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PHILIPPINE SAVINGS BANK v. SPS. DIONISIO GERONIMO AND CARIDAD GERONIMO

This case has been cited 3 times or more.

2011-04-12
BERSAMIN, J.
On November 28, 2007, the Sandiganbayan promulgated its decision,[82] decreeing as follows:
2011-01-19
NACHURA, J.
Apparently, Metrobank lost sight of our ruling in Spouses Pulido v. CA,[25] Sempio v. CA,[26] and, recently, in Philippine Savings Bank v. Spouses Dionisio Geronimo and Caridad Geronimo,[27] viz.: While it may be true that the party alleging non-compliance with the requisite publication has the burden of proof, still negative allegations need not be proved even if essential to one's cause of action or defense if they constitute a denial of the existence of a document the custody of which belongs to the other party.
2011-01-19
NACHURA, J.
The goal of the notice requirement is to achieve a "reasonably wide publicity" of the auction sale.  This is why publication in a newspaper of general circulation is required. The Court has previously taken judicial notice of the "far-reaching effects" of publishing the notice of sale in a newspaper of general circulation.  Thus, the publication of the notice of sale was held essential to the validity of foreclosure proceedings.[31] In this case, Metrobank failed to establish compliance with the publication requirement.  The RTC and the CA cannot, therefore, be faulted for nullifying the foreclosure proceedings.