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Third Party Claim

This document is a third party claim filed by Juan Santos in the Regional Trial Court of Naga City against Maria Magalang. Juan Santos claims ownership of a parcel of land located in Sta. Cruz, Mangga St., Naga City covered by TCT No. T-30,762. Santos alleges he had mortgaged the property covered by former TCT No. T-159703 to Jose Manalo as security for a P1 million loan and Manalo extra-judicially foreclosed on the property after the Matapangs failed to pay, resulting in the issuance of TCT No. T-30,762 in Manalo's name. Santos values the property at P1 million and claims right

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71 views

Third Party Claim

This document is a third party claim filed by Juan Santos in the Regional Trial Court of Naga City against Maria Magalang. Juan Santos claims ownership of a parcel of land located in Sta. Cruz, Mangga St., Naga City covered by TCT No. T-30,762. Santos alleges he had mortgaged the property covered by former TCT No. T-159703 to Jose Manalo as security for a P1 million loan and Manalo extra-judicially foreclosed on the property after the Matapangs failed to pay, resulting in the issuance of TCT No. T-30,762 in Manalo's name. Santos values the property at P1 million and claims right

Uploaded by

LUNA
Copyright
© © All Rights Reserved
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Download as DOCX, PDF, TXT or read online on Scribd
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REPUBLIC OF THE PHILIPPINES

REGIONAL TRIAL COURT


6th Judicial Region
Branch 1, Naga City

SURETY BANK, Civil Case No. 2345


Plaintiff,
-versus-
JUAN SANTOS,
Third party plaintiff,
-versus-
MARIA MAGALANG,
Defendant.

X------------x

THIRD PARTY CLAIM

I, Juan Santos, of legal age, single, resident of Ateneo


Avenue St., Naga city, having sworn in accordance with law, depose
and say that:

I am the true, lawful, and absolute owner of that certain


property, now in possession of Spouses Jose Matapang and presently
being levied upon and more particularly describe as follows:

A parcel of land of P3,518 square meters situated in the


Sta., Cruz, Mangga St., Naga City now covered by TCT No. T
30,762.

The property covered by T.C.T. No. T-159703 located in


Sta., Cruz, Mangga St., Naga City was mortgaged by the
spouses Matapang to Juan Santos on 14 April 2017 as security
for the payment of a loan of P1,000,000.00. For failure to
comply with the conditions of the mortgage, Spouses Manalo
extra-judicially foreclosed the mortgage and the land was sold
at a sheriff's sale held on 25 November 2018, Jose Manalo as
purchasers thereof. Consequently, TCT No. T-159703 was
cancelled and TCT No. T-30,762 was issued in the name of
Jose Manalo.

That the value of the above-described property is One million


PESOS (P1,000,000.00);
That I hereby claim said property as my own, being entitled to
its ownership and possession.

4 August 2019, Naga City


(Sgd) JUAN SANTOS

SUBSCRIBED and sworn to before me, this 4th day of


August 2019, in the City of Naga, Camarines Sur by Juan Cruz with
Passport No. 23333 issued on 1 January 2019 at Naga City.

Doc. No. 03; ATTY. MARIA MATA


Page No. 03; NOTARY PUBLIC
Book No. 03; Commission Serial No. 2019
Series of 2019. Until December 31, 2019
Roll of Attorney no. 52222
IBP No. 122222, 1/03/17, Q.C.
PTR No. 15555, 1/19/18, NAGA CITY

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