A total of 729 Pag-IBIG foreclosed properties located in Rizal, Bulacan, Metro Manila, Cavite, Laguna, and Batangas shall be for sale via public sealed bidding on February 23 and 24, 2015.
Submission of bids for both dates shall be from 9:00am to 12:00nn at the 7th Flr., Conference Room, JELP Business Solutions Center, 409 Shaw Blvd., Mandaluyong City.
The two batches of sealed biddings with respective dates, areas included, and total number of Pag-IBIG foreclosed properties are listed below:
|DATE||AREAS||NO. OF UNITS|
|February 23, 2015||Rizal, Bulacan, Cavite, Laguna and Batangas||176|
|DATE||AREAS||NO. OF UNITS|
|February 24, 2015||Rizal, Bulacan, Metro Manila*, Laguna and Batangas||556|
*I noticed Metro Manila meant Caloocan and Valenzuela, and included very few properties.
Various kinds of property types are included, and they are single attached/detached house and lots, vacant lots, condos, townhouses, duplexes, quadroplexes (that’s what it says on the list!), and row houses.
Please bear in mind that there are occupied properties on the list, and as usual, these are all for sale on an “as is, where is” basis.
I just want to highlight that discounts are available for the second batch based on the guidelines as follows (Note: I could not find this in the guidelines of the first batch):
|MODE OF PURCHASE||ADDITIONAL DISCOUNT|
Obviously, a 10% or 20% discount is huge, so my suggestion to interested bidders is to check with Pag-IBIG if the discounts for the second batch can also apply to the first batch. Who knows, they might have just forgotten to include this in the batch 1 guidelines.
“Can I buy a foreclosed property through a Pag-IBIG housing loan?”
The question above is probably the most frequently asked question we see, and for these listings, the answer is- Yes, you can purchase these foreclosed properties through a Pag-IBIG housing loan!
Please refer to the guidelines for more details, or you may contact Pag-IBIG directly. (their contact details are within the listings below)
Download the listings of Pag-IBIG foreclosed properties for sale
Note: Aside from the listings, they have included the guidelines after the listings because it obviously has answers to other frequently asked questions about the the whole process of buying a property through the sealed bidding. Please take time to read it. If you have any questions/inquiries, please contact Pag-IBIG directly through their contact details within the listings.
Full disclosure: Nothing to disclose. We are not accredited real estate brokers of Pag-IBIG. We are posting this as a form of public service because a lot of you out there have been asking for this. If you have questions/inquiries, please contact Pag-IBIG DIRECTLY!
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