Académique Documents
Professionnel Documents
Culture Documents
(V01 , 11/2018)
For 1st Public Auction
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(Cebu Housing Hub)
INVITATION TO BID
The Pag-lBIG Fund Committee on Disposition of Acquired Assets shall conduct a public auction for the sale of
acquired properties at 5th Floor, Audio Visual Room. Paq-lBIG FUND - WT Corporate Tower, Mindanao Avenue, Cebu
Business Park, Cebu City on:
GENERAL GUIDELINES
1. Interested parties are required to secure copies of OFFER TO BID (HQP-AAF-103 if individual bidder or HQP-AAF-238
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if juridical entity) from the Technical Working Group (TWG) on the venue or may download the form at
www.paqibiqfund.qov.ph.
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 www.pagibigfund.gov.ph .
4. Bidders are also encouraged to visit our website, www.pagibigfund.gov .ph. five (5) days prior the actual auction date , to
check whether there is any erratum posted on the list of properties posted under the sealed public auction .
5. Bidders are advised to approach the Technical Working Group (TWG) for registration of their attendance on the system
during the auction. Only bid offers from reg istered bidders shall be accepted .
6. Sealed proposals sha ll be received by the Committee on Disposition of Acquired Assets· Secretariat at the designated
venue, starting 9:00 AM but not later than 12:00 NN or upon declaration of the closing of bid acceptance by 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 comm ittee earlier or later than the scheduled date.
7. 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 .
8. 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 .
9. Each bid proposal shall be accompanied by a BIDDER'S BOND either in CASH or MANAGER'S CHECK issued by
any commercial bank or un , in Philippine Currency, payable to Pag-lBIG Fund for an amount equivalent to 5% of the
BID OFFER. It shall likewise serve as the down payment of the winning bidder.
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 rema ining ninety 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 Safe (DCS).
b. Short-Term Installment - the balance on the net selfing price shall be paid in equal monthly insta llment 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 requ irements stipulated under the Circular 428 Omn ibus
Guidelines on Sale of Pag-lBIG Fund Real and Other Properties Acquired ;
c.2. The amount shall be the bidder's bid offer, net of 5% downpayment;
HQP-MF-101
(V01 , 11/2018)
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c.3. The bidder shall be required to file his/her Long-Term Installment application and pay the following incidental
expenses within thirty (30) calendar days from auction date:
- Processing fee of Two Thousand Pesos (P2,000.00) shall be paid upon submission of complete
requirements;
- Equity, if applicable;
- One-year advance insurance premiums (sales redemption insurance as well as non-life insurance);
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 negotiated 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.
12. Discounts are not applicable during First Sealed Public Auction.
13. The Bidders shall be present at the opening of bids. Bidders may designate 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.pagibigfund.gov.phlaa/aa.aspx (Other properties for sale-Disposition of
Acquired Assets for Public Auction). 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
NOTE: The suggested template of the said documents may be downloaded at www.pagibigfund.gov.ph.
14. The Opening of Bids shall commence from 12:01 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.
17. 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 through draw lots.
18. 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.
19. 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
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winning bidder and the 5% bidder's bond shall be forfeited in favor of the Fund.
20. 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 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.
21 . Interested parties may visit the 3rd Floor, Pag-lBIG FUND -WT Corporate Tower, Mindanao Avenue, Cebu Business
Park, Cebu City or contact MR. ANGELO E. HERMOSISIMA: MS. JERRA MAE D. PACINIO AND MS. KAYE
ANTONETTE A. DIANO at tel. nos. (032) 260-1800 and (032) 412-2110. You may also email your inquiries for further
details at aehermosisima@pagibigfund.gov.ph or cebulmrd.lrrd2@pagibigfund.gov.ph.
PAG-IBIG FUND RESERVES THE RIGHT TO REJECT ANY O R 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.
