Good day. Dear Ma'am/Sir,

We would like to thank you for inquiring on the Bank's properties. Kindly see attached files/forms for reference and submission.

Kindly note some of the basic terms and conditions of the sale as follows:

1. Submission of offer is on a FIRST-COME-FIRST-SERVED BASIS.

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 the day. Should there be more than 1 offer within the said day, you will be notified by the Bank on a certain date to submit/upload your best and final offer in a secured Bank's platform. Offer will be only considered as valid if 10% of the offered price is already deposited/paid to the Bank.

2. Mode of disposal of property is on a AS-IS-WHERE-IS-BASIS with regard to the physical condition and legal status of the property.

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

3. As to the mode of payment, can be thru:

3.a. Cash Basis

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

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

 3.b. Bank/External Financing (except for open traversed property)

*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.

3.c. Installment Basis (individual buyer should be spouses if married)

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

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

TERM       Fixed Interest Rate per Annum

1 year      8.50%

2 years     9.00%

3 years     9.50%

4 years     10.00%

5 years     10.50%

7 years     11.50%

10 years    13.00%

In the event that the Bank's 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.

Prices and availability of the Properties are subject to change without prior notice. 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.

Should you have any concerns or clarifications, please feel free to call us at tel. nos. 8-522-0000 loc. 7247 / 4264; 0917-329-1546 (Mr. Efren Patron); 0928-267-2842 (Ms. Margarette Zamora) or 0966-331-2018 (Ms. Danalynne Dumaliang). 

NOTE: Please submit duly-filled out forms with requirements, once all forms/requirements are completed, inform us on what LANDBANK Branch you would like to pay at least 10% of the valid offered price for preparation of Payment Acceptance Order (PAO). If cash payment the branches accepts until 2:30pm; for check payment it should be payable "Land Bank of the Philippines", and inform us the check details: check number, check date, amount, and issuing bank/branch, the branches accepts until 12:00nn for check payments).

Thank you and God bless!

Warm Regards,

DANALYNNE S. DUMALIANG

Acquired Assets Assistant

Special Assets Department I

Asset Recovery Group

Land Bank of the Philippines

Tel No. 8522-0000 loc. 7247

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