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Spouses Sibay vs. Spouses Bermudez

SPOUSES LORETO AND MILAGROS SIBAY AND SPOUSES RUEL AND OLGA ELAS, PETITIONERS, V. SPOUSES BIENVENIDO AND JUANITA BERMUDEZ, RESPONDENTS.

G.R. No. 198196 | 2017-07-17

D E C I S I O N
 
PERALTA, J.:
 
 
This is a Petition for Review on Certiorari under Rule 45 of the Rules of Court seeking the reversal of the Decision[1]dated November 5, 2010 and Resolution[2] dated June 21,2011, respectively, of the Court of Appeals in CA-G.R. SP No. 03998.[3]
 
The factual background is as follows:
 
The petitioners-spouses Loreto and Milagros Sibay (Spouses Sibay) were registered owners of the subject parcel of land covered under Transfer Certificate of Title No. T-77589, on which they built their family house.
 
Sometime in 1995, the Spouses Sibay obtained a loan from respondent Land...