This case has been cited 1 times or more.
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2008-02-04 |
REYES, R.T., J. |
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| Even assuming that LBP was able to obtain its own TCT over the property by means of its mortgage contract with Lourdes Farms, Inc., the title must also be cancelled as it was derived from OCT No. P-2823 which was not validly issued to Bugayong. Forest lands cannot be owned by private persons. It is not registerable whether the title is a Spanish title or a Torrens title.[46] It is well settled that a certificate of title is void when it covers property of public domain classified as forest or timber or mineral land. Any title issued covering non-disposable lots even in the hands of an alleged innocent purchaser for value shall be cancelled.[47] | |||||