TTY. M
OVPV ony7
D. DIAZ
I LAPU-LAPU CITY
BF BETTERLIVING SUBDIVISION BASAK LAPU-LAPU CITY CEBU
8067190701 00030 31 5 35.00 44.58 110-2019000114 986,500.00 consolidated lo HDMF
18 806719071900016 14 & 15 22 80.00 88.00 70927 and70928 1,670,696.00 for consolidation REM
I CONSOLACION, CEBU
I LILOAN, CEBU
BLASAB HOMES SUBDIVISION SAN VICENTE LILOAN CEBU
33 867201906260002 3823-L 100.00 TP-29938 430,000.00 for consolidation CTS
I COMPOSTELA, CEBU
HENNAVILLE SUBDIVISION ESTACA COMPOSTELA CEBU
36 806718092400115 7 8 50.00 61 .93 111-2019000040 1,485,000.00 consolidated to HDMF
37 867201810180027
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14 12 50.00 61.93
MR-3049
1,485,000.00 for consolidation CTS
(TP_63844)
COMPOSTELA BEACHLINE COMMUNITY SUBDIVISION ESTACA COMPOSTELA CEBU
38 806719053000030 8 4 50.00 30.00 MR-5666(TP-63844) 553,980.00 for consolidation REM
MEDELLIN, CEBU
NEW MEDELLIN ESTATE SUBDIVISION POBLACION MEDELLIN CEBU
41 806719070100005 9 38 100.00 T-107191 200,000.00 for consolidation REM
CEBU CITY
BACAYAN CEBU CITY CEBU
(T-189206) 107-
43 864201902260002 0513-8-8-J-5 106.00 91.90 2,513,400.00 for consolidation REM
2018004558
JOSEVILLE SUBDIVISION BACAYAN CEBU CITY CEBU
44 806419102800010 10-N-3 36.00 40.90 107-2014001544 517,087.00 consolidated to HDMF
~
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I TALISAY CITY, CEBU
PALM RIVER SUBDIVISION BIASONG TALISAY CITY CEBU
46 806419032600076 17 3 2 47.00 62.00 102-2015004359 1,842,049.82 for consolidation CTS
I MINGLANILLA, CEBU
DECA HOMES SUBDIVISION TUNGKIL MINGLANILLA CEBU
49 806418092600050 24 4 1 52.00 50.40 T-144641 1,254,659.20 for consolidation REM
62 806419053000085 https://www.foreclosurephilippines.com
24 15 3 38.00 46.40 102-2011004483 974,844.27 for consolidation REM
BALAMBAN,CEBU
SAN JOSEMARIA VILLAGE BUANOY BALAMBAN CEBU
70 806419053000037 3 19 40.00 4800 113-2012000030 1,012,766.67 for consolidation CTS
INSTRUCTION TO BIDDERS
1. Sign the Attendance Sheet during the public auction.
2. Secure 1 copy of the Offer to Bid (For Sealed Public Auction) from the Technical Working Group (TWG)
on the scheduled date of Auction at the announced Venue.
3. Fill out the Offer to Bid and affix signature on the designated portion of the form.
4. Insert the accomplished Offer to Bid in an envelope together with the bidder’s bond, and seal it.
NOTES:
a. Each bid must be accompanied by a bidder’s bond in the form of cash or manager’s check issued
by any commercial bank, payable to the Pag-IBIG Fund in the amount equal to at least five
percent (5%) of the bid price. Such deposit shall serve as the winning bidder’s down payment or
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shall be returned to the non-winning bidder, without interest, upon completion of the public
auction.
Sample Computation:
(Bid Amount) x 5%
(P 400,000.00) x .05
b. The bid amount shall in no case be lower than the minimum bid price determined by the Fund
indicated in the Invitation to Bid.
5. Submit the sealed envelope at the announced venue from 10:00 AM to 12:00 PM of the scheduled date
for sealed public auction.
Public Auction - For Individual Buyer
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□
OFFER TO BID
Date
Relative to your "INVITATION TO BID" on sale of acquired properties published in the newspaper/Pag-lBIG Fund
website to be held on _ _ __ _ _ a t - -- - - - - - - - - - - - - - - - ----,-----:c---,------,---,-
1/We hereby submit my/our bid offer, subject to the terms and conditions stated in the Invitation to Bid and the
Guidelines Implementing the Sale of Pag-lBIG Fund Acquired Assets Program:
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NAME OF BUYER DATE OF BIRTH
Lest Hime FQ¼,r,e
I I I~I I 1· 1 I I I I
Na'"- Extension (e.g. Jr., Ill} Middf(tNamt1 M,fd.,, 11,Jm,
m m d d y y y y
SSS/GSIS ID NO.
