Home Development Mutual Fund/Pag-IBIG Fund

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    Date: 2022-01-04 00:59:27.951930

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    Date: 2022-01-14 10:32:20.455825

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Latest Appraisal Status

Requested from HDMF by C. Baguio at 12:59 AM on Jan 04, 2022.
Purpose: Interested buyer
Date of Coverage: 01/04/2021 - 01/04/2022
Tracking no: #HDMF-920927818159

Baguio 12:59 AM, Jan 04, 2022

Hi! I am an interested buyer of Lot 290-H-1-B located at Dao, Pagadian City. I recently heard that it has now been an acquired asset of HDMF.

In this regard, may I know what's the latest appraisal status of this property and when would it be included in the list of properties under negotiated sale/public auctions? And is it possible for me to get an automatic notification (email and text message) whenever this property becomes available?

Thank you!

Baguio 01:01 AM, Jan 04, 2022

Also, can you confirm that this property or any acquired asset, in general, can only be disposed of via negotiated sale/public auctions when an ITP (invitation to purchase) to the original owner did not proceed?

Officer 10:32 AM, Jan 14, 2022

January 14, 2022

Dear Cecel,

Thank you for your request dated Jan 04, 2022 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for Latest Appraisal Status.

We received your request on Jan 04, 2022 and will respond on or before Jan 25, 2022, in accordance with the Executive Order's implementing rules and regulations.

Should you have any questions regarding your request, kindly contact me using the reply function on the eFOI portal at https://zcwdv320190208-dot-efoi-ph.appspot.com/requests/aglzfmVmb2ktcGhyHgsSB0NvbnRlbnQiEUhETUYtOTIwOTI3ODE4MTU5DA, for request with ticket number #HDMF-920927818159.

Thank you.

Respectfully,

FOI Receiving Officer
FOI Officer

Pimentel, Jr. 10:38 AM, Jan 14, 2022

14 January 2022

Dear MR. CECEL M. BAGUIO,

This refers to your eFOI requests received on 04 January 2022 and 08 January 2022 sent to the eFOI portal of the Home Development Mutual Fund (Fund) wherein you requested for the following:

1.	Latest appraisal status of Lot 290-H-1-B located at Dao Pagadian City (the “Subject Property”);
2.	The possibility for an automatic notification when the Subject Property becomes available;
3.	Whether an acquired asset of the Fund may only be disposed of via negotiated sale/public auctions when an Invitation to Purchase (ITP) did not proceed;
4.	Whether an ITP for the Subject Property has already been issued; and
5.	Whether the present occupant of the Subject Property already submitted an Offer to Purchase.

Our Office deemed it proper to raise this matter to and confer with the operating unit concerned – the Acquired Assets Management Group (AAMG). 

May we inform you that pursuant to Sections IV and V of Pag-IBIG Fund Circular No. 428, dated 31 July 2019, any unsold properties via direct purchase (purchase of the acquired assets by the present occupant) shall be disposed of by the Fund through Public Auctions (First Public Auction and Second Public Auction). Thereafter, all unsold properties during the Second Public Auction shall be offered through Negotiated Sale. For your reference, a copy of Circular No. 428 may be accessed through the following link -  https://www.pagibigfund.gov.ph/document/pdf/circulars/housing/Circular%20No.%20428%20-%20Omnibus%20Guidelines%20on%20the%20Sale%20of%20Pag-IBIG%20Fund%20Real%20and%20Other%20Properties%20Acquired.pdf.
 
Our AAMG stated that the lists of our acquired assets are posted in our website together with either the Invitation to Bid for Public Auction or Invitation to Submit Offer for Negotiated Sale.  The lists as well as the schedule on when to submit their offers and the date of opening of offers, the minimum bid price, and the mechanics on how to participate, are also indicated in the postings. Further, the Fund will be posting on the website a short video for additional instructions. 

Finally, at present, the Fund has no capacity to automatically inform interested buyers of the availability of a particular property. We recommend that your good self continually and regularly the check the lists of available inventories for disposal which are posted in our webpage with link -  https://www.pagibigfund.gov.ph/acquiredassets.html.

Thank you.

Very truly yours,

ATTY. JOSE ROBERTO F. PO
Department Manager III, Legal Department and
Deputy Compliance Officer

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