m'

IBIG

LOANS MANAGEMENT AND RECOVERY DEPARTMENT

Cebu Housing Hub
Pag-IBIG FUND I WT Corporate Tower
Cebu Business Park, Cebu City

INVITATION TO BID

March 01, 2018

The Pag-IBIG Fund Committee on Disposition of Acquired Assets shall conduct a second sealed public auction for the sale of acquired asset properties on:

DATE VENUE AREAS NO. OF UNITS

!

ALANG-ALANG, LEYTE AND BARUGO, LEYTE 7

JAVIER, LEYTE AND MAASIN CITY 10

College Conference Hall UP Tacloban College, Magsaysay
March 01. 2018
Boulevard, Tacloban City
TACLOBAN CITY 18

CATBALOGAN, SAMAR AND JIABONG, SAMAR 14

TOTAL 49

GENERAL GUIDELINES

Interested parties are required to secure copies of: (a) INSTRUCTION TO BIDDERS (HOP-AAF-104) and (b) OFFER TO BID (HOP-AAF-103) from Pag-IBIG Fund
Tacloban MSB Office, Maharlika Highway. Brgy. 91, Abucay. Tacloban City, Leyte I Loans Management and Recovery Department - Acquired Asset Management at 3rd
floor, Pag-IBIG FUND - WT Corporate Tower, Mindanao Avenue. Cebu Business Park, Cebu City or may down load the forms at www.pagibigfund.gov.ph (link Disposition
of Acquired Assets for Public Auction).
2 Properties shall be sold on an "AS IS, WHERE IS" basis.

3 All interested buyers are encouraged !Q inspect the propertyfles before tendering their offerls. The list of the properties may be viewed at
www.pagibigfund.gov.ph/aa/aa.aspx (Other properties for sale - Disposition of Acquired Assets for Public Auction).

4 Bidders are also encouraged to visit our web site, www.pagibigfund.gov.ph/aa/aa.aspx five (5) days prior the actual auction date, to check whether there are any
erratum posted on the list of properties posted under the sealed public auction.

5 Sealed proposals shall be received by the Committee on Disposition of Acquired Assets' Sercretariat at the College Conference Hall Tacloban College, Magsaysay
Boulevard, Tacloban City starting 10:00 AM but not later than 1:30 PM or upon declaration of the Committee on the scheduled date; the said proposals shall be opened
immediately in the presence of the committee and attending bidders. Bidders are advised to submit their proposals only on the scheduled date of batch. No proposals
shall be accepted by the committee earlier or later than the scheduled date.
6 The Bid Offer shall not be lower than the minimum bid set by the Fund.
7 Each bid proposal shall be accompanied by a BIDDER'S BOND either in CASH or MANAGER'S CHECK issued by any commercial bank. in Philippine Currency,
payable to Pag-IBIG Fund for an amount equivalent to 10% of the BID PRICE. It shall likewise serve as the down payment of the winning bidder.

8 The bidder shall state in words and in figures the amount of his bid and his mode of payment, and shall submit a bidder's bond in the amount equivalent to at least
ten percent (10%) of his bid. The bond shall be in Philippine Currency and may be in the form of cash or manager's check payable to the Fund and issued by any
commercial or universal bank.

9 In the absence of a chosen mode of payment, the default mode of payment shall be long-term installment. Likewise, change on the winning bidder's mode of
payment shall not be allowed.

10 For Bidders, whose bid bond is in the form of a MANAGER'S CHECK, are advised to adhere to the current Bangko Sentral ng Pilipinas' (BSP) memorandum relative to the
proper handling of checks: Do not staple, crumple, fold, bind or pin checks.

