LTD 2022 Unc Mortgage Foreclosure
LTD 2022 Unc Mortgage Foreclosure
LTD 2022 Unc Mortgage Foreclosure
CAINTO
Being an overseas worker, Salvador issued to Ronaldo a
duly notarized Special Power of Attorney (SPA)
authorizing the latter to enter into a contract of lease over
Salvador's property covered by TCT No. 122433 for a
period of three years with SISI Corp. Salvador entrusted
to Ronaldo the owner's duplicate of the TCT in case SISI
Corp. needed to verify the same.
Hearing rumors that the subject property was sold,
Salvador went to the Register of Deeds and was shocked
to find out that TCT No. 122433 had been cancelled and
TCT No. 334388 had been issued in Eduardo’s name.
To vindicate his property rights, Salvador filed a
complaint for cancellation of title and reconveyance.
Salvador was able to prove that he was out of the country
when the purported sale was executed.