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AFP MUTUAL BENEFIT ASSOCIATION, INC. vs. CA, SOLID HOMES, INC., INVESTCO, INC., and REGISTER OF DEEDS OF MARIKINA

AFP MUTUAL BENEFIT ASSOCIATION, INC., petitioner, vs. COURT OF APPEALS, SOLID HOMES, INC., INVESTCO, INC., and REGISTER OF DEEDS OF MARIKINA, respondents.

G.R. No. 104769 | 2001-09-10

R E S O L U T I O N

PARDO, J.:

What is before the Court is Solid Homes, Inc.'s motion for reconsideration of the decision promulgated on March 3, 2000, reversing the decision of the Court of Appeals and ordering the Register of Deeds to cancel the notice of lis pendens on the titles issued to petitioner AFP Mutual Benefit Association, Inc. (AFPMBAI), declaring it as buyer in good faith and for value.

We have defined a purchaser in good faith and for value as one who buys the property of another without notice that some other person has a right to or interest in such property and pays a full and fair price for the same, at the time of...