ee = os ee ow ee
———
In tne case at bar, the LRA fs not
legaly cbigsted ta falow the courts erder
because the subject land sought to be
regatered was fund to be already decreed
Sand thlesurder the Paya Estate
“he one-year pered stated in Sec
32 of PD 1929 witrin which a peition to
reopen and reve the cecree of eghtrasion
Edesentein sac aLetthe sais eb wnien
decree is prepared and Issued by the
Crrrissioner of Land Regetration
E. Certineete of The
PONCE DE LEON VS. REHABILITATION
FINANCE CORP,
38 SORA 289 (1878)
Facts: Ponce procured an industrial oan
from AFC in £961. Ae securey, Ponce
mortgaged a parcel of land in Paranaque
whieh was registeredin the name of
Francisco Soriano (FS) ~ OCT No. 8054 ~
rmartadto Tomas Focrigiez. A thetime ot
Signing ofthe morcgage deed, Tomasa was
afeagy dead leaung her his, her chlsren
None of Temasa's children signed the
rmertgage dee.
Ponce failed to pay the
amorizatons due. REC tock steps to extre-
idiclally foreclose the
properties, "Upon foreclosure, AFC
purchased the Paranacue et.
rorto ene expiration ofthe one-
year perod rederption pared FS ffredto
Fepurehase the PQLE lt for P14,000, but
{he bane (REC) rejected the effer. REC
scheduled the puble see of the bt.
In 1936, Ponce fied the present
action qlstionng the valdty ofthe sheris
fereclsive sat, an requesing 8 vt of
torestrain RFC fram carrying out Its
‘Sheil sa
‘The Sorianos filed a 3 paty
carpleht conending that the morgage at
‘eid insofar a2 PSs concerned for ack of
tensideration; and that the PQUE lot
bebngedtothe coriugal provety, andthat
“Terasa was afeady deat a the thre. and
the heirs who have inverted i have nat
‘Sgnedthe martgage exrract
The Te demissed Ponce’:
campltt, and deckred the ertgage of 1/2
tfthe PQUE lot of void because t belongs
tothe hare offeraca, Al the three partes
eppeded
lesuse: WON the TC ered in valaing the
ele ta the AFL of the POLE lot, upan the
(ound thatthe sarne formed part af the
enjigalparnershp ofthe Sonano spauses,
Hale! Retio Decidendi » The Tere in
spplyng the sad presuretin, The saleto
Fre levale
Ie appears thet the property was
rgtteredin thereof Frarcece Sofare
frarmadta Tornasa Redrguss.” anc that
bbered onthe fact alone, the TC presumed
thar tbelongeta the coniiga parershe
The TC erred in applying the said
presuretin.
"We shoud et overbok the fc thet
the thle sal propeny wasrat a renster
catcate of tle, but an orbind one, sued
Fracrorwance nih adores whkh, pursiart
to lv, mersiy confrme apre-actng t=
Seid OCT does rot establish, therefore, the
time of aculeton ofthe POU propery by
Ue regstered owner rect