Good day.

Dear Valued Buyers/Brokers,

Hope you and your family are doing well.

You might be interested on the available properties of the Bank. Kindly see attached list of Nationwide Available for Sale Properties as of July 2021 and the directory/contacts of the Teams handling the properties per area. You may visit this site/link https://www.landbank.com/properties-for-sale to generate & download the excel file for future updated listing.

Please note some of the following general terms and conditions of the sale:

• As-is-where-is basis with regard to the physical condition and legal status of the property. Prospective buyers are encourage to investigate, inspect and verify the property and status of the title to ascertain the actual condition/status (e.g. if with occupant) of the same as well as the legal status of the title. The buyer will be responsible for the ejectment of the occupant/s and shoulder all expenses related thereto, if any.

• Submission of offer is on a First-Come-First-Served basis. Thus, in the event that there are buyers who are willing to deposit their 10% of the offered price, the property will no longer be available on the following day after.

As to the mode of payment, it can be thru:

a. Cash Basis

*10% of offered price should be deposited first and sale would be subject for approval of the Landbank committee

*90% remaining balance payable within 60 calendar days from the date of approval of sale without interest

b. Bank/External Financing

*10% of offered price should be deposited first and sale would be subject for approval of the Landbank committee

*90% remaining balance payable within 30 calendar days from the date of annotation of mortgage in favor of the financing institution.

c. Installment Basis

*10% of offered price should be deposited first and sale would be subject for approval of the Landbank committee

*90% remaining balance payable over a specified term (1 year up to a maximum of 10 years) with interest rate:

Term

Interest Rate per Annum

1 year

7.50%

2 years

8.00%

3 years

8.50%

4 years

9.00%

5 years

9.50%

7 years

10.50%

10 years

12.00%

In the event that the Landbank committee will disapprove the sale of the property, the deposited 10% will be refunded. In case the offer will be approved, the 10% shall be applied as partial payment. However, it shall be forfeited in favor of the Bank if the sale will be approved but not consummated due to the fault of the buyer.

LANDBANK reserves the right to reject any or all offers, to waive any formality therein, and to accept offer as may be considered most advantageous to the Bank. The decision of LANDBANK shall be final and binding.

Thank you and stay safe.

God Bless.

Warm regards,

MARGARETTE 'Marga' R. ZAMORA

Account Officer, South Luzon

Property Marketing Unit

Special Assets Department

Land Bank of the Philippines

(02) 8522-0000 local 4264 / 0928-2672-842

Dear Sir / Ma'am:

Good day.

We thank you for your interest in purchasing the Bank’s properties.

Please see attached Property Profile for your reference.

You may also browse our Available Properties for Sale at the official website of LAND BANK (https://landbank.com/properties-for-sale) and thru our official FB page (https://web.facebook.com/landbankpropertiesforsale).

The following are the Bank's initial requirements/terms for your information:

1. The property is Available for Sale at Indicative Price of Pxxx,xxx.xx

2. For an offer to be valid, the Buyer shall accomplish the Negotiated Sale Offer Form and pay at least 10% of the Offered Price (in cash or check) and submit the documents in the attached checklist of requirements.

3. The sale shall be on an "as-is-where-is" and on "first-come-first-serve" bases

(As-is-where-is basis: The buyer has been given every opportunity to investigate, inspect and verify the Property and status of the title to ascertain the actual condition/status of the same as well as the legal status of the title. The buyer will be responsible to eject occupants, if any, etc. The buyer will assume all the responsibilities/risks involved in the property, if any)

(First-come-first-serve basis: the property shall be available to all interested buyers until receipt of the acceptable 10% of the offered price from a buyer. However, the Bank shall receive all acceptable offers from all interested buyers within a day. Should there be more than 1 offer within the said day, you will be notified to visit the Bank on a certain date to submit your best and final offer in a sealed envelope)

Also, the following are the payment terms:

A. CASH BASIS

-Payment of at least 10% of the offered price

-90% remaining balance shall be payable within sixty (60) days from date of Notice of Approval of Sale without interest.

B. INSTALLMENT BASIS

-Payment of at least 10% of the offered price

-90% remaining balance payable in equal monthly amortization, minimum of one (1) year to a maximum term of ten (10) years.

1 yr 7.5% fixed int rate p.a.

2 yrs 8% fixed int rate p.a.

3 yrs 8.5 % fixed int rate p.a.

4 yrs 9% fixed int rate p.a.

5 yrs 9.5% fixed int rate p.a.

7 yrs 10.50% fixed int rate p.a.

10 yrs 12% fixed int rate p.a.

4. The receipt of the 10% of Offered Price does not constitute acceptance of the offeror’s offer.

5. Offers below the Bank’s acceptable price will not be accepted.

6. LANDBANK RESERVES THE RIGHT TO ACCEPT OR REJECT OFFERS. LIKEWISE, ALL VALID OFFERS ARE STILL SUBJECT FOR APPROVAL OF BANK’S APPROVING AUTHORITIES

For any further inquiries, please do not hesitate to contact the undersigned or Ms. Daisy Baylon through our respective mobile numbers, 09296904779 and 09054826569.

We look forward to doing business with you!

Sincerely yours,

Deborah L. Banco

Acquired Assets Officer

LBP – Special Assets Department

(02) 8405-7366 local 2885