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V "\ Home Development Mutual Fund Davao Housing Hub Pryce Tower Condominium, Pryce Business Park JP Laurel Avenue, Davao City INVITATION FOR PUBLIC AUCTION MAY 2, 2019 The Home Development Mutual Fund (Pag-lBIG FUND) Davao Housing Hub-Committee on Disposition of Acquired Assets shall conduct a FIRST(1sr) and SECOND (2N°) PUBLIC AUCTION for the following ACQUIRED RESIDENTIAL PROPERTIES on MAY 2, 2019, 10:31 AM at 4TH FLOOR, RD FUNCTION HALL, EIGHTY EIGHT HOTEL, GENSAN DRIVE, BARANGAY ZONE Ill, KORONADAL CITY. A PRE-BID CONFERENCE will be conducted on the same date at 8:30 AM. PROPERTY LOCATION OF PROPERTY LOT FLOOR MINIMUM (TUPI, KORONADAL CITY, SURALLAH AND T'BOLI PROPERTIES) STATUS OF TCT ITEM NO. BLK LOT DESCRIPTION AREA AREA BID PRICE FOR FIRST PUBLIC AUCTION TUPI TUPI PILOT SUBDIVISION 1 06 03 Tupi Pilot Subdivision, Poblacion, Tupi 97.50 30 .25 254,250.00 HDMF - Consolidated 2 06 12 Tupi Pilot Subdivision, Poblacion, Tupi 97.50 30 .25 235,450.00 HDMF - Consolidated KORONADAL CITY MARANON VILLAGE 3 1141-A-4-F-9-D Maranan Village, Marbel, Koronadal City 369.00 LOT ONLY 756,450.00 HDMF - Consolidated ST. GABRIEL 4 20-J-10-G St. Gabriel, Marbel, Brgy. Zone Ill, Koronadal City 300 .00 110.60 1,365,000.00 HDMF - Consolidated AGAN HOMES EAST 'j 5 09 11 Agan Homes East, Phase I, Santa Cruz, Koronadal City 143.00 42.00 572,700.00 CTS - For Consolidation to HDMF 6 04 13 Agan Homes East, Phase I, Santa Cruz, Koronadal City 143.00 42.00 647,926.67 CTS - For Consolidation to HDMF 7 04 13 Agan Homes East, Phase II , Santa Cruz, Koronadal City 147.00 42.00 634,020.00 CTS - For Consolidation to HDMF SAN ANTONIO VILLAGij 8 02 09 San Antonio Village, etia se I, Santa Cruz, Koronadal City 130.00 42.1 DO 664,000.00 HDMF - Consolidated 9 22 14 San Antonio Villaj ~, f he se I, Santa Cruz, Koronadal c:J.y 128.00 42.1 )0 652,044.00 HDMF - Consolidated 771nr , A L--r n I CV , J I r https://www.foreclosurephilippines.com Visit https://www.foreclosurephilippines.com for more updated listings of foreclosed properties, auction schedules, and real estate investing tips

tips HOTEL, GENSAN DRIVE, BARANGAY ZONE Ill, KORONADAL CITY. A PRE-BID CONFERENCE will be conducted on the same date at 8:30 AM. PROPERTY LOCATION OF PROPERTY LOT FLOOR MINIMUM TUPI

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V"\

Home Development Mutual Fund Davao Housing Hub

Pryce Tower Condominium, Pryce Business Park JP Laurel Avenue, Davao City

INVITATION FOR PUBLIC AUCTION

MAY 2, 2019

The Home Development Mutual Fund (Pag-lBIG FUND) Davao Housing Hub-Committee on Disposition of Acquired Assets shall conduct a FIRST(1sr) and SECOND (2N°) PUBLIC AUCTION for the following ACQUIRED RESIDENTIAL PROPERTIES on MAY 2, 2019, 10:31 AM at 4TH FLOOR, RD FUNCTION HALL, EIGHTY EIGHT HOTEL, GENSAN DRIVE, BARANGAY ZONE Ill, KORONADAL CITY. A PRE-BID CONFERENCE will be conducted on the same date at 8:30 AM.