11 Payment of the remaining ninety percent (90%) bid offer balance may either be thru any of the following modes:
a. Cash - on which the approved purchase price shall be paid not later than thirty (30) calendar days from the date of receipt of Notice of Award (NOA).
b. Short-Term Installment Basis - on which payment shall be in equal monthly installment inclusive of interest and provided the chosen payment term shall
not exceed twelve (12) months subject to an interest based on the Full Risk-Based Pricing Framework for three-year fixing period.
c. Long Term Installment - payment shall be in the form of monthly amortization based on the approved term, which may be up to a maximum of thirty (30)
years with the following considerations:
1. Approval and term shall be subject to eligibility requirements stipulated under the Circular 383 Guidelines on sale of Pag-IBIG FUND Real and
Other Properties Acquired;
2. The amount shall be the bidder's bid offer. net of the 10% down payment;
3. In case the application has been disapproved, the 10% bidder's bond shall be forfeited in favor of the Fund.
4. The buyer shall be required to file his Long term installment application and pay the following incidental expenses within thirty (30) calendar days
from receipt of the Notice of Loan Approval:
a. Processing fee of the Three Thousand Pesos (the P1 ,000.00 shall be paid on the auction day while the remaining P2,000.00 shall be paid
upon submission of complete requirements);
b. Equity, if applicable;
c. One year advance insurance premiums (sales redemption insurance as well as fire and allied peril insurance);
5. In case the Bid Offer, net of the ten percent (10%) bid bond and additional discount, is still higher than the appraisal value of the property, the
amount in excess of the excess of the appraisal value shall be treated as equity. It shall be paid by the buyer within thirty (30) calendar days
upon receipt of Notice of Loan Approval.
6. Original Borrowers who wish to participate on the Sealed Public Auction shall not be allowed to bid thru long term installment availment. They
may only bid thru cash or short term installment basis.
12 Discounts are not applicable during First Sealed Public Auction.

13 The Bidders shall be present at the opening of bids. Bidders may oesiqnate their Authorized Representatives, provided they shall issue the following documents:
a. Notarized Special Power of Attorney (SPA) for individual-bidder. The SPA for bidding may be downloaded at www.paqibiqfund.qov.ph/aa/aa.aspx
(Other properties for sale-Disposition of Acquired Assets for Public Auction)
 t, Secretary's Certificate for company-bidder

14 • The opllning of 9ids shall commence from 1:30 PM or upon declaration by the Committee until completion.

15 The bidder who offers the highest bid shall be declared as the winner.

16 In case there are identical offers constituting the highest bids, the tie shall be resolved by considering the Mode of Payment. The Priority in
terms of mode of payment shall be as follows:
a. Cash;
b. Short-Term Installment;
c. Long-Term Installment;
If there is still a tie after considering the mode of payment, it shall be resolved immediately through toss coin. However, in case there are more
than two (2) highest bidders, the tie shall be resolved based on the time of re~istration of bids.

17 The non-winning bidders' respective bid bonds shall be returned to them immediately together with an Acknowledgment Receipt once a winning bidder
has been declared.

18 If the winning bidder fails or refuses to push through with the purchase of the property, or fails to pay in full the remaining balance within 30 calendar days from receipt of
the Notice of Award (NOA), he shall lose his right as winning bidder and the 10% bidder's bond shall be forfeited in favor of the Fund.

19 The Fund shall declare the next highest bidder as the winning bidder in case the sale to the original winning bidder is cancelled. He shall be
required to pay a down payment of 10% of the offer price within 15 calendar days from notification and the remaining ninety percent (90%) of his
bid price within the approved payment period. In the event there are two (2) or more complying bidders, the same rule on resolving the ties shall
be applied.

20 Interested parties may visit the ACQUIRED ASSETS MANAGEMENT at the 3rd floor, Pag-191G FUND - WT Corporate Tower, Mindanao Avenue, Cebu Business Park,
Cebu City or contact MR. ANGELO ~ HERMOSISIMA or MS. JERRA MAE Q, PACINIO at telephone nos. (032) 260-1800 and (032) 412-2110. You may also email your
inquiries for further details at dcbelicario@pagibigfund.gov.ph or aehermosisima@pagibigfund.gov.ph or cebulmrd.lrrd2@pagibigfund.gov.ph.

PAG·IBIG FUND RESERVES THE RIGHT TO REJECT ANY OR ALL BIDS, TO WAIVE ANY FORMALITY THEREIN OR ACCEPT SUCH BIDS AS MAY BE
CONSIDERED MOST ADVANTAGEOUS TO THE FUND. THE DECISION OF THE FUND IS FINAL AND BINDING.

