In 1973, Fermina Castro filed an application for the registration and confirmation of her title
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over a parcel of land with an area of 17,343 square meters covered b plan !"#C$ %su&9'4 located in the (unicipalit of %araaque, %rovince of #i)al !now %araaque Cit$, in the %asig& #i)al Court of First Instance !CFI$, *he application was opposed b the +ffice of the olicitor -eneral !+-$ !+-$ and b (ercedes
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.i)on Castro won the case /e sold it to the petitioner of this case o petitioner subdivided the land to two lots, one for him and the other to petitioner Carpio 0nnotations at the bac of *C* 2o 44'3' show that 5u6uico had, at one time or another, mortgaged the lot to the %hilippine Investments stem +rgani)ation !%I+$ and Citiban o 0nnotations in the title of petitioner Carpio reveal the lot was mortgaged in favor of
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%rivate .evelopment Corporation !%.C$, #i)al Commercial aning Corporation !#CC$ !#CC$ and then then %hilip %hilippin pinee Comme Commercia rciall and Indust Industria riall an an !%CI$ !%CI$ and the .evelopment an of the %hilippines !.%$ to secure various loans %residential .ecree 2o !%.$ 18 was enacted *his gave lands in the offshore and foreshore
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areas to %ublic :states 0uthorit !%:0$ ome of the land included i ncluded the land of petitioner %etitioner filed for removal of cloud or quiteting of title +n (a 1, 199 the parties entered into a compromise agreement
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the parties e;ecuted a .eed of :;change of #eal %ropert, pursuant to the compromise
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agreement, where the %:0 propert with an area of 14887 hectares would be conveed to
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