G.R. No. 143783 - DANTE SARRAGA, SR. AND MARIA TERESA SARRAGA, VS. BANCO FILIPINO SAVINGS AND MORTGAGE BANK.D E C I S I O N - Supreme Court E-Library

Ruling

Wherefore, judgment is hereby rendered, as follows: 1. Declaring the sale and conveyance of the two (2) parcels of land (denominated as Lots 1035-A and 1053-B) situated in Barangay Lapasan, Cagayan de Oro, as valid and title thereto shall pertain to defendant spouses Sarraga; 2. Declaring plaintiff Banco Filipino to be the true and lawful owners of Lot 416-B and the building therein (formerly known as the Lucar Building but now as Executive Centrum) situated along J.R. Borja Street, Cagayan de Oro City; 3. Ordering defendant spouses Sarraga to immediately relinquish and surrender possession of Lot No. 416-B and the building thereon to plaintiff Bank; and 4. All other claims of plaintiff Bank as well as counterclaims by the defendants are dismissed. No pronouncement as to costs. SO ORDERED.