| Type | SINGLE ATTACHED |
| Property Number | 895201912270002 |
| TCT Number | T-69,981(a.f.) |
| Location | BLOCK 29 LOT 1, TINAGO BEL-AIR SUBDIVISION, BURU-UN, ILIGAN CITY, LANAO DEL NORTE, REGION 10 (NORTHERN MINDANAO), 9200 |
| Province | Lanao Del Norte |
| City | Iligan |
| Appraisal Date | 09/08/2023 |
| Lot Area | 135.00 |
| Floor Area | 57.10 |
| Minimum Bid | ₱1,234,100 |
| Remarks | TCT - HDMF ; OCCUPIED |
| Legal Concern | 21710.19 |
| Auction Date | July 22 - 26, 2024 |
| Location | Refer to Notes Below |
| Contact Details | Opening of Offers: July 29, 2024 |
| ### INSTRUCTION TO BIDDERS 1. Select property/ies from the list of properties available for public auction posted at Pag-IBIG Fund official website @ www.pagibigfund.gov.ph then click Properties for Sale (Public Auction with discount or with no discount). Bidders should read the Invitation to Bid posted for the general guidelines and use the following forms: a. Offer to Bid (for Individual HQP-AAF-103 (V02) or Juridical HQP-AAF-238 (V02) ). b. Special Power of Attorney (HQP-AAF-119) (if with representative). c. Secretary’s Certificate for company-bidder - HQP-AAF-120 (V02). d. Instruction to Bidders. 2. Inspect the chosen property/ies prior to submission of bid offer and determine if there are any unpaid dues on the property/ies. The properties are sold on an “As Is, Where Is” basis, whatever physical/ occupancy status and any fees, dues pertaining to the properties shall be for the account of the winning bidder. 3. Secure two (2) copies of Offer to Bid Form (individual bidder or juridical entity) at www.pagibigfund.gov.ph then click Properties for sale - Public Auction without discount – select the related Tranche Number and and click/ tap “click here to open complete details”); Or you may secure these copies to related drop box location. 4. Fill out 2 copies of Offer to Bid Forms (should be properly accomplished to avoid disqualification of your bid offer/s) and AFFIX SIGNATURE on the designated portion of the form. Note A. The bid amount shall in no case be lower than the minimum bid price indicated in the Invitation to Bid. Note B. Selling Price will be based on your bid amount/ offer 5. Bidder shall register and submit/ drop his sealed envelope at the Acquired counter servicing in accordance with the schedule date posted. Please provide another photocopy of valid ID upon registration. Enclose in the envelope the following: a. 2 duly accomplished Offer to Bid forms b. Photocopy of valid IDs with 3 specimen signatures c. Proof of latest income (for long term installment mode of payment only) d. Special Power of Attorney (HQP-AAF-119) together with photocopy of valid IDs of Attorney-In-Fact (if with representative) or Secretary’s Certificate for company-bidder (with photocopy of valid ID’s of representative). e. Signed copy of Instruction to Bidders 6. No more bid offer/s shall be accepted from the unregistered bidder/s after the cutoff of time and date posted. 7. The opening of sealed envelopes shall be done on the date posted (Bidders are not required to attend on the opening date as the IATF still prohibits mass gathering). 8. Should the bidder unable to register and submit their bid offer in person, the bidder may designate his/her/their Authorized Representative provided they shall present the following documents: a. For individual bidder - Notarized Special Power of Attorney (HQP-AAF-119) together with one (1) government issued ID each for the bidder and Authorized Representative. NOTE: In case the bidder is an OFW, the SPA shall be duly certified and authenticated by the Philippine Embassy or Consulate in the country where the bidder is assigned/working. b. For juridical entity - Secretary’s Certificate HQP-AAF-120 (V02) together with one (1) government issued ID each for the bidder and Authorized Representative. NOTE: The suggested template of the said documents may be downloaded at https://pagibigfund.gov.ph/acquiredassets.html 9. Drop the accomplished Registration form in the Registration drop box and your sealed Bid Offer (please refer to item no.5 for your reference) in the Bid drop box. 10. At cut-off time, all bid offers received shall be opened on the scheduled date posted. Any bid offers submitted after the cut-off time shall no longer be accepted. 11. The bidder who offers the highest bid shall be declared as the winner. Bidder/s will be informed to pay his 5% bid bond and receive his Notice of Award within 3 working days after the notification. 12. The result of the sealed public auction shall be released and posted at https://pagibigfund.gov.ph/acquiredassets.html Bidders are encourage to check the result on the said website. 13. The non-winning bidders will be informed after the opening and established the results of the highest bid offers. 14. 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 5% bidder’s bond shall be forfeited in Favor of the Fund. 