GSIS housing loan; preventing foreclosure of

mortgage; sample letter to GSIS to suspend

foreclosure and to clarify/reconcile accounts

January 8, 2016
URGENT MATTER –
Via Personal Delivery

Atty. xxx
Vice Pres. – Real Estate Asset 
Disposition and Management 
Office  (READMO)
Government Service Insurance
System (GSIS)
GSIS Financial Center
Pasay City

Re:                      GSIS Housing Loan Account No. x x x; TCT No.  xxx

                             (As Cited in the “Final Demand Letter”, dated
October 22, 2015, issued by xxx, Manager, GSIS Housing Account Reconciliation Dept.)

Mabuhay:

           We are the legal heirs of the deceased ATTY. xxx, who died on February 20, 2008 in xxx City of
natural cause.

          This refers to the conjugal/family home left by our said deceased father located at Lot xxx, Block
xxx, xxx St., xxx Subdivision, xxx, xxx City, with a lot area of 219 sq. m., with improvements thereon, and
covered by TCT No. xxx issued by Register of Deeds of xxx Province on March 20, 1972.

          We are writing in re: the aforementioned “Final Demand Letter”, dated October 22, 2015, issued by
xxx, Manager, GSIS Housing Account Reconciliation Department, addressed to our said deceased father,
which was received by us on December 10, 2015, giving him (i.e., his legal heirs or legal estate) 30 days
from receipt thereof to settle the alleged total liability of P17, 831, 394.99, otherwise, the GSIS shall be
constrained to cancel/foreclose the Deed of Conditional Sale (DCS)/Deed of Real Estate Mortgage
(DREM) on the said property.

          This letter is co-signed and conformed to by the legal heirs of our deceased father, named
hereinbelow who are present and available in the Philippines to sign this letter, as proof of my authority to
write this letter to the GSIS in behalf of legal estate and all the legal heirs of my deceased father.

The purposes of this letter are (a) to seek from the GSIS a clarificationof the vague, confusing or
inaccurate data and figures contained in the GSIS accounting database relative to the loan account of  
our deceased father and (b) to seek a fair and accurate updating and reconciliation of the true figures and
data involving the said account of my deceased father.
           While the foregoing requested activities are in progress, being studied and reviewed by the GSIS
and the legal heirs, we respectfully request that further legal actions, e.g., cancellation and foreclosure of
the DCS and DREM be DEFERRED AND SUSPENDED, in the interest of justice and fairness.

          More particularly, we request the following:

1.      We request that a RECONCILIATION OF ACCOUNTS be made by the GSIS considering that there
were non-posting or non-inclusion of payments made by our deceased father in 1972 and onwards.
2.    We request that the said 1972 payments be CREDITED against the principal loan (the official receipts for
which are no longer available in our records);
3.    We request that the 1985 payments (P13,000.00 plus) be CREDITED against the principal loan (the
official receipts for which are no longer available in our records but the said figure appears in the GSIS
accounting database);
4.    We request that payment of another amount of P16,000.00 plus be CREDITED against the principal loan
(the official receipts for which are no longer available in our records but the said figure appears in the
GSIS accounting database).
5.     We request a clarification and/or correction of the real or correct principal amount of the loan,
considering the following confusing information we have gathers from the GSIS: