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Gloria R. Motos and Martin Motos Vs. Real Bank (A Thrift Bank), Inc.

GLORIA R. MOTOS and MARTIN MOTOS, Petitioners, versus REAL BANK (A THRIFT BANK), INC., Respondent.

G.R. No. 171386 | 2009-07-17

DECISION


QUISUMBING, J.:

This appeal seeks to set aside the Decision[1] dated May 16, 2005 of the Court of Appeals in CA-G.R. SP No. 85064. The Court of Appeals had affirmed the Decision [2] dated January 29, 2002 and the Order[3] dated March 15, 2004 but set aside the Orders dated May 5, 2004[4] and June 22, 2004[5] of the Regional Trial Court (RTC) of Quezon City, Branch 222 in LRC No. Q15302 (02).

The antecedent facts of the case are as follows:

Spouses Martin and Gloria Motos (spouses Motos) acquired several loans from Real Bank in the total amount of P4,000,000. To secure the obligation, they mortgaged to the bank a land covered...