This public auction presents an opportunity for interested parties to acquire Pag-IBIG Fund acquired assets through a sealed bidding process. Let's delve into the details:

SPB 82nd Tranche in Pampanga

• Number of Units: 124
• Period of Acceptance of Bid Offers: May 02 – May 08, 2024
• Opening of Bid Offers: May 09, 2024

General Guidelines:

1. Interested parties need to obtain the OFFER TO BID form from the Acquired Asset frontline counter servicing or download it from the Pag-IBIG Fund website.
2. Properties are sold on an "AS IS, WHERE IS" basis.
3. It's advised to inspect the properties before submitting offers.
4. Discounts are offered based on the chosen mode of payment: 20% for cash, 10% for short-term installment, and none for long-term installment.
5. Check the website for any updates or erratum before the bid opening.
6. Bidders must register at the designated counter before submitting bid offers.
7. Sealed bid offers will be accepted from May 02 to May 08, 2024.
8. Authorized representatives must provide necessary documents.
9. Bid offers should meet or exceed the minimum bid set by the Fund.
10. Default mode of payment is long-term installment if not specified.
11. Winning bidders will be determined on May 09, 2024, at the specified location.
12. Monitoring by a representative from the Commission on Audit (COA) will ensure transparency.
13. The highest bidder wins.
14. In case of identical bids, mode of payment determines the priority.
15. Ties will be resolved through specific procedures.
16. Results will be posted on the Pag-IBIG Fund website.
17. Notification via email or SMS is considered sufficient.
18. Winning bidders must pay a 5% bid bond within three working days.
19. Proper handling of manager’s checks is advised.
20. Remaining balance payment options are specified.
21. Failure to complete the purchase within the stipulated time forfeits the bid bond.
22. The next highest bidder may be considered in case of forfeiture.
23. For inquiries, contact Ms. Maricel T. David or email [email protected]

This auction offers a chance to acquire assets with clear guidelines ensuring transparency and fairness in the process. For further details, interested parties are encouraged to reach out to the designated contact person.