Facts:

• Petitioners: Eliseo Fajardo, Jr. and Marissa Fajardo.
• Respondent: Freedom to Build, Inc.
• Supreme Court decision date: December 8, 2000.
• Prior ruling date: August 1, 2000.
• Dispute centers on ownership of De La Costa Homes Subdivision.
• Ownership conveyed by respondent to individual homeowners.
• Homeowners represented by De La Costa Homeowners' Association.
• Petitioners argue that Freedom to Build, Inc. lost interest in the property post-conveyance.
• They claim the respondent lacks legal standing to initiate the case.
• Cited Section 2, Rule 3 of the New Rules of Civil Procedure regarding real party-in-interest.
• Lower court's consideration: Can the respondent maintain the suit after ownership transfer?

Issue:

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Ruling:

• The Supreme Court denied the motion for reconsideration.
• Affirmed that Freedom to Build, Inc. retained a legitimate interest in the property.
• Confirmed that the respondent was a real party-in-interest entitled to pursue the case.
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Ratio:

• The Court reasoned that the conveyance did not strip Freedom to Build, Inc. of all interest in the property.
• The developer had a vested interest in maintaining the subdivision's value, which could be affected by non-compliance with restrictive covenants.
• Emphasized that standing should not b...continue reading