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Sps. Tiburcio Pelayo And Clenor Comia Vs. Court Of Appeals, Et Al.

SPOUSES TIBURCIO PELAYO and CLENOR COMIA, petitioner, vs. COURT OF APPEALS and HONORINA S. COMIA, respondents.

G.R. No. 106433 | 1994-03-02

D E C I S I O N


NOCON, J.:

This is a petition for review on certiorari to annul and set aside the decision 1 and resolution 2 of the Court of Appeals reversing the decision of the trial court which nullified the foreclosure sale of the subject mortgaged properties.

Records show that petitioners spouses Tiburcio Pelayo and Clenor Comia mortgaged to private respondent Honorina S. Comia several parcels of land situated in Kalookan City, Malabon, and Meycauyan, Bulacan as security for a loan in the sum of P700,000.00.

Upon petitioners' failure to pay their loan, private respondent filed an action against them with the Regional Trial Court...