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Republic of the Philippines National Capital Judicial Region REGIONAL TRIAL COURT Antipolo City Branch 71 RAFAEL DE VERA,

R MYRNA DE VERA, Plaintiffs, - versus Civil. Case No. 11-9269 For: ANNULMENT of Deed of Sale of Real Property With Cancellation of New Title, and DAMAGES

KENNETH I. IGOY, Sps. ROSEBELLE and NORBERTO CRUZ, Jr., Register of Deeds for the Province of Rizal. Defendants. X----------------------------X

COMPROMISE AGREEMENT COME NOW the parties, represented by their responsive counsels, and unto this Honorable Court, most respectfully state:

WHEREAS defendant Kenneth I. Igoy was declared in default and have lost his legal standing in court while plaintiff and defendants Spouses Rosebelle and Norberto Cruz, Jr. presented evidence on their own behalf;

WHEREAS, defendant Spouses Cruz are the buyers of the subject property from Kenneth Igoy and as a matter of fact, a downpayment of P500,000 was already paid by defendants to Igoy. They are already presently occupying the property since after the execution of the Deed of Absolute Sale;

WHEREAS, plaintiffs have litigated in court and have proven that they are really the owners of the property not only by virtue of the testimonial and documentary evidence presented;

WHEREAS, to expedite the proceedings in this Honorable Court, defendants Spouses Cruz recognize the validity and credibility of the plaintiffs cause in that they are really the owners of the property, subject matter of this case;

WHEREAS, the plaintiff De Vera recognizes that defendants had already partially paid the total consideration of the amount stated in the Deed of Sale with defendant Kenneth Igoy;

WHEREAS, the plaintiff Rafael De Vera recognizes the extrinsic validity of the Deed of Sale and hence recognizes the same if only so that the defendants Cruz may be able to transfer in their names the property by virtue of the Deed of Absolute Sale executed;

02.

Compromise Agreement WHEREAS, however in recognition of plaintiffs rights as true owners of the property,

the defendants will continue to pay the full payment of the consideration of P1 Million to the plaintiff, Rafael De Vera and in thereafter leave the defendants in peace

WHEREAS, the plaintiff reserves his right of recourse to claim the P500,000.00 from defendant Kenneth Igoy to complete the P1.5 Million consideration;

NOW THEREFORE, FOR AND IN CONSIDERATION OF THE FOREGOING PREMISES, PARTIES HEREBY STIPULATE, VIZ:

Upon signing of this Agreement, defendants pay to plaintiffs the balance of the full consideration of the Deed of Absolute Sale in the amount of P1 million as if the contract between them antedated at the time of the execution of the Deed of Absolute Sale, the plaintiffs De Vera, warrants the sale thereof again antedating at the time of the execution of the sale to be valid as between them, defending their rights thereto even as against Kenneth Igoy;

Plaintiffs, upon receipt of the said amount, hereby forever release and discharge Spouses Rosebelle and Norberto Cruz and any of their heirs of any further claims, monetary or otherwise due them and have no more claim, right or action of whatsoever nature, whether past, present or contingent against defendants spouses Cruz, with prejudice.

In the same manner, defendants shall have no further recourse against plaintiffs monetarily or of whatever nature as against the plaintiffs either in the form of counterclaim or any other claim and shall shoulder all the expenses necessary and incidental for the transfer and registration of the property in their names and declare that they shall have no more claim, right or action of whatsoever nature, whether past, present or contingent against plaintiffs De Vera with prejudice.

IN WITNESS WHEREOF, the parties have hereunto affixed our signature on this ___ day of July, 2013 in Quezon City. WHEREFORE, it is most respectfully prayed that the foregoing compromise agreement be approved and that the judgment be rendered in accordance therewith.

____________________________ _ RAFAEL DE VERA Assisted By: _____________________________ Atty. MARIA LOURDES P. GARCIA

_______________________________ MYRNA DE VERA

03. Spouses

Compromise Agreement

______________________________ NORBERTO CRUZ, JR.

_______________________________ ROSEBELLE CRUZ

Assisted by:

______________________________ Atty. DANIEL SALOMON

ACKNOWLEDGMENT