Here is an invitation to bid for acquired assets of Land Bank of the Philippines (LBP) which are for sale on CASH and “AS-IS-WHERE-IS” basis. Sealed bids together with 10% bid bond will be received by the Special Assets Department (SPAD), 30th Floor, LandBank Plaza, Malate, Manila on July 23, 2009, not later than 9:30am.
The sealed bidding was originally scheduled for July 9, 2009 but LBP came out with a Notice to the Public that the public bidding will be held on July 23, 2009 instead. I was no longer supposed to post this as I got this list of acquired assets a bit late but fortunately, the sealed the bidding was moved to the new date.
The bid bonds shall be in the form of Cashier’s or Manager’s Check issued by any commercial bank payable to LBP for bid bond in excess of Php5,000.00. Cash payment for bid bonds of not more than Php5,000.00 shall be deposited at least one banking day before bidding date to the LBP Cash Department after issuance of a Payment Acceptance Order by SPAD. For more details, please refer to the invitation to bid.
The acquired assets on the list are from Cebu City, Koronadal City, Ternate Cavite, Las Pinas City, Rosario Cavite, and Sampaloc Manila.
Click here to download the Land Bank of the Philippines Invitation To Bid which contains the list of acquired assets for sealed bidding on July 23, 2009. (Source – Philippine Daily Inquirer, June 27, 2009, Page A-4)
For more information, please visit or call the SPAD at telephone no. 551-2200 locals 2374, 2481, 7156, 2482, and 7645.
Happy investing!
To our financial freedom!
Jay Castillo
Real Estate Investor
REBL#: 20056
Blog: www.foreclosurephilippines.com
Social Network: foreclosurephilippines.ning.com
Mobile: +639178843882
E-mail: [email protected]
Text by Jay Castillo. Copyright © 2009 All rights reserved.
Hi, may I ask if you have foreclosed property in Sampaloc, Manila or near Welcome Rotonda QC? I’m presently working in PLDT Espana. I’m allowed a housing loan of 2.5M by our company coop or if bank has a lower interest rate, that would be better. I had problem viewing/downloading the list. My contact nos. are 0929-6836303/ 5591679 (home) & 7088045. Hope there will be one that fits my budget. TYVM
sir tanung lang ako tungkol sa aquired asset. title no. 16,763 and title no. 16765 under the name of florcerfina agustin, sanito, ipil, zamboanga sibugay province..na foreclosed ito sa panahon ng kkk.. kaso nawala ang kkk at itoy hinahawakan ngayun ng land bank of the philippines under National Livelihood Support Fund. ang tanong kulang kung sino-sino ba ang mga qualified buyer? pwede ba ang mga empleyado sa land bank? totoo ba ang sinasabi ng land bank na private ang national livelihood support fund kaya pwede maka bili ang manager sa land bank at mga empleyado? ni kahit minsan wala kaming narinig o maski news man lang na my bidding itong na aquired asset sa banko o kkk..sana matulungan nyo kami dito kc marami kaming interesado dito..maraming salamat.. godblesss
Dear Sir,
I would like to ask for your advise and clarification regarding the Bidding process or system for Foreclosed Property from banks; Are they done in cash basis or terms. I am actually interested to invest in Real Estate, but, since I am new to this field and with the little budget that I have, I might not be able to push through with my plan.
Your advise is highly appreciated.
Thanks,
Erwin (OFW)
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