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PDIC Notice of Sale
PDIC Notice of Sale
NOTICE OF SALE
"As-Is-Where-Is" Basis
Sealed offers for negotiated sale of the following properties on "As-Is-Where Is" basis will be accepted by the R/L ROPA Disposal Committee starting
September 3, 2010 under the following terms and conditions : a) Sale shall be on AS-IS-Where-IS basis & b) The offer must be higher by at least 10% than
the disposition price. For inquiries and to secure Offer to Buy form, please contact Ms. Ma. Joselyn S. Vallada at tel. nos. (02) 841-4729 to 31 or visit the
abovecited address. The sealed envelope containing the Offer to Buy form must be labelled as follows:
The Chairperson , R/L ROPA Disposal Commitee
CONTENTS : OFFER for RB BUUG (ZAMBOANGA DEL SUR), INC.
The term "As-Is-Where-Is" shall refer not only to the physical condition of the property and its contents/inclusions at the time of the sale but also to the condition of the
owner's title or other evidence of ownership and the extent and state of whatever rights, interests and participation over the property the closed bank may have at the
time of the sale. In addition, the term "As-Is-Where-Is"shall mean to include the buyer's assumption of all unpaid taxes, fees, charges, assessments and the like
accruing on the property in order to transfer the certificate of title or other evidence of ownership from the owner in the title to the buyer. The buyer shall be
responsible in taking steps to verify all disclosures on the property/ies against its actual condition, title or other evidence of ownership, the size and area since the
descriptions of the property/ies are disclosed based only on available records of PDIC as Liquidator.
b - redemption period lapsed but title/TD not yet transferred in the name of the bank
c - with lessee/tenants/informal dwellers/caretaker/encroachment
e - with unpaid realty taxes
g - Untitled; area stated on TDs are only approximate because lots have not yet been surveyed
h - original owner’s or ROD’s copy of TCT missing; for reconstitution
l - no Right-of-Way or used as Right-of-Way
m - needs resurvey
u - with inconsistencies in data found in title/TD and from actual inspection
A - COS stamped registered by ROD but TD/title has no COS annotation