A total of 312 Pag-IBIG foreclosed properties are up for grabs in a public sealed bidding to be held on April 2, 2014. The public sealed bidding includes foreclosed properties/acquired assets, from Batangas, Bulacan, Laguna, Metro Manila, Rizal, and selected Cavite areas.
Bidders are encouraged to inspect the properties before bidding. The properties will be sold on an “as-is, where-is” basis so take note which properties are occupied, and check the physical and legal condition of the properties.
Bids may be submitted from 9:00 am to 12 noon of April 2, 2014 at the 7th Flr. Conference Room of the JELP Business Solutions Center, 409 Shaw Blvd. Mandaluyong City.
Please note that the Minimum Bid shall not be lower than the appraised value, and that each bid proposal should be accompanied by a BIDDER’S BOND in CASH or MANAGER’S CHECK issued by any commercial bank, payable to Pag-IBIG FUND for an amount equivalent to 10% of the BID PRICE. The bidder’s bond shall serve as the bidder’s down payment should he win in the sealed public bidding.
The cheapest property I’ve seen is around P150,000 so 10% of that is only P15,000.00. The balance may be paid via Pag-IBIG Housing Loan, so it is very affordable.
To View/download the complete list of Pag-IBIG foreclosed properties for sale through public auction, please visit : http://www.foreclosurephilippines.com/pag-ibig-foreclosed-properties-for-sale-public-sealed-bidding-april-2-2014