVARRA, Sps. MARCOS and ANITA ORLINO, Sps. ROMULO and CONSUELO ORLINO, and Sps. FELIX and DOLORES ORLINO, respondents.

G.R. No. 85733 | 1990-02-23

D E C I S I O N


CRUZ, J.:

The subject of this controversy is a parcel of land consisting of 1,101 square meters and located in Diliman, Quezon City. It was originally owned by Felix, Manuel and Maria Concepcion Orlino, who mortgaged it to the Progressive Commercial Bank as security for a P100,000.00 loan on July 1, 1965. The loan not having been paid, the mortgage was foreclosed and the bank acquired the property as the highest bidder at the auction sale on March 28, 1969. The mortgagee thereafter transferred all its assets, including the said land, to the Pacific Banking Corporation (PBC).

On May 22, 1975, the Orlinos, and their...