Here’s the most updated list of HGC foreclosed properties for sale posted on their website and is updated as of June 30,2017. Get more details and download the listing below.
A total of 57 foreclosed properties from the Home Guarantee Corporation (HGC) are included in this list.
The list includes properties from NCR (Manila), CAR (Baguio City), Region I (La Union, Pangasinan), Region III (BUlacan, Bataan, Pampanga), Region IV-A (Cavite, Batangas), and Region XI (Davao City). Please refer to the list below.
Download the listing of HGC foreclosed properties
Note: Foreclosed properties with “special concerns” are included on the list, and this includes those with unconsolidated titles, properties that have illegal occupants, and those that have a lis pendens (pending court case), or any combination thereof.
You may view/download a copy of the list of HGC foreclosed properties for sale:
How to purchase/what are the modes of payment?
These foreclosed properties from HGC are for sale via sealed bidding, and modes of payment are as follows:
- Loan take-out/Bank financing
Complete instructions for buyers, and details for the modes of payment above as listed above, are available on the following page at HGC’s website:
I couldn’t find any telephone numbers or email addresses inside the listing above, so I’ll just post a link to HGC’s contact page below:
Here’s a reminder from HGC
HGC properties are sold on an “AS IS, WHERE IS” basis. Interested bidders are encouraged to conduct an independent evaluation of the properties through title verification and/or investigation of the physical and legal condition of the properties prior to submission of bids.
What is the Home Guarantee Corporation?
The Home Guaranty Corporation (HGC) is a government-owned and controlled corporation (GOCC) under the administrative supervision of the Housing and Urban Development Coordinating Council (HUDCC).
Since its creation in 1950 as the Home Financing Commission, HGC has institutionalized a viable system of credit guaranties that has become an integral component of the government’s shelter program.
HGC takes the risk out of private investment in housing by providing risk covers and fiscal incentives to housing credits extended by developers, banks and other financing institutions. The more HGC guarantees—the more private funds flow for housing and urban development.
With the enactment of Republic Act No. 8763, or the Home Guaranty Corporation Act of 2000, the authorized capital of HGC was increased from P2.5 billion to P50 billion and its corporate life extended to another 50 years.
Full Disclosure: Nothing to disclose, we are not accredited real estate brokers of HGC. We are sharing their listings as a form of public service for all readers and subscribers.
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