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. ### GENERAL GUIDELINES 1. Interested parties are required to secure copies of OFFER TO BID (HQP-AAF-103 if individual bidder or HQP-AAF-238 if juridical entity) from the Acquired Asset frontline counter servicing or may download the form at https://www.pagibigfund.gov.ph/acquiredassets.html . 2. Properties shall be sold on an “AS IS, WHERE IS” basis which means that the bidder accepts whatever the physical status of the property/ies (including whether it is occupied or not). 3. All interested bidders are encouraged to inspect the property/ies before tendering their offer/s. The list of the properties for public auction may be viewed at https://www.pagibigfund.gov.ph/acquiredassets.html , click "Properties under Public Auction No discount" - select related Tranche No. - click/ tap “click here to open complete details”. 4. Discounts are not applicable during First Sealed Public Auction. 5. Bidders are encouraged to visit the above said website five (5) days prior the actual opening of bid offers, to check whether there is any erratum posted on the list of properties posted under the sealed public auction. 6. Bidders shall be required to register prior to dropping of sealed bid offer/s. Only bid offers from registered bidders shall be accepted and a registration stub will be issued as proof of registration. 7. Bidders are advised to submit their proposals together with a photocopy of their valid Identification (ID) card and latest proof of income only on the scheduled date of batch. No proposals shall be accepted earlier or later than the scheduled date. Acceptance of sealed bid offer/s shall be (depends on the locations of properties): For Pangasinan: from 8:00 AM to 5:00 PM For Calabarzon: from 8:00 AM to 5:00 PM For Others: from 8:00 AM to 4:00 PM For Western Visayas (Bacolod City, Iloilo City, Negros Occidental & Iloilo): from 8:00 AM to 5:00 PM , to the designated Pag-IBIG Fund Offices (depends on the locations of properties): For Bulacan, Nueva Ecija, Pampanga, Tarlac: SUBURBIA COMMERCIAL CENTER, MAIMPIS CITY OF SAN FERNANDO PAMPANGA For Batangas, Bulacan, Cavite, Laguna, Metro Manila and Rizal: 1) Pag-IBIG NCR - Ground Floor JELP Business Solutions Center, 409 Shaw Boulevard, Brgy. Addition Hills, Mandaluyong City 2) Dasmarinas, Cavite - Volets Commercial Building, E. Aguinaldo Hi-way, Dasmariñas, Cavite 3) San Pedro MSB - 3/F Robinsons Galleria South, Km. 31 National Highway, Brgy. Nueva, San Pedro, Laguna For Pangasinan: 2nd Floor Pag – IBIG Fund Building, Sevilla, San Fernando City, La Union For Calabarzon: Ground Floor High Rise Business Center, National Highway, Barangay Halang, Calamba City, Laguna For Western Visayas (Bacolod City, Iloilo City, Negros Occidental & Iloilo): 1) Pag-IBIG Fund Bacolod - 2nd Floor Gaisano Grand City Mall 2) Pag-IBIG Fund Iloilo – Plazuela de Iloilo, Iloilo City 3) Pag-IBIG Fund Roxas – A & T Santos Building, Roxas City a) Notarized Special Power of Attorney (SPA) for individual-bidder (HQP-AAF-119 (V01) and valid identification (ID) card of the bidder and their representative (with 3 specimen signature). The SPA for bidding may be downloaded at https://www.pagibigfund.gov.ph/acquiredassets.html Also, if the bidder is based or is currently working abroad, SPA must be notarized at the Philippine Consular Office. b) Secretary’s Certificate for company-bidder - HQP-AAF-120 (V01) and valid identification (ID) card of the Corporate Secretary and their representative (with 3 specimen signature). NOTE: The suggested template of the said documents may be downloaded at https://www.pagibigfund.gov.ph/acquiredassets.html . 9. The bidder shall state in words and in figures the amount of his/her bid offer and his/her chosen mode of payment in the Offer to Bid form. The BID OFFER shall not be lower than the minimum bid set by the Fund. 10. 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. 11. The determination of winning bidders shall be on the following dates and details (depends on the locations of properties): For Bulacan, Nueva Ecija, Pampanga, Tarlac: SUBURBIA COMMERCIAL CENTER, MAIMPIS CITY OF SAN FERNANDO PAMPANGA For Batangas, Bulacan, Cavite, Laguna, Metro Manila and Rizal: JELP Business Solutions Center, 409 Shaw Boulevard, Bgy. Addition Hills, Mandaluyong City. For Pangasinan: 2nd Floor Pag – IBIG Fund Building, Sevilla, San Fernando City, La Union For Calabarzon: 4F Conference Room, High Rise Business Center, National Highway, Barangay Halang, Calamba City, Laguna. For Western Visayas (Bacolod City, Iloilo City, Negros Occidental & Iloilo): Counter (6), 2nd Floor Gaisano Grand City Mall, Araneta St., Brgy. Singcang, Bacolod City 12. The determination of winning bidders shall be monitored by a representative from Commission on Audit (COA). Attendance of the bidder/s in the venue is not required. 13. The bidder who offers the highest bid shall be declared as the winner. 14. 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. 