Spouses Suntay v. Keyser Mercantile, Inc., G.R. No. 208462, December 10, 2014
Summary: BAYFORT sold to KEYSER Condominium Unit G on installment basis. The Contract to Sell was not registered with the Register of Deeds (RD) Manila. Meanwhile, Sps Suntay won their case against BAYFORT before the HLURB. HLURB rescinded the Contract to Sell between the two and ordered Bayfront to pay Sps Suntay P2,752,068.60 as purchase price with interest. On Nov. 16, 1994, the HLURB issued a writ of execution. Sheriff of the RTC Manila levied Bayfront’s titled properties, including Unit G. The levy was duly recorded in the RD Manila on Jan 18, 1995. The auction sale was then conducted on Feb 23, 1995, and Sps Suntay were the highest bidder. Consequently, the Certificate of Sale in favor of Sps was issued. This was duly annotated at the back of CCT No. 15802 on April 7, 1995. Meanwhile, the Deed of Absolute Sale between Bayfront and Keyser involving Unit G was finally executed on Nov 9, 1995. But when Keyser was about to register the said deed, it disco...