PROPERTY LOCATION OF PROPERTY

LOT FLOOR MINIMUM (TUPI, KORONADAL CITY, SURALLAH AND T'BOLI PROPERTIES) STATUS OF TCT

ITEM NO. BLK LOT DESCRIPTION AREA AREA BID PRICE FOR FIRST PUBLIC AUCTION

TUPI TUPI PILOT SUBDIVISION

1 06 03 Tupi Pilot Subdivision, Poblacion, Tupi 97.50 30.25 254,250.00 HDMF - Consolidated 2 06 12 Tupi Pilot Subdivision, Poblacion, Tupi 97.50 30.25 235,450.00 HDMF - Consolidated

KORONADAL CITY MARANON VILLAGE

3 1141-A-4-F-9-D Maranan Village, Marbel, Koronadal City 369.00 LOT ONLY 756,450.00 HDMF - Consolidated

ST. GABRIEL 4 20-J-10-G St. Gabriel, Marbel, Brgy. Zone Ill , Koronadal City 300.00 110.60 1,365,000.00 HDMF - Consolidated

AGAN HOMES EAST ' j 5 09 11 Agan Homes East, Phase I, Santa Cruz, Koronadal City 143.00 42.00 572,700.00 CTS - For Consolidation to HDMF

6 04 13 Agan Homes East, Phase I, Santa Cruz, Koronadal City 143.00 42.00 647,926.67 CTS - For Consolidation to HDMF 7 04 13 Agan Homes East, Phase II , Santa Cruz, Koronadal City 147.00 42.00 634,020.00 CTS - For Consolidation to HDMF

SAN ANTONIO VILLAGij 8 02 09 San Antonio Village, etia se I, Santa Cruz, Koronadal City 130.00 42.1 DO 664,000.00 HDMF - Consolidated 9 22 14 San Antonio Villaj~, f he se I, Santa Cruz, Koronadal c:J.y 128.00 42.1 )0 652,044.00 HDMF - Consolidated

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PROPERTY LOCATION OF PROPERTY

LOT FLOOR MINIMUM (TUPI, KORONADAL CITY, SURALLAH AND T'BOLI PROPERTIES) STATUS OF TCT

ITEM NO. BLK LOT DESCRIPTION AREA AREA BID PRICE 10 01 13 San Antonio Village, Phase Ill, Santa Cruz, Koronadal City 121.00 42.00 862,300.00 CTS - For Consolidation to HDMF

VILLA AGREDA SUBDIVISION 11 01 54 Villa Agreda Subdivision, Phase Ill, Santa Cruz, Koronadal City 132.00 LOT ONLY 353,300.00 CTS - For Consolidation to HDMF 12 06 16 Villa Agreda Subdivision, Phase I, Sto. Nino, Koronadal City 120.00 30.00 455,900.00 HDMF - Consolidated 13 07 21 Villa Agreda Subdivision, Phase I, Sto. Nino, Koronadal City 180.00 40.00 824,400.00 HDMF - Consolidated 14 20 06 Villa Agreda Subdivision, Phase I, Sto. Nino, Koronadal City 120.00 30.00 426,700.00 HDMF - Consolidated 15 15 23 Villa Agreda Subdivision, Phase II, Sto. Nino, Koronadal City 133.00 42.00 744,100.00 HDMF - Consolidated

SOUTHWIND SUBDIVISION 16 03 01 Southwind Estate Subdivision, Morales, Koronadal City 237.00 45.00 803,370.00 HDMF - Consolidated

VICTORY HOMES 17 16 05 Victory Homes, Matulas, Koronadal City 140.00 30.00 434,560.00 HDMF - Consolidated 18 16 06 Victory Homes, Matulas, Koronadal City 140.00 30.00 501,200.00 CTS - For Consolidation to HDMF 19 21 07 Victory Homes, Matulas, Koronadal City 140.00 30.00 372,600.00 CTS - For Consolidation to HDMF 20 22 21 Victory Homes, Matulas, Koronadal City 140.00 30.00 464,700.00 CTS - For Consolidation to HDMF

TANTANGAN MAGON VILLAGE

21 8707 -A-9-G-7 Magan Village, Poblacion, Tantangan 300.00 LOT ONLY 48,000.00 HDMF - Consolidated

SURALLAH VILLANUEVA PLAINS

22 12 40 Villanueva Plains, Libertad, Surallah 100.00 36.68 357,866.00 HDMF - Consolidated

AGAN HOMES SURALLAH 23 01 29 Agan Homes Surallah, Libertad, Surallah 130.00 36.00 416,832.00 CTS - For Consolidation to HDMF 24 03 11 Agan Homes Surallah, Libertad, Surallah 130.00 36.00 443,832.00 CTS - For Consolidation to HDMF

[ 25 04 12 Agan Homes Surallah, Libertad, Surallah 130.00 36.00 373,832.00 CTS - For Consolidation to HDMF