TP-25606 consolidated to HDMF

,
3 8023413213 2 2 - 90.00 32.25 TP-14291 602,813.33 for consolidation CTS

4 8023411116 3 14 - 76.00 29.00 TP-14390 552,400.00 for consolidation CTS

5 8023273111 5 14 - 72.00 24.40 TP-14392 345,900.00 for consolidation CTS

6 8023289717 10 15 81.00 24.40 TP-14415 444,660.00 for consolidation CTS

7 8023289511 12 15 - 74.00 24.40 TP-14417 403,740.00 for consolidation CTS

, '- if .:ww"p@1J ·ijJ%0i:ti@('tJ¥Bt.
JAVIJ:K. ~'Y tm ' liF
CULTURA SUBDIVISION, ELAWOD, JAVIER, LEYTE
8 8023274311 244-9-23 - 180.00 TP-18160 117,000.00 consolidated to HDMF

9 8023253811 244-9-24 - 179.00 TP-18149 116,350.00 consolidated to HDMF

10 8023251910 244-9-25 - - 179.00 TP-18538 116,350.00 consolidated to HDMF

11 8023376916 244-9-36 - 180.00 TP-25745 108,000.00 consolidated to HDMF

12 8023330312 244-9-43 - 181.00 TP-25724 117,650.00 consolidated to HDMF

13 8023329918 244-9-44 - 181.00 TP-26035 117,650.00 consolidated to HDMF

consolidated to

consolidated to HDMF

16 8023428814 17 52 75.00 T-61274 262,500.00 for consolidation REM

17 8023427614 24 34 54.00 24.85 122-2014000366 277,682.73 consolidated to HDMF

KASSEL HOMES SUBDIVISION ANIBONG TACLOBAN CITY LEYTE
18 8023339518 29 8 35.00 34.30 122-2013001249 220,920.00 consolidated to HDMF
19 8023288516 30 8 35.00 24.85 122-2011000979 230,230.00 consolidated to HDMF
20 8023335315 18 9 35.00 24.85 T-66691 252,966.67 consolidated to HDMF

T-68128 493,090.82 for consolidation REM

T-54664 254,640.00 for consolidation REM

, , ,
23 8023257114 11 1 90.00 T-70809 234,000.00 consolidated to HDMF
24 8023295114 3 5 90.00 T-70830 234,000.00 consolidated to HDMF
25 8023275414 4 5 90.00 - 122-2011000226 234,000.00 consolidated to HDMF

122-2012000513 1,307,383.20 consolidated to HDMF

122-2016001767 303,986.67 consolidated to HDMF

122-2012000873 502,943.60 consolidated to HDMF

T-62456 & T-62458 1,134,000.00 for consolidation CTS

122-2014000500 409,224.80 consolidated to HDMF

122-2013000233 600,000.00 consolidated to HDMF

122-2011000773 777,500.00 consolidated to HDMF

8023269918 T-5783 288,900.00 consolidated to HDMF

I MAASIN CITY, SOUTHERN LEYTE

EQUIPILAG SUBDIVISION PANANAWAN MAASIN CITY SOUTHERN LEYTE
34 8023394118 22 6 150.00 117-2013000053 150,000.00 consolidated to HDMF
35 8023308614 27 6 150.00 117-2012000027 150,000.00 consolidated to HDMF

CATBALOGAN, SAMAR

8023347111 T-12761 1,217,406.67 for consolidation CTS

CITY HOMES SUBDIVISION JIA AN JIABONG SAMAR

37 8023250318 3 1 113.00 30.00 T-10712 238,564.40 for consolidation CTS

38 8023280912 13 1 100.00 36.00 T-10722 218,827.40 for consolidation CTS

39 8023277217 15 3 100.00 30.00 T-10752 214,064.00 for consolidation CTS

40 8023278015 16 3 100.00 30.00 T-10753 214,064.00 for consolidation CTS

41 8023258715 20 3 100.00 30.00 T - 10757 228,080.00 for consolidation CTS

42 8023277315 11 7 135.00 30.00 T-10801 244,689.60 for consolidation CTS

43 8023250210 12 7 100.00 30.00 T-10802 214,939.60 for consolidation CTS

44 8023250513 2 9 146.00 30.00 T-10822 266,614.40 for consolidation CTS

45 8023281114 3 9 149.00 30.00 T-10823 233,535.80 for consolidation CTS

46 8023281212 4 9 147.00 30.00 T-10824 233,931.60 for consolidation CTS

47 8023280716 5 9 140.00 30.00 T-10825 233,520.50 for consolidation CTS

48 8023278211 9 9 120.00 30.00 T-10829 231,939.60 for consolidation CTS

49 8023278113 10 9 120.00 30.00 T-10830 208,885.80 for consolidation CTS