HBFC Public Auction of Mortgaged Properties under Financial Institutions (Recovery) Ordinance 2001 - Section 15

House Building Finance Company Limited (HBFC) announces public auctions for the sale of mortgaged properties under Section 15 of the Financial Institutions (Recovery of Finances) Ordinance, 2001. Properties located in multiple districts are being offered by HBFC branches. The sale is by public auction and each lot, reserve price, inspection schedule, bidding procedure and branch contact is detailed in the advertisement.

Key instructions for prospective bidders:

• Issuer: House Building Finance Company Limited (HBFC).
• Purpose: Public auction sale of mortgaged properties under Section 15 of the Financial Institutions (Recovery of Finances) Ordinance, 2001.
• Locations: Multiple HBFC branch locations are listed in the notice (examples visible in the advertisement include Hyderabad, Nawabshah and Faisalabad). Bidders must refer to the specific branch listing for each property.
• Property details: Each lot in the advertisement shows the property description, file/reference number and the reserve/demand amount. Interested parties should consult the full listing for lot-specific details.
• How to bid: Follow the auction instructions given for each lot in the advertisement. Bid submission requirements, earnest money/bid security amount and mode, and the auction venue/time are specified against each property in the advertisement.
• Inspection & queries: Inspect properties and obtain bidding documents from the HBFC branch shown against the relevant lot. Contact numbers for the HBFC branches are provided in the advertisement for queries and clarifications.

Prospective bidders should consult the full advertisement or contact the HBFC branch listed for their lot to obtain the exact auction date/time, reserve price, inspection date and bid submission requirements before participating.