A total of 1,507 Pag-IBIG foreclosed properties located in Batangas, Bulacan, Cavite, Laguna, Metro Manila, and Rizal shall be for sale through a public sealed bidding on March 16 and 17, 2015.
You may download the complete list of pag-ibig foreclosed properties below. Please refer to the general guidelines and instructions for bidders within the listings for more details.
The two batches of sealed biddings with respective dates, areas included, and total number of Pag-IBIG foreclosed properties per batch, can be seen below:
|DATE||AREAS||NO. OF UNITS|
|March 16, 2015||Batangas, Bulacan, Cavite, Laguna, Metro Manila, and Rizal||755|
|DATE||AREAS||NO. OF UNITS|
|March 17, 2015||Batangas, Bulacan, Cavite, Laguna, Metro Manila, and Rizal||752|
As stated in the general guidelines, Bids cannot be lower than the minimum bid on the list.
Furthermore, bidders are required to submit a “BIDDER’S BOND either 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”, per bid proposal.
The bidder’s bond will also serve as the down payment for winning bidders.
Note: The bidder’s bond should be refundable for non-winning bidders, although I did not see any provision for this in the guidelines.
Payment for the balance amounting to ninety percent (90%) of the winning bid can be paid through:
- Cash – on which the approved purchase price shall be paid not later than thirty (30) calendar days from date of receipt of Notice of Award (NOA).
- Installment basis – on which payment shall be in equal monthly installment inclusive of interest and provided the chosen payment term shall not exceed twelve (12) months.
- Pag-IBIG Housing Loan
As usual, all foreclosed properties are for sale on an “as is, where is” basis.
For more details, please contact Pag-IBIG directly. (their contact details are within the listings that you can download below)
Download the listings of Pag-IBIG foreclosed properties for sale
Note: Aside from the listings, they have included the guidelines and instructions for bidders within the listings because it has answers to frequently asked questions about the the whole process of buying a Pag-IBIG property through 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! Thank you for understanding.
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