G.R. No. 198745 - BANCO DE ORO UNIBANK, INC. (FORMERLY BANCO DE ORO-EPCI, INC.), VS. SUNNYSIDE HEIGHTS HOMEOWNERS ASSOCIATION, INC..D E C I S I O N - Supreme Court E-Library

Ruling

WHEREFORE, the decision of the Office below dated August 28, 1995 is hereby SET ASIDE and a new decision entered as follows: Declaring subject mortgage and foreclosure as null and void; Declaring Block 7 of Phase I, Sunnyside Heights, Batasan Hills, Quezon City as the designated open space of the aforesaid project; Ordering the Register of Deeds of Quezon City to cancel TCT No. 8638[9] in the name of respondent PC IB and to issue a new title in the name of respondent Mover; Ordering respondent Mover to comply with Section 31 of P.D. 957 as amended by Section 2 of P.D. 1216; and Ordering respondent Mover to pay back the amount of P1,700,000.00 to respondent PCIB. Let a copy of this decision be furnished the Register of Deeds of Quezon City for his/her guidance and appropriate action. SO ORDERED.