Auction of Php80.3-Million worth of PDIC foreclosed properties slated on December 20, 2012

ADVERTISEMENT

The Philippine Deposit Insurance Corporation or PDIC will be conducting a sealed bidding of Php80.3-Million worth of real estate assets on December 20, 2012, 9:00am, at the 9th Floor PDIC Training Room, SSS Building, V. A. Rufino Street corner Ayala Avenue, Makati City, Philippines.

The deadline for the submission of sealed bids will be at 2:00 pm on the same day. Bids will only be accepted from direct buyers. More details below.

Foreclosed properties and acquired assets from PDIC and closed banks are included in the bidding, and are from Metro Manila, Luzon, Visayas, and Mindanao areas. All properties are for sale on an “AS-IS, WHERE IS” basis, and buyers are advised to conduct their own due diligence, prior to submitting any sealed bids.

Auction terms

All bidders are required to include in their sealed bids a 10% bid bond in the form of cash or manager’s check. For winning bidders,  the balance of the winning bids must be paid on or before January 4, 2013.

Download the list of PDIC foreclosed properties for sealed bidding

To download the complete list of PDIC foreclosed properties for sealed bidding on December 20, 2012, just click on the image preview below. The list consists of 8 pages and is in PDF format.

pdic foreclosed properties listing for december 20 2012 sealed bidding

ADVERTISEMENT

Alternately, you may click on the following link to download the list.

Source: PDIC website*

*Other relevant forms and pictures of the properties (when available) can also be found in the official website of the PDIC.

For more information

You may contact PDIC directly through the following telephone numbers

  • 841-4665
  • 841-4671

Happy hunting!

~~~

To our success and financial freedom!

Jay Castillo

Real Estate Investor
PRC Real Estate Broker License No. 3194 
Blog: http://www.foreclosurephilippines.com
Connect with us – Facebook | Twitter | Blog RSS | Google +

Text by Jay Castillo and Cherry Castillo. Copyright © 2008 – 2012 All rights reserved.

Full disclosure: Nothing  to disclose. 

Never miss an article, subscribe now and get email alerts when we publish new foreclosed property listings and real estate investing tips.


About Jay Castillo

Jay is the founder of Foreclosurephilippines.com where he shares real estate investing tips and foreclosed property listings. He quit his job as an I.T. Manager to focus on Real Estate Investing and Internet Marketing. He is a PRC licensed Real Estate Broker (REB License # 3194)... [Read more]

Get more from Jay : Facebook | Google+ | Twitter | LinkedIn

  • Aina

    Hi, I am an interested buyer of the house and lot in xavierville but do you have pictures?

  • Bryan Manalo

    Hi Jay,

    SInce this is a sealed bidding, and the check is required together with the sealed bid, what would happen to your check if your bid was not selected?

    Cheers,
    B

    • http://www.foreclosurephilippines.com Jay Castillo

      Hi Bryan, if your bid was not selected, the check will be returned to you. Thanks for dropping by… cheers!

  • Jun Penaranda

    This Is Cool .. this helps me a lot ….

  • aldrin

    hi jay, How can I be a part of your team?

    I am in 5 years now in the business. from Empire east, Ayala Land and Ortigas Company.

    Thank you,

    Aldrin Mindanao