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: ph.investor@gmail.com
Text by Jay Castillo. Copyright © 2009 All rights reserved.
