SOME 1,400 Home Development Mutual Fund (Pag-IBIG) borrowers in Pampanga are urging its officials to comply with the agency’s obligations to its members, specifically on the status of their housing loans in the controversial Globe Asiatique’s Xevera projects in Mabalacat and Bacolor towns.
In a letter of appeal to Pag-Ibig Fund President and CEO Darlene Berberabe, the Pag-IBIG members also asked the agency to “stop complicating matters” concerning their respective housing acquisitions and to proceed either with the transfer of their fully paid units in their names or start servicing the residents and legitimate buyers in the two Globe Asiatique housing projects in Pampanga.
They noted that it has been more than four years since the agency started the prosecution of Globe Asiatique, headed by Delfin Lee, for the alleged P6.6-billion housing-loan scam, but the fate of the legitimate borrowers and buyers has remained in limbo until now.
“As legitimate members of the people’s fund, we are currently burdened by the same agency that we have entrusted to provide us the benefit of owning a house we can call our own. We are deeply troubled by your continued disregard of the decisions of courts of justice,” the group, led by Jose Quiambao Jr. and Rolando Santos, said in a letter to Berberabe.
“Your agency’s approval of our housing-loan application and the completed housing units, including the ideal housing communities being offered to us by Globe Asiatique, are more than enough guarantees that led us to acquire our dream homes in the two housing enclaves,” they added.
They noted that over the past years, the idea of the supposed double-sale of the housing units in Xevera projects in actuality “remains unproven as we have yet to see or experience any actual claimants in all our respective abodes.”
The group insisted that they are not ghost buyers, contrary to claims of the agency.
In contrast, homeowners also noted the titles of ownership of a number of fully paid members were quietly transferred to Pag-IBIG, resulting in the need for them to spend additionally and unnecessarily through a civil case against Pag-IBIG at the Regional Trial Court (RTC) in Angeles City.
The Court of Appeals last year sustained a ruling issued by the RTC in Makati City allowing the damage suit filed by Globe Asiatique Realty Holdings Corp. against the Pag-IBIG Fund.
The Court of Appeals’ Special 11th Division rejected on a technicality the petition filed by Pag-IBIG seeking the reversal of the decision issued by Judge Eugene Paras of Branch 58 of the RTC in Makati, on January 30, 2012.
Paras ruled that Pag-IBIG, and its board of trustees, was guilty of breaching the provisions of the memorandum of agreement and the funding commitment agreements it signed with Globe Asiatique.
Paras said Pag-IBIG should not be allowed to escape liability by simply alleging that the defaulting buyer-borrowers were fictitious, considering that it was the agency that approved all its fund membership and the loan applications of the buyers borrowers.
The homeowners and borrowers said the current temporary restraining order issued by the Supreme Court against the decision of the appellate court favoring the legitimacy of Globe Asiatique’s legal claims should not in any way affect Pag-IBIG’s decision to honor its agreements with them and the developer.
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