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SPOUSES TAGUMPAY N. ALBOS AND AIDA C. ALBOS, PETITIONERS, VS. SPOUSES NESTOR M. EMBISAN AND ILUMINADA A. EMBISAN, DEPUTY SHERIFF MARINO V. CACHERO, AND THE REGISTER OF DEEDS OF QUEZON CITY, RESPONDENTS.

SPOUSES TAGUMPAY N. ALBOS AND AIDA C. ALBOS, PETITIONERS, VS. SPOUSES NESTOR M. EMBISAN AND ILUMINADA A. EMBISAN, DEPUTY SHERIFF MARINO V. CACHERO, AND THE REGISTER OF DEEDS OF QUEZON CITY, RESPONDENTS.

G.R. No. 210831 | 2014-11-26

THIRD DIVISION
 
D E C I S I O N

VELASCO JR., J.:

Nature of the Case
 
Before the Court is a Petition for Review on Certiorari under Rule 45 of the Rules of Court seeking the reversal and the setting aside of the Decision1 of the Court of Appeals (CA) dated May 29, 2013 and its Resolution dated January 13, 2014 in CA-G.R. CV No. 93667. Said rulings upheld the validity of the extra-judicial foreclosure sale over the property that petitioners, spouses Tagumpay and Aida Albos, mortgaged in favor of private respondents.

The Facts
 
On October 17, 1984, petitioners entered into an agreement, denominated as “Loan with Real...