petitioners, LEONILA the highest bidder. POLICARPIO, petitioner-appellant, 4. On September 2, 1963 vs. Policarpio filed the Sheriff's REGISTER OF DEEDS OF MANILA and Certificate of Sale for PABLO LUCAS, respondents- registration in the office of the appellees. respondent Register of Deeds and the same was entered 175 SCRA 19 under Primary Entry No. 3118/V-37. However, due to G.R. No. L-26752 March 19, 1971 the fact that there were some defects in the document as CONCEPCION, C.J.: pointed out by the said Register of Deeds, the FACTS registrant withdrew the same on the following day, September 3, 1963, and they 1. March 7, 1959, Natividad were not re-entered for Sanchez and Pablo Lucas registration until almost a year bought from Imelda Reyes and after August 26, 1964. Maria Consuelo Mendoza a 5. On July 7, 1965, Policarpio parcel of land together with its assigned all her right and improvements, situated in the interests in the certificate of City of Manila and covered by sale in favor of Mr. Paterno TCT No. 34200, with Santos who in turn had it assumption of an P8,000 real registered on July 19, 1965. estate mortgage in favor of the 6. On August 17, 1965, one of the Monte de Piedad and Savings herein mortgagors exercised Bank. 2. By virtue of the said sale TCT No. his right to redeem the property subject of the auction 57134 was issued in the name of sale by paying to the Sheriff of the above-mentioned vendee. Manila the amount of 3. In view, however, of the violation P8,519.07 representing the of some terms in the mortgage purchase price and interests contract by the mortgagors, the due thereon, and so was issued mortgagee-bank initiated a certificate of redemption, foreclosure proceedings and in dated August 21, 1965. The the public auction sale redemptioner presented the said certificate of redemption for registration in the office of over the deed of confirmation the Manila Registry but was petition of assignment in favor of withheld pending submission Paterno Santos? of the owner's duplicate certificate of title. Whether the redemption period of 7. On the other hand, the Monte "one year from and after the date of de Piedad and Savings Bank, as the sale," prescribed in section 6 of attorney-in-fact of the vendee in the auction sale, probably Act No. 3135, as amended by Act No. not knowing that the property 4118, for the redemption of property was already redeemed, sold in extrajudicial foreclosure executed on September 6, 1965 proceedings, should be computed a Deed of Absolute Sale in from the date of the auction sale, in favor of LeonilaPolicarpio, who, September 1963, as contended by in turn, confirmed her assignment of rights in favor of appellant, or from August 26, 1964, Paterno Santos on September when the Sheriff's Certificate of Sale 8, 1965. The Deed of was registered with the Office of the Confirmation of Assignment as Register of Deeds of Manila, as held well as the affidavit of by the Commissioner of Land consolidation previously Registration in his appealed executed by Santos were resolution. annotated on TCT No. 57134, on September 10, 1965, but RULING then, it was discovered that the certificate of redemption which was earlier presented was still 1. The certificate of pending registration.1 redemption should have preference. 8. Commissioner of Land Registration orders that the The period of redemption certificate of redemption should be given preference in "begins to run not from the registration to the affidavit of date of sale but from the consolidation; time of registration of the sale in the Office of the ISSUE Register of Deeds."This view, expressed in Garcia v. Whether or not the certificate of Ocampo, et al.,2 was redemption executed in favor of reiterated in Agbulos v. Pablo Lucas should have preference Alberto.3 Although these Rule 39 of the Revised Rules cases referred to execution of Court in requiring that sales, the rule therein laid the certificate of sale issued down was applied to by the sheriff in an auction foreclosure cases in Salazar, sale be registered in the et al. v. Meneses, et office of the register of 4 al., Reyes v. Noblejas, et deeds, for the purpose of al.,5 Rosario, et al. v. Tayug the legislature in providing 6 Rural Bank, Inc., Campillo v. for our present system of Philippine National registration is to afford 7 Bank and Reyes v. Manas, et some means of publicity so al. that persons dealing with real property may reach the 2. The redemption period records and thereby acquire begins to run from August security against instruments 26, 1964, when the the execution of which has certificate of sale was registered with the office of not been revealed. Register of Deeds. Redemption is not the concern merely of the In Reyes v. Noblejas, et auction-vendee and the al.,9 this Court even held: mortgagor, but also of the latter's successors in interest The registration required by or any judicial creditor or Section 50 of the Land judgment creditor of said Registration Law is intended mortgagor, or any person primarily for the protection having a lien on the of innocent third persons, property subsequent to the i.e., persons who, without mortgage under which the knowledge of the sale and property has been sold. It is in good faith, have acquired precisely for this reason that rights to the the certificate of sale should property.lwph1.t The be registered, for only upon same protection to third such registration may it parties is obviously one of legally be said that proper the objects of Section 27, notice, though constructive, has been served unto possible redemptioners contemplated in the law. We have to conclude, therefore, that the date of sale mentioned in Section 6 of Act 3135, as amended, should be construed to mean the date of registration of the certificate of sale in the office of the register of deeds concerned. Only after the lapse of the twelve-month redemption period from the date of registration of the certificate of sale and in the absence of any redemptioner within the said period, may the deed of final sale be executed in favor of the purchaser who may then consolidate the title of the property in his favor.
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