Title
Concorde Condominium, Inc. vs. Philippine National Bank
Case
G.R. No. 228354
Decision Date
Nov 26, 2018
PPI segregated and mortgaged condominium parking area without CCI’s consent; SC voided mortgage, upheld HLURB jurisdiction, ruled PNB lacked due diligence.

Case Digest (G.R. No. 142840)

Facts:

  • Concorde Condominium project and master deed
    • Pulp and Paper, Inc. (PPI) developed Concorde Condominium, a 7-storey building in Makati, and on November 4, 1974 executed a master deed covering two parcels (TCT Nos. 351672 & 420504, totaling 2,231 sqm).
    • The master deed defined “common areas” (basement, lobby, hallways, structural elements, utilities) and “limited common areas” (covered/uncovered parking) and provided for organization of Concorde Condominium, Inc. (CCI) on January 6, 1975 to hold title and manage common areas.
  • Segregation, new titles, and mortgage
    • Without CCI’s knowledge or consent, PPI consolidated/subdivided the parcels. LRA Consulta No. 2439 (June 10, 1996) ordered issuance of new TCTs Nos. 206284 (1,225 sqm) and 206285 (1,006 sqm) in PPI’s name, annotated with the master deed.
    • PPI secured HLURB clearance (March 25, 1997) to amend the plan/master deed to exclude the uncovered parking (Lot 2) and had the Register of Deeds cancel TCT No. 206285 and issue TCT No. 208874 without annotation.
    • On May 23, 1997 PPI mortgaged Lot 2 (TCT No. 208874) to PNB-International Finance Ltd. (PNB-IFL) for ₱26.3 M. Mortgage was foreclosed; PNB acquired certificate of sale September 1, 1999.
  • HLURB, OP, and CA proceedings
    • CCI sued PPI, PNB-IFL, PNB, and Register of Deeds in HLURB-NCRFO (May 5, 2000) for annulment of title/mortgage and reconveyance. Arbiter (June 5, 2003) affirmed HLURB jurisdiction, found PPI’s plan amendment unlawful but validated mortgage and sale; awarded CCI compensation and damages.
    • Following interventions, Arbiter’s December 14, 2005 decision declared TCTs 206284/206285/208874 null and void; reinstated original TCTs 351672/420504 in favor of CCI; voided mortgage and sale; ordered title delivery and awarded exemplary damages.
    • HLURB Board (March 17, 2011) and Office of the President (June 14, 2013) affirmed Arbiter’s Dec 2005 decision. CA (Mar 21, 2016) reversed: held HLURB lacked jurisdiction, validated mortgage/sale to PNB-IFL/PNB; dismissed New PPI’s petition; denied reconsideration Nov 21, 2016.

Issues:

  • Whether HLURB has jurisdiction over CCI’s complaint for annulment of title and mortgage.
  • Whether CA properly dismissed New PPI’s petition for review for failure to exhaust administrative remedies.
  • Whether PNB-IFL is a mortgagee in good faith and PNB an innocent purchaser.

Ruling:

  • (Subscriber-Only)

Ratio:

  • (Subscriber-Only)

Doctrine:

  • (Subscriber-Only)

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