B027 Listing
Maybank / Philmay
Refer, Earn, Invest and Travel!
Maybank / Philmay
Note 1: For viewing of the units, we shall schedule the same and our representative shall accompany you and your client (submission of date and time and IDs is required for authorization letter purposes).
Note 2: The above-property shall be the subject of double transfer of ownership as follows:
1. From former owner’s name to MPI's name (all expenses for the account of MPI); and
2. From MPI’s name to buyer’s name (please refer to condition 6 below).
Our ROPA Admin Team shall handle the processing of the double transfer of ownership and will coordinate with the buyer for the taxes, fees and expenses needed to be paid for the transfer of ownership and shall turn-over to the buyer the TCT/s and tax declaration/s once the same are transferred in the buyer’s name.
Submission of offer to buy is on a first-come, best-offer basis and the sale of property/ies is subject to the following basic terms and conditions:
1. All sale shall be on an "as-is, where-is, no warranties and no recourse" basis. Buyer to assume the issues of the property/ies. Status and condition of the property/ies are not comprehensive or complete. Buyers are therefore advised to conduct their own due diligence (including property documents verification, among others) prior to submission of an offer to buy.
2. Initiation and pursuance of the ejectment/eviction of squatters/occupants/lessees/ tenants/former owners on, or any other person claiming possession of, the subject property, if there be any, and/or renovation of the improvements, if applicable, as well as proper handling and disposal of the personal belongings left inside the property/ies, all the corresponding costs of which shall be shouldered by the buyers.
3. Any and all claims/cases of whatever kind and nature that may be instituted against or affecting the property/ies subject of sale shall be assumed by the buyer.
4. Securing relocation survey for the property to determine its exact location and boundaries and its attendant cost shall be for the account of the buyer.
5. The buyer shall be responsible in obtaining from the Department of Agrarian Reform the clearance/exemption of the subject property/ies, if agricultural, from the coverage of the Comprehensive Agrarian Reform Program. The expenses in obtaining said clearance/exemption shall be for the account of the buyer. The seller shall not be liable to the buyer if such exemption is not obtained.
6. All expenses in connection with the transfer of title/s from MPI to the buyer shall be for the account of the buyer including but not limited to Documentary Stamps Tax, business tax, notarial fees, registration and transfer fees, and such other fees and expenses as may be necessary for the validity of this instrument except for the Expanded Withholding Tax, which shall be for the account of the seller to the extent of 6% of the gross selling price only). Any additional taxes that may be imposed by the Bureau of Internal Revenue or any appropriate government agency shall be for the account of the buyer.
7. Other terms and conditions that the Legal Department may impose to protect the interest of the Bank.
Also, below is our basic procedure on purchase of foreclosed property:
1. Buyer to conduct property due diligence checking (with concerned government offices) and inspection.
2. Once decided to pursue purchase and accepts the condition that buyer will assume the issues/problems of the property, buyer to submit official offer to buy forms with government-issued IDs and accepts the "as-is, where-is" sale condition.
3. Our office will advise buyer if offer to buy may be acceptable to Management.
4. If offer may be acceptable to Management, we shall advise buyer to submit requirements.
5. Once requirements are submitted, we secure Management's approval.
6. Once approved, a formal Notice of Approval shall be issued to the buyer containing the approved terms and conditions and payment due date.
7. If offer is not acceptable to Management, we shall send a letter advising the buyer to improve their offer.
Please do not hesitate to get in touch with us for any clarification.
Thank you.
For all applications:
* Offer to buy form
* Buyers Information Sheet (both wife and husband/co-buyer)
* 2 valid ID with 3 specimen signature (Both wife and Husband/co-buyer)
* Proof of income (Remittances/Payslip/Bank Statement) both spouses
* Proof of billing (Water bill/Electricity Bill/ Telephone Bill)
* Marriage Certificate (if married)
* Birth Certificate (if single) & Cenomar
* Certificate of Employment both spouses
* SPA (if applicable)
If applicant is in business or in professional practice:
*Latest BIR Form 1701 or 2317 with attached Audited Financial Statement with BIR Stamp
* TIN Verified If applicant is employed:
*Proof of income (ITR/Pay slip/Financial Statement/Remittances)
*Latest Certificate of Employment
*Latest Income Tax Return or BIR Form 2316, 2306, 2307, or 1700
If applicant is an OFW:
*Any of the following:
*Consularized Certificate of Employment
*Job Contract
*Proof of Remittance for the past 3 months
*Active OFW Account
*Philippine based Loan Administrator and Co-maker with source of income (to submit same requirements as applicant)
If applicant is an Immigrant:
*Latest Certificate of Employment and any of the following:
*Latest Income Tax Return
*Proof of Remittance for the past 3 months
*Active OFW Account
*Payslips for the past 3 months
*Philippine based Loan Administrator and Co-maker with source of income (to submit same requirements as applicant)
For Corporate Buyers:
* Original Board Resolution and/or Secretary’s Certificate authorizing the purchase and appointing the signatory for the corporation
* SEC Registration
* Articles of Incorporation and By-laws
* Latest Income Tax Return (BIR Form 1702)
* Latest Audited Financial Statement
* Photocopy of valid ID of the signatory
* Community Tax Certificate of the company and signatory
* Tax Identification Number of the company and signatory
As requested, attached are the documents of the above-subject property which may be of use for your property due to diligence checking. Sale of the property is on “first-come, first-served” subject to the following basic terms and conditions:
1. The sale is on an “as-is, where-is” basis.
2. Initiation and pursuance of the ejectment/eviction of squatters/occupants/lessees/tenants/former owners on, or any other person claiming possession of, the subject property, if there be any, and its attendant cost, as well as with the renovation of the improvements, if applicable.
3. Any and all claims/cases of whatever kind and nature that may be instituted against or affecting the property subject of sale shall be assumed by the buyer.
4. Securing a relocation survey for the property to determine its exact location and boundaries and its attendant cost.
5. The buyer shall be responsible for obtaining from the Department of Agrarian Reform the clearance/exemption of the subject property, if agricultural, from the coverage of the Comprehensive Agrarian Reform Program. The expenses in obtaining said clearance/exemption shall be for the account of the buyer. The seller shall not be liable to the buyer if such an exemption is not obtained.
6. All sales shall be on an "as-is, where-is" basis, “no warranties” and "no recourse" basis. Status and condition of the property/ies is/are not comprehensive or complete. Buyers are therefore advised to conduct their own due diligence checking prior to submission of an offer to buy.
7. Other terms and conditions that the Legal Department may impose to protect the interest of the Bank.
Discreet inspection is recommended on properties with occupants.
For further queries, please feel free to contact us.