Title
Source: Supreme Court
Magsano vs. Pangasi Savings and Loan Bank, Inc.
Case
G.R. No. 215038
Decision Date
Oct 17, 2016
A void real estate mortgage executed after mortgagor's death led to property foreclosure, sale, and demolition; heirs challenged validity, resulting in co-ownership and partition.

Case Summary (G.R. No. 215038)

Factual Background and Proceedings

On July 1, 1991, Susana Capelo executed a Real Estate Mortgage over a 418-square-meter parcel in Dagupan City (TCT No. 48754) to secure a P35,000 loan from respondent bank. However, Roque Magsano, her spouse, had died on April 17, 1991, before the execution of the mortgage. Upon default, the bank foreclosed the mortgage extra-judicially pursuant to Act No. 3135. The bank became the highest bidder in the foreclosure sale and eventually obtained TCT No. 65394. The property was later sold to Sps. Manuel, who secured TCT No. 67491. Petitioners, asserting possession and ownership interests, refused to vacate, prompting writs of possession and demolition against them. Petitioners sought annulment of the mortgage, foreclosure, sale, and related titles, alleging nullity due to Roque's prior death and lack of consent from co-owners.

Issues Presented

The pivotal issues for judicial resolution were:
(a) Whether or not the Real Estate Mortgage executed by Susana Capelo was valid considering Roque's prior death, dissolving the conjugal partnership and creating a co-ownership arrangement; and
(b) Whether respondents Sps. Manuel were innocent purchasers for value, thereby acquiring valid title to the property.

Regional Trial Court’s (RTC) Decision

The RTC dismissed the complaint, finding petitioners had no cause of action to annul the mortgage because they were not parties thereto and were bound by their mother Susana’s actions. The RTC also held the mortgage and foreclosure valid and legal; even if petitioners had cause, the action was barred by the prescriptive periods under Articles 1144, 1149, and 1150 of the Civil Code. The RTC awarded attorney’s fees and exemplary damages in favor of respondent bank.

Court of Appeals’ (CA) Ruling

The CA affirmed the RTC’s dismissal but deleted the award of attorney’s fees and damages for lack of basis. The CA acknowledged that the mortgage was void insofar as it affected Roque’s share, as he was deceased, rendering the bank a mortgagee in bad faith concerning that portion. However, it held Sps. Manuel as innocent purchasers for value with no fault, whose rights to the title should be respected. The CA denied petitioners’ motion for reconsideration, leading to this petition for review.

Supreme Court’s Analysis: Co-Ownership and Mortgage Validity

The Supreme Court determined that Roque’s death prior to the mortgage’s execution dissolved the conjugal partnership under Article 126(1) of the Family Code, converting Roque’s share into an undivided interest among his heirs and Susana as co-owners. Pursuant to Article 493 of the Civil Code, a co-owner may alienate or mortgage only his undivided share, and such alienation affects only the portion that may be allotted to him upon partition. Susana, therefore, lacked authority to mortgage the entire property without consent of the other co-owners (petitioners). The Real Estate Mortgage’s validity must be confined to Susana’s pro-rata undivided share in the property pending partition.

The Court emphasized that the bank, having failed to verify ownership and due diligence, was a mortgagee in bad faith concerning Roque’s share. Still, this did not extend to the entire subject property but only to Susana's undivided interest.

On the Status of Spouses Manuel as Purchasers for Value

Contrary to the CA’s ruling, the Court found that Sps. Manuel were not innocent purchasers for value with respect to the entire property. The Court reiterated that although title to registered land generally confers security to the purchaser, when the property is physically possessed by a person other than the vendor, the purchaser has the duty to inquire into the rights of the occupant. Here, petitioners possessed the property when Sps. Manuel acquired the title, but there was no showing that Sps. Manuel inspected the property or inquired about petitioners’ possessory rights. Their failure to exercise due diligence under the circumstances precludes them from claiming good faith.

Additionally, the burden to prove innocence as purchasers for value rests on those invoking this defense; mere presumption of good faith is insufficient to discharge evidentiary duties.

Implications on Ownership and Possession Rights

The Court cited prior rulings holding that foreclosure sale and subsequent consolidation of title do not affect existing co-ownership interests of other heirs who did not consent to the mortgage. The bank’s (and by extension Sps. Manuel’s) title over the property is subject to the rights of co-owners, who retain ownership over their respective shares. Titles issued to the bank or third parties thus embody a constructive trust in favor of non-consenting co-owners. Sps. Manuel, having stepped into the bank’s position, only acquired rights equal to those of the bank — i.e., limited to Susana’s undivided share pending partition.

Disposition and Remedial Measures

The Supreme Court partly granted the petition and reversed the CA decision and its denial of certain reliefs. It:

  1. Declared the Real Estate Mortgage void concerning deceased Roque Magsano’s share;
  2. Declared Sps. Manuel and petitioners as co-owners of the subject property with respect to Susana’s undivided share;
  3. Ordered cancellation of TCT No. 67491 issued to Sps. Manuel; and
  4. Remanded the case to the Regional Trial Court to determine and partition the exact interests and shares of all co-owners in the property.

The writ of possession issued in favor of respondent bank and related proceedings were set aside pending determination of possessory rights, emphasizing the need for equitable adjudication of co-ownership interests.

Concurring Opinion on Applicability of Article 493 of the Civil Code

Justice Caguioa concurred


...continue reading

Analyze Cases Smarter, Faster
Jur is a legal research platform serving the Philippines with case digests and jurisprudence resources.