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Susan G. Po and Lilia G. Mutia Vs. Omerio Dampal

SUSAN G. PO and LILIA G. MUTIA, Petitioners, versus OMERO DAMPAL,* Respondent.

G.R. No. 173329 | 2009-12-21

D E C I S I O N


CARPIO MORALES, J.:

On December 19, 1984, two farm lots located in Manolo Fortich, Bukidnon which were covered by OCT No. P-4146 and OCT No. 4147, with an approximate area of 2.5773 and 2.0651 hectares, respectively, were mortgaged for P33,000.00 by the spouses Florencio and Ester Causin, through their attorney-in-fact Manuel Causin, to the now-defunct Rural Bank of Tagoloan, Inc.

For failure to pay the obligation, the bank foreclosed the mortgage and sold the lots at public auction on July 8, 1992 to petitioner Susan G. Po (Susan) who was the highest bidder. OCT No. P-4146 and OCT No. 4147 were subsequently cancelled...