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Philippine National Bank vs. Court of Appeals, 98 SCRA 207
FACS!
Rosa "er "er #ort$a$e to Philippine Philippine National Bank %PNB& an entire par'el of lan( to se'ure a loan o)taine( fro# PNB. *n the #ean+hile, Rosa "er faile( to fulfill its o)li$ation +ith anila ra(in$ Co#pan- %C&. So the sai( 'o#pan- levie( upon her share in the lot in uestion an( ha( the atta'h#ent annotate( on the title. Rosa "er/s "er/s interest in the lot in uestion +as after+ar(s sol( at pu)li' au'tion, au'tion, at +hi'h the C +as the hi$hest )i((er. A (ee( of sale in favor of the C +as annotate( on the title. C sol( its ri$hts over the lot in uestion to Santia$o Sa#)rano, +ho se'ure( the annotation annotation of the sai( sale on the title. Be'ause Rosa "er faile( to settle her o)li$ation +ith the PNB, the latter sol( at pu)li' au'tion the +hole lot that the for#er ha( #ort$a$e( to it, an( in the sa#e au'tion sale, PNB e#er$e( as the hi$hest )i((er. After the perio( of re(e#ption ha( epire( +ithout the propert- havin$ )een re(ee#e(, PNB 'onsoli(ate( its title over it. PNB sol( the propert- in uestion to Feli1ar(o Re-es as a result of +hi'h a ne+ o+ner/s (upli'ate 'ertifi'ate of title +as issue(. RC rule( in favor of C. CA affir#e(.
*SS3!
4hether or not a pur'haser is )a( faith if there is a pen(in$ noti'e of lis pen(ens.
R5*N6!
3S. 4ell 4ell settle( settle( is the rule that one +ho )u-s lan lan( ( +he +here re there is a pen(in$ pen(in$ not noti'e i'e of lis pendens is a pur'haser in )a( faith. Feli1ar(o Re-es, Re-es, in this 'ase, is a pur'haser in )a( faith. A noti'e noti'e pendens havin$ )een annotate( )- Santia$o Sa#)rano on the 'ertifi'ate of title 'overin$ the of lis pendens
propert- so#eti#e )efore the sale thereof +as #a(e )- the PNB in favor of Re-es. he annotation +as #a(e in relation to a pen(in$ 'ivil 'ase )et+een C an( Rosa "er.
