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Sps. Pio Dato and Sonia R. Sia Vs. Bank of the Philippines Islands

SPOUSES PIO DATO and SONIA Y. SIA, Petitioners, vs. BANK OF THE PHILIPPINE ISLANDS, Respondent.

G.R. No. 181873 | 2013-11-27

FIRST DIVISION

DECISION

REYES, J.:

This is a petition for review on certiorari1 of the Decision2 dated July 25, 2007 and Resolution3 dated February 8, 2008 of the Court of Appeals (CA) in CA-G.R. CV No. 61289, affirming with modifications the Decision4 dated December 15, 1997 of the Regional Trial Court (R TC) of Cebu City, Branch 18. The RTC dismissed herein petitioners' complaint and declared the extrajudicial foreclosure sale, the subject of this petition valid and binding.

Antecedent Facts

On May 23, 1990, petitioners Spouses Pio Dato (Pio) and Sonia Y. Sia (Spouses Sia) applied for a P240,000.00 loan which was granted by the Bank of the...