26 09 12 Agan Homes Surallah, Libertad, Surallah 143.00 36.00 371 ,1 00.00 HDMF - Consolidated

27 10 10 Agan Homes Surallah, Libertad, Surallah 143.00 36.00 432,432.00 HDMF - Consolidated

T'BOLI

t BAYTAN HOMES 28 01 01 Baytan Homes, Poblaciqh, T'boli 109.00 30.00 286,000.00 CTS - For Consolidation to HDMF

29 01 02 Baytan Homes, Poblacipn, T'boli 109.00 30.Q0 345,200.00 CTS - For Consolidation to HDMF 30 01 05 Baytan Homes,,-,pc(blac/on, T'boli 109.00 30.0Q 329,200.00 CTS - For Consolidation to HDMF

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PROPERTY LOCATION OF PROPERTY LOT FLOOR MINIMUM

(TUPI, KORONADAL CITY, SURALLAH AND T'BOLI PROPERTIES) STATUS OF TCT

ITEM NO. BLK LOT DESCRIPTION AREA AREA BID PRICE

BA YTAN HOMES

31 01 13 Baytan Homes, Poblacion, T'boli 109.00 30.00 352,400.00 CTS - For Consolidation to HDMF 32 03 06 Baytan Homes, Poblacion, T'boli 120.00 45.00 534,900.00 CTS - For Consolidation to HDMF 33 03 08 Baytan Homes, Poblacion, T'boli 120.00 45.00 487,500.00 CTS - For Consolidation to HDMF 34 06 02 Baytan Homes, Poblacion, T'boli 158.00 45.00 590,900.00 CTS - For Consolidation to HDMF 35 06 03 Baytan Homes, Poblacion, T'boli 154.00 45.00 572,300.00 CTS - For Consolidation to HDMF 36 06 05 Baytan Homes, Poblacion, T'boli 145.00 45.00 515,000.00 CTS - For Consolidation to HDMF 37 06 11 Baytan Homes, Poblacion, T'boli 118.00 30.00 301,700.00 CTS - For Consolidation to HDMF 38 09 03 Baytan Homes, Poblacion, T'boli 136.00 45.00 505,100.00 CTS - For Consolidation to HDMF 39 09 04 Baytan Homes, Poblacion, T'boli 136.00 45.00 552,500.00 CTS - For Consolidation to HDMF 40 09 09 Baytan Homes, Poblacion, T'boli 111.00 30.00 392,416.80 CTS - For Consolidation to HDMF 41 09 10 Baytan Homes, Poblacion, T'boli 95.00 30.00 341,700.00 CTS - For Consolidation to HDMF 42 09 11 Baytan Homes, Poblacion, T'boli 98.00 30.00 340,300.00 CTS - For Consolidation to HDMF 43 09 13 Baytan Homes, Poblacion, T'boli 105.00 30.00 384,400.00 CTS - For Consolidation to HDMF

FOR SECOND PUBLIC AUCTION

KORONADAL CITY

AGAN HOMES EAST

44 03 17 Agan Homes East, Phase II, Santa Cruz, Koronadal City 143.00 86.00 790,857.00 CTS - For Consolidation to HDMF 45 04 14 Agan Homes East, Phase II, Santa Cruz, Koronadal City 147.00 42.00 560,547.00 CTS - For Consolidation to HDMF

SAN ANTONIO VILLAGE

46 01 14 San Antonio Village, Phase I, Santa Cruz, Koronadal City 136.00 42.00 600,339.60 HDMF - Consolidated 47 22 13 San Antonio Village, Phase I, Santa Cruz, Koronadal City 128.00 42.00 544,805.64 HDMF - Consolidated 48 03 30 San Antonio Village, Phase II, Santa Cruz, Koronadal City 128.00 36.00 722,185.20 HDMF - Consolidated 49 03 17 San Antonio Village, Phase Ill, Santa Cruz, Koronadal City 124.00 42.00 832,860.00 CTS - For Consolidation to HDMF

50 04 11 San Antonio Village, Phase Ill, Santa Cruz, Koronadal City 122.00 40.50 686,610.00 CTS - For Consolidation to HDMF 51 04 12 San Antonio Village, Phase Ill, Santa Cruz, Koronadal City 123.00 40.75 767,700.00 CTS - For Consolidation to HDMF

C 52 04 26 San Antonio Village, Phase Ill, Santa Cruz, Koronadal City 121.00 56.00 868,230.00 CTS - For Consolidation to HDMF

