and to secure such they executed a deal of Real Estate Mortgage in favor of Laqui (Respondent) Upon failure to pay Laqui applied for extra judicial foreclosure and in turn Cua Lai Chu filed to annul said foreclosure and TRO.
RTC Ruled in favor of petitioner granting annulment
of foreclosure and TRO then subsequently reversed its own decision. Respondent emerged as the highest bidder and sale was executed in favor of respondent with 1 year redemption period.
After 1 year redemption period respondent filed
for consolidation and an issuance for the writ of possession while petitioners filed for opposition which was denied and granted respondents motion for declaration of general default and allowed him to present evidence ex parte.
CA Dismissed on both procedural and substantive
grounds since petitioners failed to indicate PTR number. ISSUE: W/N Writ of Possession was issued properly despite the pending case questioning the validity of sale on said property RULING: Yes. The right to possession of a purchaser at an extrajudicial foreclosure sale is not affected by a pending case questioning the validity of the foreclosure proceeding. Furthermore, since the foreclosed property was not redeemed within the mentioned period respondent acquired an absolute right as a purchaser. DOCTRINE: Art. 433 Actual possessions under claim of ownership raise disputable presumption of ownership. The true owner must resort to judicial process for the recovery of property.