The Philippine National Bank (PNB) is all set to sell prime foreclosed properties through public sealed bidding on January 29, 2010, Friday, at the 9th floor, PNB Financial Center, President Diosdado Macapagal Boulevard, Pasay City.
Up for sale are residential, commercial, and industrial foreclosed properties from the Greater Manila Area, Luzon, and Mindanao. Please continue reading to get a sneak peak at some of the PNB foreclosed properties for sale.
Item 01-Industrial / Warehouse
Km 15 East Service Road (near Bicutan interchange). South Superhighway, Paranaque City
Item 11 – Residential Condominium
Unit-L 21st Floor, Legaspi Towers 300, Roxas Boulevard, Malate, Manila
Item 36 – Residential / Industrial
Lot 1 & 2 San Vicente St., San Vicente, San Pedro, Laguna
Do keep in mind that the price and status of the foreclosed properties for sale are subject to change without prior notice. The foreclosed properties are for sale on an “as is where is” basis.
Interested in any of the foreclosed properties?
Interested bidders are invited to attend PNB’s Pre-Bidding Conference on January 26, Tuesday, 2:00PM, at the PNB-SAMS Head Office. For more details, please contact PNB-SAMS directly through their contact details below:
PNB Special Assets Management Sector – Head Office
SAMS CUSTOMER SERVICE
Hotline: (02) 573-4115
Email: amscustomerservice@pnb.com.ph
Trunkline: (02) 526-3131 & (02) 891-6040 to 70 local 4115, 4539, or 4713
Hi, I’m Jay Castillo, full time dad, real estate investor, and internet marketer, based in the Philippines
[...] This post was mentioned on Twitter by Jay Castillo, Ideal Development. Ideal Development said: PNB to sell prime foreclosed properties through public sealed … http://bit.ly/8U836n [...]
[...] Today, I am posting the PNB Asset Gazette for January 2010 which features just some of the prime foreclosed properties for sale in their first public sealed bidding scheduled this year. According to the Asset Gazette, the Philippine National Bank-Special Assets Management Sector or PNB-SAMS has slated 10 public sealed biddings for the year 2010. The first of these will be on January 29, 2010 and you can read more about it in my previous post: PNB to sell prime foreclosed properties through public sealed bidding. [...]
i really enjoy reading all the information that you send to me. i appreciate it so much. by the way do you happen to know the procedure on how to avail a repossessed car?i hope that you could help me.and how about the procedure on foreclosed properties?again, thank you so much.
Hi Gemmae, thanks for the compliment! Buying repo cars would be much the same as buying a foreclosed property. You just do your due diligence by checking if all of the car’s/property’s papers are in order as well as check the physical condition of the car/property by bringing along a trusted mechanic/contractor. If things are in order, and the terms are okay with you, you can then submit an offer or attend the auction and bid for the property. Financing would be subject to bank approval. I am drafting a step by step procedure and hope to publish it soon. Please do watch for it!
Hi I would like to invest in the Philippines and would be interested in foreclosed properties in Makati area …
I’ll be in Manila in May …
Please let me know where and who I should look for …
Merci