G.R. No. 181873 - SPOUSES PIO DATO AND SONIA Y. SIA, VS. BANK OF THE PHILIPPINE ISLANDS.D E C I S I O N - Supreme Court E-Library

Ruling

WHEREFORE, premises all considered, JUDGMENT is hereby rendered in favor of [BPI] and against [Spouses Sia] as follows: Dismissing [Spouses Sias] complaint, supplemental and amended complaint for lack of merit; Declaring the extrajudi[c]ial foreclosure sale conducted on August 8, 1993 as valid and binding; Declaring defendant [BPI] as absolute and legal owner of Lot No. 1 covered by TCT No. 102434 as well as the residential house and all improvements thereon; Ordering [Spouses Sia] to pay defendant [BPIs] counsel the sum of P500,000.00 as attorneys fees; ordering to pay defendant [BPI] the sum of P10,000.00 per month from August 10, 1994 for use and occupancy of the foreclosed properties until the same are vacated and possession delivered to defendant [BPI]; to pay the sum of P1,000,000.00 as exemplary damages so as to prevent others from following [Spouses Sias] filing a suit to prevent payment of a just and valid debt; the sum of P2,000,000.00 as compensatory damages; the sum of P50,000.00 as litigation expenses as well as costs of the suit. SO ORDERED.