7 Married
I
n LegaHy Separated
TAXPAYERS ID NO. (TIN) COMMON REFERENCE NO. (CRN)
II I I I I IIIIII
PRESENT HOME ADDRESS
lh>Mloom No•. P/oor B"Ui1d~N•m• Lot No., &ock No.. Phaie No. or Hoose No. Stffft Name
II I I IIIIIIII
Home Tel. No.
c=11
Emall Address
I
EMPLOYER/BUSINESS NAME
I I
EMPLOYER/BUSINESS ADDFiESS
1/n,1/Room Ho.• Fioc, Bulding Name Lot No. Bto<Jt No-. Pilase No. o, i.ouu No. Street N,mt
PREFERRED MAILING ADDRESS
0 Present Home Address
Subdivision B,ran,g,y Muoic.f,.tlWy/CJry P10Wlce and Slate COunhy (I abrood} ZIP Code 0 Employer/Business Address
0 Permanent Home Address
C]I I
EmployerlBualn•n TeL No·,
SUbdh,q'iOr, a.r.,,P"Y """k;,.tly/Cly Province and Slate Counlry (¥ ab,oa,dJ ZIPCode
C]I
E""'II Address
I
EMPLOYER/BUSINESS NAME
I I
EMPLOYER/BUSINESS ADDRESS
Uni/Room No. , Floor Buidlng Nam• Lot N!J... Block No.• Phasa No. or Hou•• No. SU.t!Name
PREFE RRED MAILING ADDRESS
0 Present Home Address
SUbdlv~iol, s.r,"""y Mu,,kj>ol,ly/Cty Pro..,.. •nd SUI• Country (I .,,_di ZIP Code
0 Employer/Business Address
D Permanenl Home Address
CERTIFICATION
INVe certlly that lhe foregoing information/statement is to my knowledge, true, correct, complete and update<! and I/We lnvestigate and inspect
the said propertyroes before tendering this offer to purchase . The signature appearing below is genuine. Further, INVe hereby agree of lhe following:
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1) to purchase the prope,iyr,es on • A.a Is, Where Is" basJs on whi ch I/we accept the physical condition of the propeny/ies Including whether it is
occupied or no~
2) to hold Pag-lBIG Fund free and harmless from li abilities of whatever kind and nalure arising out of any legal claims whicti may be filed by
lhird persons involving the propertyroes;
3) that I/We enclose my/our CASH payment/s Of' MANAGER's CHECK payable to lhe Pag-lBIG FUND, as bidder's bond In the amount at least
5% of the bid offer. The said deposit shall be returned Ii my/our proposal is deemed unsuccessful, or applied as part of the payment if my/our bid is
declared as winning bid by the Pag-IB IG FUND.
4) that Pag-lBIG Fund has no commitment and makes no guaranty to approve the offer, as· it is understood to be subject to final approval by
Pag-lBIG Fund's approving authorities.
5) that should my/our application be approved, notarial and all other fees pertaining to the purchase of the propertyT,es shall be for my/our account
Funner, I/we hereby a9ree and consent to the c;olloction, generation, use, processing, slorage and retention of my/our personal information for
the purpose/s of acquiring a Pag-lBIG Fund acquired asseVs. I/we understand that my/our personal information will be shared with other government
agencie.s and to third parties as may be necessary, for the use of which shall be governed by the Republic Act !No. 10173 also known as the ·Data
Privacy Act or 2012· and its Implementing rules and regulations, I/we promise to notify Pag-lBIG Fund should there be any amendment or changes
In my/our personal information indicated herein.
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SPECIAL POWER OF ATTORNEY
2. To make, sign and submit any documents which may be required by the Pag-
IBIG Fund subject of my/our participation in public bidding and post-bid
documentation thereafter if in case that my/our bid is declared as the winning
bid;
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5. To perform other acts that the bidder is required to perform in relation to the
said public auction of the Fund.
HEREBY GIVING AND GRANTING unto my/our said Attorney-in-Fact full power
and authority to do and perform each and every act which may be necessary or
convenient, in connection with any of the foregoing as fully to all intents and purposes as
I/We might or could do, if personally present and acting in person, HEREBY RATIFYING
AND CONFIRMING all that my said Attorney-in-Fact may also do or cause to be done
under and by virtue of these presents.
____________________________ ____________________________
Attorney-in-Fact Bidder
____________No._____________ _____________No.____________
Date of Issue _________________ Date of Issue _________________
Expiry Date __________________ Expiry Date __________________
____________________________
____________________________ ____________________________
HQP-AAF-119
(V01, 06/2017)
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ACKNOWLEDGMENT
The foregoing instrument which relates to a SPA consists of ________ (___) pages
including the page on which the acknowledgment is written, has been signed by the
parties and instrumental witnesses on all pages thereof, in my presence, and sealed with
my Notarial Seal.
NOTARY PUBLIC
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Doc. No. __________;
Page No.__________;
Book No.__________;
Series of __________.