PUROK BAYANIHAN . 53 237-B-4-F-4 Purok Bayanihan, Santa Cruz, Koronadal City 200.00 91.50 1,357,470.00 HDMF - Consolidated

t VILLA AGREDA SUBDIVISION 54 14 13 Villa Agreda Subdivision, Pt}ase II. Sto. Nirio, Koronadal City 150.00 39.00 782,909.10 HDMF - Consolidated 55 16 23 Villa Agreda Subdivision, P~ase II. Sto. Nirio, Koronadal City 150.00 42.100 683,640.00 CTS - For Consolidation to HDMF 56 16 26 Villa Agreda Subq,iyjsidn, F1hase II , Sto. Nirio, Koronadal City 120.00 49.QO 875,493.90 HDMF - Consolidated

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PROPERTY LOCATION OF PROPERTY

LOT FLOOR MINIMUM (TUPI, KORONADAL CITY, SURALLAH AND T'BOLI PROPERTIES) STATUS OF TCT

ITEM NO. BLK LOT DESCRIPTION AREA AREA BID PRICE BALDOSTAMON SUBDIVISION

57 17-R-4-C-4-C-1 Baldostamon Subdivision, Zone IV, Koronadal City 320.00 185.92 2,065,230.00 HDMF - Consolidated

CAPUNDAN SUBDIVISION 58 148-M-2-L-8-B Capundan Subdivision, Brgy. Marbel, Koronadal City 241.00 LOT ONLY 203,886.00 HDMF - Consolidated

SURALLAH

AGAN HOMES SURALLAH 59 05 11 Agan Homes Surallah, Poblacion, Surallah 143.00 42.00 457,038.00 CTS - For Consolidation to HDMF 60 10 14 Agan Homes Surallah, Poblacion, Surallah 143.00 36.00 393,688.80 HDMF - Consolidated

T'BOLI

BAYT AN HOMES SUBDIVISION 61 01 07 Baytan Homes Subdivision, Poblacion, T'boli 109.00 30.00 234,540.00 CTS - For Consolidation to HDMF 62 01 08 Baytan Homes Subdivision, Poblacion, T'boli 109.00 30.00 234,540.00 CTS - For Consolidation to HDMF 63 01 09 Baytan Homes Subdivision, Poblacion, T'boli 109.00 30.00 234,540.00 CTS - For Consolidation to HDMF 64 01 10 Baytan Homes Subdivision, Poblacion, T'boli 109.00 30.00 234,540.00 CTS - For Consolidation to HDMF 65 01 12 Baytan Homes Subdivision, Poblacion, T'boli 109.00 30.00 234,540.00 CTS - For Consolidation to HDMF 66 01 16 Baytan Homes Subdivision, Poblacion, T'boli 109.00 30.00 234,540.00 CTS - For Consolidation to HDMF 67 01 17 Baytan Homes Subdivision, Poblacion, T'boli 109.00 30.00 234,540.00 CTS - For Consolidation to HDMF 68 01 18 Baytan Homes Subdivision, Poblacion, T'boli 109.00 30.00 234,540.00 CTS - For Consolidation to HDMF 69 01 19 Baytan Homes Subdivision, Poblacion, T'boli 109.00 30.00 317,160.00 CTS - For Consolidation to HDMF 70 03 02 Baytan Homes Subdivision, Poblacion, T'boli 125.00 45.00 486,360.00 CTS - For Consolidation to HDMF 71 03 03 Baytan Homes Subdivision, Poblacion, T'boli 120.00 45.00 481,410.00 CTS - For Consolidation to HDMF 72 03 07 Baytan Homes Subdivision, Poblacion, T'boli 120.00 45.00 372,690.00 CTS - For Consolidation to HDMF 73 03 09 Baytan Homes Subdivision, Poblacion, T'boli 120.00 45.00 474,210.00 CTS - For Consolidation to HDMF

[, 74 03 10 Baytan Homes Subdivision, Poblacion, T'boli 120.00 45.00 372,690.00 CTS - For Consolidation to HDMF 75 03 11 Baytan Homes Subdivision, Poblacion, T'boli 120.00 45.00 481,410.00 CTS - For Consolidation to HDMF