15. If there is still a tie after considering the mode of payment, it shall be resolved through toss coin. However, in case there are more than two (2) highest bidders, the tie shall be resolved through draw lots. 16. The result of the sealed public auction shall be released and posted in the Pag-IBIG Fund official website at www.pagibigfund.gov.ph . Bidders are encourage to check the result on the said website. 17. Any notification sent by Pag-IBIG Fund through email or SMS shall be sufficient compliance to the notification requirements and presumed to be deemed received by the buyer. In this regard, the Bidder shall ensure that the contact number and email address indicated on the Offer to Bid are active. The bidder shall inform PagIBIG Fund immediately on any changes on his/ her contact number. 18. The winning bidder shall be required to pay his/her BID BOND equivalent to five percent (5%) of the BID OFFER and shall be paid within 3 working days after the publication of the winning bidders. It shall be in Philippine Currency and may be in the form of cash or manager’s check payable to Pag-IBIG Fund. It shall likewise serve as the down payment of the winning bidder. 19. For bidders whose bid bond is in the form of a MANAGER’S CHECK, they 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. 20. Payment of the remaining ninety five percent (95%) bid offer balance may either be thru any of the following modes: a. Cash Payment – the balance on the net selling price shall be paid not later than thirty (30) calendar days from date of signing of Deed of Conditional Sale (DCS). b. Short-Term Installment – the balance on the net selling price shall be paid in equal monthly installment 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: c.1. Approval and term shall be subject to eligibility requirements stipulated under the Circular 428 Omnibus Guidelines on Sale of Pag-IBIG Fund Real and Other Properties Acquired; c.2. The amount shall be the bidder’s bid offer, net of 5% downpayment; c.3. The bidder shall be required to file his/her Long-Term Installment application and pay the processing fee within thirty (30) calendar days upon receipt of Notice of Award: - Incidental expenses and - Equity, if applicable; c.4. In case the Bid Offer, net of the five percent (5%) bid bond and additional discount, is still higher than the approved amount for Long Term Installment, the amount in excess shall be treated as equity. It shall be paid by the buyer within thirty (30) calendar days from receipt of Notice of Conditional Approval of Sale (NCAS). c.5. Original Borrowers who wish to participate on the Sealed Public Auction sale shall not be allowed to avail long term installment as mode of payment. They may only submit offer thru cash or short-term installment basis. c.6. In case the application has been disapproved due to buyer’s fault, the 5% bidder’s bond shall be forfeited in favor of the Fund. 21. 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 5% bidder’s bond shall be forfeited in favor of the Fund. 22. 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 5% of the offer price within 15 calendar days from notification and the remaining ninety five percent (95%) of his/her bid offer within the approved payment period. In the event there are two (2) or more complying bidders, the same rule on resolving ties shall be applied. 23. Interested parties may contact (depends on the locations of properties): For Bulacan, Nueva Ecija, Pampanga, Tarlac: Ms. Maricel T. David Tel. No.: 0960-913-7926 snfernandolmrd.aad@pagibigfund.gov.ph For Batangas, Bulacan, Cavite, Laguna, Metro Manila and Rizal: Ms. Rhodora D. Atil, Ms. Jonnise Natividad, Mr. Marcelino C. Caliguiran Jr, Mr. Conan G. Acenas, Ms. Jelian Joy Frac, Ms. Kheenee O. Arnejo, Mr. Ron Michael G. Calina, Mr. Roger T. Delmiguez, Ms. Ivy Manigao, Mr. Jeffrey Cacayuran, Mr. Erris A. Agoncillo and Mr. Joseph Nicole Z. Santos Tel. No.: (02) 8654-9244 masd.bidding@pagibigfund.gov.ph For Pangasinan: Ms. Josephine M. Jacinto, Ms. Jean R. Fontanilla, Ms. Shera C. Barba and Mr. Harley Danne Pagtey Tel. No.: (072) 242-1947 / 0961-4344976 (smart) / 0956-0983953 (globe) luhbc_aad@pagibigfund.gov.ph For Calabarzon: Mr. Archimedes B. Bergancia, Mr. Alexses P. Orias, or Ms. Emelita D. Macale Tel. No.: 0905-523-5434 / 0961-234-1083 / (02) 8422-3000 local 6403 or 6410 calambalmrd.tfaamms@pagibigfund.gov.ph For Western Visayas (Bacolod City, Iloilo City, Negros Occidental & Iloilo): 2nd Floor Gaisano Grand City Mall, Araneta St., Brgy. Singcang, Bacolod City or contact Ma. Imelda B. Tadifa, Pauline Angela J. Mabasa and Liza Mae Y. Jaranilla Tel. No.: (034) 707-1535 / 0961-1444254/0927-1446454 bacolodlmrd.lrru@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. ### Contact Refer to the Notes Above ### Final Reminder From Us Note: All the above information (including details of listings, links, download links or any other information posted) may change without notice, please contact the bank representative for updated and correct information before making any decisions. |