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Government Service Insurance System vs. Abraham Lopez

GOVERNMENT SERVICE INSURANCE SYSTEM, Petitioner, versus ABRAHAM LOPEZ, Respondent.

G.R. No. 165568 | 2009-07-13

D E C I S I O N



CARPIO, J.:

The Case

Before the Court is a petition for review[1] of the 10 February 2004 Decision[2] and 4 October 2004 Resolution[3] of the Court of Appeals in CA-G.R. CV No. 56322. The Court of Appeals reversed the 26 September 1996 Decision[4] of the Regional Trial Court, Branch 163, Pasig, which dismissed the complaint for specific performance filed by respondent Abraham Lopez (Lopez) against petitioner Government Service Insurance System (GSIS).

The Facts

Lopez obtained a loan of P22,500 from the GSIS. To secure the loan, Lopez mortgaged on 6 June 1982 his house and lot on No. 15 M. Cruz Street, Sto. Niño, Marikina,...