~ 76 03 13 Baytan Homes Subdivision, Poblacion, T'boli 120.00 45.00 372,690.00 CTS - For Consolidation to HDMF 77 05 03 Baytan Homes Subdivision, Poblacion, T'boli 120.00 45.00 474,210.00 CTS - For Consolidation to HDMF 78 05 05 Baytan Homes Subdivision, Poblacion, T'boli 120.00 45.00 474,210.00 CTS - For Consolidation to HDMF 79 06 06 Baytan Homes Subdivision, Poblacion, T'boli 140.00 45.00 494,010.00 CTS - For Consolidation to HDMF 80 06 08 Baytan Homes Subdivision, Poblacion, T'boli 131.00 45.00 485,100.00 CTS - For Consolidation to HDMF 81 06 12 Baytan Homes Subdivision, Poblacion, T'boli 113.00 30.00 321,120.00 CTS - For Consolidation to HDMF 82 06 15 Baytan Homes Subdivision, Poblacion, T'boli 117.00 30.00 242,460.00 CTS - For Consolidation to HDMF 83 06 16 Baytan Homes Subdivision, Poblacion, T'boli 117.00 30.00 242,460.00 CTS - For Consolidation to HDMF 84 07 02 Baytan Homes Subgivis~n, Poblacion, T'boli 120.00 45..00 481,410.00 CTS - For Consolidation to HDMF 85 07 04 Baytan ·Homes $-Qt:iqivi~on, Poblacion, T'boli I 120.00 45~0 372,690.00 CTS - For Consolidation to HDMF

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PROPERTY LOCATION OF PROPERTY LOT FLOOR MINIMUM (TUPI, KORONADAL CITY, SURALLAH AND T'BOLI PROPERTIES) STATUS OF TCT

ITEM NO. BLK LOT DESCRIPTION AREA AREA BID PRICE BAYTAN HOMES SUBDIVISION

86 07 06 Baytan Homes Subdivision, Poblacion, T'boli 120.00 45.00 372,690.00 CTS - For Consolidation to HDMF

GENERAL GUIDELINES

1. Interested parties are required to secure copies of: (a) INSTRUCTION TO BIDDERS (HQP-AAF-104) and (b) OFFER TO BID (HQP-AAF-103) from the office of the Acquired Assets Management and Disposition Unit of the HDMF, Davao Housing Hub, Ground Floor, Pryce Tower Condominium, Pryce Business Park, JP Laurel Avenue, Davao City or any Member Services Branch near you or may download 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 to inspect the property/ies before tendering their offer/s. The list of the properties may be viewed at www.pagibigfund.qov.ph/aa/aa.aspx (Other properties for sale-Disposition of Acquired Assets for Public Auction).

4. Bidders are also encouraged to visit our website, www.pagibigfund.qov.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' Secretariat at the designated venue, starting at 10:00 AM but not later than 10:30 AM 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 committee earlier or later than the scheduled date.

6. The Bid Offer shall not be lower than the minimum bid amount 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-lBIG Fund for an amount equivalent to 10% of the BID PRICE or the BIDDER may opt to pay the BOND starting on April 15, 2019 at the Cash Division, Second Floor Bormaheco, JP Laurel Avenue, Bajada, Davao City or any Member Services Branch near you and attach the original Pag-lBIG FUND Receipt (PFR) to the bid proposal. It shall likewise serve as the down payment of the winning bidder.

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 balan e may either be thru any of the following modes:

a. Cash - on which the approved purchase price sh I ~-,,,_, A

d not later than thirty (30) calendar days from date of receipt of Notic of Approval of Sale.

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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-lBIG 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 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 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 applicable for Second Sealed Public Auction. In case the winning bidder opted to pay through cash or short-term installment, the applicable discount based on the winning bid amount are as follows:

Mode of Payment Discount Rate Cash 20%

Short-Term Installment 10% Long-Term Installment None

13. In the absence of a preferred mode of payment as mentioned in Item 9, the default mode is through long-term installment.

14. 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. Disposition of Acquired Assets for Public Auction)

b. Seer•~;•• Certificate for company-bidder w/4/ The SPA for ;ing ma: be downlo:Jpagibigfund.gov.phlaalaa.aspx (Other properties for sa/e-

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15. The Opening of Bids shall commence from 10:31 AM or upon declaration by the Committee until completion.

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

17. 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 registration of bids.

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 winning bidder and the 10% 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 10% of the offer price within fifteen (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 ties shall be applied.

21. Interested parties may visit the ACQUIRED ASSETS MANAGEMENT AND DISPOSITION UNIT or contact MR. CHRISTOPHER C. PIO, MR. MELVIN I B. CRUZ, MR. LAURENCE EDSEL L. YAP, CLIEFORD R. JUMAWAN or MS. MARILOU C. BAQUEROSA at telephone no. (082) 224-4733. You may also email your inquiries for further details at [email protected] .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.

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