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HLF201 LetterOfIntent (NPARP) V01

The letter expresses the applicant's intent to avail of Pag-IBIG's Non-Performing Asset Resolution Program to settle their housing loan account. It provides details of the loan such as the account and property location. The applicant commits to the terms of the chosen settlement mode, whether it be cash, installment, or new housing loan. Failure to comply will result in foreclosure. The applicant understands the settlement is subject to final approval.

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Emil Pervera
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121 views2 pages

HLF201 LetterOfIntent (NPARP) V01

The letter expresses the applicant's intent to avail of Pag-IBIG's Non-Performing Asset Resolution Program to settle their housing loan account. It provides details of the loan such as the account and property location. The applicant commits to the terms of the chosen settlement mode, whether it be cash, installment, or new housing loan. Failure to comply will result in foreclosure. The applicant understands the settlement is subject to final approval.

Uploaded by

Emil Pervera
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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HQP-HLF-201

(V01, 07/2017)

LETTER OF INTENT

__________________
Date

To: CONCERNED DEPARTMENT/DIVISION/UNIT

Dear Sir/Madam:

As the ( Principal Borrower  Legal Heir  Successor-In-Interest), I would like to express my intention to
avail of the Pag-IBIG Non-Performing Asset Resolution Program (NPARP) to settle the housing loan account as
described below:

HL Account No. :

Principal Borrower :

Property Location :
Mode of Settlement :  Cash  Installment (for ___ months)  Housing Loan

Should I fail to comply with the terms and condition of the chosen mode of settlement as I have committed, I
am aware that the Pag-IBIG Fund will pursue the cancellation of the Contract to Sell (CTS)/Deed of Conditional
Sale (DCS) or initiate foreclosure proceedings, as the case may be. Further, I also agree that Pag-IBIG Fund
has no commitment and makes no guaranty to approve my application, as it is understood to be subject to final
approval by Pag-IBIG Fund’s approving authorities.

For your consideration. Thank you.

Very truly yours,

___________________________
Signature over Printed Name of
the Applicant

With Consent from:

___________________________
Signature over Printed Name of
Principal Borrower

Note: If the housing loan account is to be settled by successor-in-interest, the principal borrower shall sign on the “With consent from”
portion of this Letter of Intent.

THIS FORM MAY BE REPRODUCED. NOT FOR SALE.


HQP-HLF-201
(V01, 07/2017)

APPLICANT DETAILS
Last Name First Name Name Extension Middle Name Maiden Name Relation to Borrower DATE OF BIRTH
(e.g. Jr., III) (for Heir/Successor-in-Interest)

PERMANENT HOME ADDRESS Pag-IBIG MID NO.


Unit/Room No., Floor Building Name Lot No., Block No., Phase No. or House No. Street Name

SSS/GSIS ID NO.
Subdivision Barangay Municipality/City Province and State Country (if abroad) ZIP Code

TAXPAYERS IDENTIFICATION NO. (TIN)


PRESENT HOME ADDRESS
Unit/Room No., Floor Building Name Lot No., Block No., Phase No. or House No. Street Name
CONTACT DETAILS
(Indicate country code if abroad)
Subdivision Barangay Municipality/City Province and State Country (if abroad) ZIP Code COUNTRY + AREA CODE TELEPHONE
NO.
Home Tel. No.
EMPLOYER/BUSINESS NAME
Cellphone No.
EMPLOYER/BUSINESS ADDRESS
Unit/Room No., Floor Building Name Lot No., Block No., Phase No. or House No. Street Name
Employer/Business Tel. No.
Subdivision Barangay Municipality/City Province and State Country (if abroad) ZIP Code
Email Address
MEMBERSHIP CATEGORY (details for settlement through housing loan only) Repricing
Mandatory Voluntary (Employed) Voluntary (Individual Payor) Period
 Employed Private  Employed Foreign  Non-Working Spouse
 03  20 PREFERRED MAILING ADDRESS
 Employed Government Government  Member of Religious Group  Present Home Address
 Barangay  05  25
 Overseas Filipino  Pensioner/Investor/Lessor
Official/Employee  Member of Cooperative/Union
 10  30  Employer/Business Address
Worker  15
 Self-Employed (SE)  Others _________________  Permanent Home Address
THIS PORTION IS FOR PAG-IBIG FUND USE ONLY
Account Type :  MCR  MCR under Foreclosure  SCR

 Account has undergone the full cycle of remediation activities (for SCR/MCR).  YES  NO  N/A

 No pending legal case against the Fund relative to foreclosure of REM/cancellation of CTS/DCS.  YES  NO  N/A

 No filed legal case against the Fund relative to foreclosure/CTS/DCS cancellation that has been decided in favor of the Fund.  YES  NO  N/A

 Borrower/Heir/Successor-In-Interest has not yet availed of NPARP.  YES  NO  N/A

 For MCR under foreclosure, if already offered in auction sale, the Fund is the Winning Bidder and COS is not yet registered.  YES  NO  N/A

 For SCR Accounts:


o Account has not been subject of NOB due to Breach of Warranty due to fraud on loan documentation & misrepresentation.  YES  NO  N/A

o CTS/DCS not yet cancelled.  YES  NO  N/A

 For settlement through housing loan:

o At least with single payment after the takeout date of the original loan or after loan restructuring date.  YES  NO  N/A

o Active Pag-IBIG Member  YES  NO  N/A

Received and verified by: Date: Time:

THIS FORM MAY BE REPRODUCED. NOT FOR SALE.

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