ITB - 06/23/2016

HOME DEVELOPMENT MUTUAL FUND La Union Housing Business Center Government Center, Sevilla, San Fernando City, La Union

INVITATION TO BID

The HDMF Committee on Disposition of Acquired Assets shall conduct a Public Bidding for the sale of the following acquired residential properties on August 17, 2017 starting at 8:00 AM at the 3rd Floor CB Mall Bldg., Nancayasan, Urdaneta, City. Dagupan Branch

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Property Location L24/B06 JEWELVILLE SUBD., MANGALDAN, PANGASINAN L36/B11 JEWELVILLE SUBD., MANGALDAN, PANGASINAN L15/B05 JEWELVILLE SUBD., MANGALDAN, PANGASINAN L10/B04 JEWELVILLE SUBD., MANGALDAN, PANGASINAN L11 & 13/B05 JEWELVILLE SUBD., MANGALDAN, PANGASINAN L01 & 02/B03 JEWELVILLE SUBD., MANGALDAN, PANGASINAN L08/B04 JEWELVILLE SUBD., MANGALDAN, PANGASINAN L01/B06 URDANETA MANORS, DILAN-PAURIDO, URDANETA PANGASINAN L02/B06 URDANETA MANORS, DILAN-PAURIDO, URDANETA PANGASINAN L08/B06 URDANETA MANORS, DILAN-PAURIDO, URDANETA PANGASINAN LOT 2-B-1 BRGY. BACTAD EAST, URDANETA CITY, PANGASINAN L02/B05 ISONVILLE SUBDIVISION, BONUAN BOQUIG, DAGUPAN CITY, PANGASINAN L09/B01 ISONVILLE SUBDIVISION, BONUAN BOQUIG, DAGUPAN CITY, PANGASINAN LOT 8888 - O LUCAO DISTRICT, DAGUPAN CITY, PANGASINAN LOT 7777-B-2 MALIGAYA ST., BRGY BONUAN BOQUIG, DAGUPAN CITY L02/B10 VILLA STA. BARBARA, PH. II LOWER MINIEN, STA. BARBARA, PANGASINAN L14/B03 VILLA STA. BARBARA, PH. II LOWER MINIEN, STA. BARBARA, PANGASINAN L06/B04 SAN CARLOS HOMES, TARECE, SAN CARLOS CITY, PANGASINAN L11/B07 COSTA DEL SOL SUBDIVISION, BUED, ALAMINOS, PANGASINAN L13/B07 MERRYLAND SUBDIVISION, BUENLAG, CALASIAO, PANGASINAN LOT 1051-B POBLACION, SAN CARLOS CITY, PANGASINAN LOT 3 - A POBLACION, MALASIQUI, PANGASINAN

TCT No.

Type

310567 310673 310533 310742 310529/310531 310722/310723 310740 317345 317346 317352 026-2016002643 029-2017000257 029-2016000991 029-2016000992 029-2017000260 026-2017000706 026-2017001133 030-2017000252 26704 026-2011005174 030-2016000701 026-2017000230

LOT ONLY LOT ONLY LOT ONLY LOT ONLY LOT ONLY LOT ONLY LOT ONLY LOT ONLY LOT ONLY LOT ONLY LOT ONLY LOT ONLY LOT ONLY LOT ONLY LOT ONLY H&L H&L H&L LOT ONLY LOT ONLY LOT ONLY LOT ONLY

Area Lot House (sq.m.) (sq.m.) 188.00 92.00 99.00 72.00 199.00 132.00 72.00 85.00 87.00 41.00 1,000.00 162.00 160.00 159.00 627.50 80.00 25.00 120.00 36.00 80.00 65.00 225.00 100.00 285.00 620.00 -

Minimum Bid Price 558,360.00 273,240.00 294,030.00 213,840.00 591,030.00 392,040.00 213,840.00 306,000.00 313,200.00 147,600.00 990,000.00 427,194.00 408,960.00 540,918.00 1,479,645.00 278,775.00 297,000.00 666,945.00 844,425.00 302,400.00 997,785.00 1,623,780.00

GENERAL GUIDELINES: 1. Interested parties may secure copies of (a) INSTRUCTION TO BIDDERS and (b) OFFER TO BID FORM from the Pag - IBIG Fund La Union Housing Business Center - Acquired Assets Unit or at any Pag - IBIG Branch Office nearest you. 2. The INVITATION TO BID shall be published for one (1) week in newspaper of local circulation. 3. Sealed proposals in triplicate shall be received at the above office starting 8:00 am BUT NOT LATER THAN 2:00pm on August 17, 2017 immediately after which, the said proposals shall be opened in the presence of attending bidders. 4. Each bid proposal shall be accompanied by a BIDDER's BOND in CASH or CERTIFIED CASHIER'S/MANAGER'S CHECK issued by any commercial bank payable to HDMF/Pag-IBIG Fund for an equivalent to at least ten percent (10%) of the bid price. 5. Properties shall be sold on an "AS-IS-WHERE-IS Basis" and the winning bidder shall take possession of the property without seeking assistance from HDMF/ Pag-IBIG Fund. 6. 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 thirty (30) calendar days from receipt of Notice of Award (NOA), he shall lose his right as winning bidder and the ten percent (10%) deposit of payment shall be forfeited in favor of the Fund. The same shall be applicable if a winning bidder fails to comply with the required loan documents within thirty (30) days from the date of receipt of the NOA, or in the event that, without fault on the side of HDMF, the loan application is disapproved. 7. Interested parties may call the Acquired Assets Unit for further details/inquiries at telephone nos. (072) 242-1947/242-5588/242-5589. Pag-IBIG Fund RESERVES THE RIGHT TO REJECT ANY OR ALL BIDS, TO WAIVE ANY INFORMALITY THEREIN OR TO ACCEPT SUCH BIDS AS MAYBE CONSIDERED MOST ADVANTAGEOUS TO THE FUND. THE DECISION OF THE FUND IS FINAL AND BINDING. CHITO L. ENCISO Chairman Committee on Disposition of Acquired Assets

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