Reminder: For inquiries, more property details/clarification, please contact Pag-IBIG contact person(s) DIRECTLY!

Contact info:

“Interested parties may visit the 3rd Floor, Pag-IBIG FUND WT Corporate Tower, Mindanao Avenue, Cebu Business Park, Cebu City or contact MR. ANGELO E. HERMOSISIMA; MS. JERRA MAE D. PACINIO, MS. KAYE ANTONETTE A. DIANO AND MS. MERALIZA RUBIA at tel. nos. (032) 260-1800 and (032) 412-2110. You may also email your inquiries for further details at aehermosisima@pagibigfund.gov.ph or cebulmrd.lrrd2@pagibigfund.gov.ph”

Property details

- Property Source: Pag-IBIG FUND (HDMF)
- Property Number/ID: 806420071000013 (Item # 24. for this batch/tranche)
- Property Location (address): LOT 2 & 3, BLOCK 02, RAYSLAND SUBDIVISION, TALAMBAN, CEBU CITY, CEBU
- Type: LOT ONLY
- TCT/CCT Number: 168964 & 168965
- Lot Area (sqm): 100.00
- Floor Area (sqm): 0.00
- MINIMUM BID PRICE: PHP 765,000.00
- Appraisal Date: 25/Jan/2022
- *REQUIRED GROSS MONTHLY INCOME FOR BIDDERS WHO WILL CHOOSE LONG TERM INSTALLMENT AS MODE OF PAYMENT (Amount is based on minimum bid price, required GMI may change depending on actual Bid Offer): PHP 13,636.01
- Remarks: Unoccupied – For consolidation – REM

Public Auction Info, Guidelines and Step-By-Step Procedure

Publication Batch/Tranche: Cebu Tranche 97 (2nd Auction – With Discount)
Period of Acceptance of bids/offers: June 27 to July 1, 2022
Opening of bids/offers: July 5, 2022
Where to register and submit bids/offers (dropbox locations):

3rd Floor, Pag-IBIG FUND WT Corporate Tower, Mindanao Avenue, Cebu Business Park, Cebu City

> General guidelines w/ step-by-step instructions for Cebu Tranche 97 (2nd Auction – With Discount) – CLICK TO VIEW

Reminders:

“Interested parties are encouraged to visit Pag-IBIG’s website, https://pagibigfund.gov.ph/acquiredassets.html five (5) days prior the actual opening of bid offers, to check whether there is any erratum posted on the list of properties posted under the sealed public auction/negotiated sale.

PAG-IBIG FUND RESERVES THE RIGHT TO REJECT ANY OR ALL BIDS, TO WAIVE ANY FORMALITY THEREIN OR ACCEPT SUCH BIDS AS MAY BE CONSIDERED MOST ADVANTAGEOUS TO THE FUND. THE DECISION OF THE FUND IS FINAL AND BINDING.”

How to avail or participate in the public auctions of Pag-IBIG acquired assets

This is just an overview/summary of how to avail/participate in a public auction conducted by Pag-IBIG:

View the list of properties included in the auction and identify properties you are interested in.
Do your due diligence. When you find a property that you are interested in, you need to do a reasonable amount of due diligence (property inspection to see extent of repairs needed, check if there are any illegal occupants, checking the titles/tax declarations for any problems, etc.). Always keep in mind that foreclosed properties are for sale on an “As-is, where-is” basis.
Secure forms you need to fill-out and submit when you register for the auction. If a property passes your due diligence and you want to participate in the auction, you need to secure and fill-out related forms from Pag-IBIG. You will submit these when you register to submit your bid offers. (refer to the guidelines for exact forms, and where to secure them)
Register for the auction/bidding – Bidders are required to register at the Acquired Asset frontline counter servicing (venue to be specified per auction) prior to dropping of sealed bid offer/s. Only bid offers from registered bidders shall be accepted and a registration stub will be issued as proof of registration.
Submit sealed bid/proposal – Bidders are advised to submit their proposals together with a photocopy of their 2 valid Identification (ID) card and latest proof of income only on the scheduled date of batch. No proposals shall be accepted earlier or later than the scheduled date. Please refer to bidding guidelines for more details.
Opening of sealed bids shall be done as per schedule. The results of the sealed public auction shall be released and posted at Pag-IBIG’s official website. Winning bidders shall also be notified via email and SMS.
Winning Bidders Payment of Bid Bond – As per guidelines: “The winning bidder shall be required to pay his/ her BID BOND equivalent to five percent (5%) of the BID OFFER and shall be paid within 3 working days after the publication of the winning bidders. It shall be in Philippine Currency and may be in the form of cash or manager’s check payable to Pag-IBIG Fund. It shall likewise serve as the down payment of the winning bidder”
Payment of the remaining ninety five percent (95%) bid offer balance will depend on the chosen mode of payment (refer to guidelines for details)

Reminder: What you see above is just a quick summary. The exact step-by-step instructions are inside the guidelines as released by Pag-IBIG for each auction.

Contact Info

Please direct all inquiries to the designated contact persons from Pag-IBIG:

“Interested parties may visit the 3rd Floor, Pag-IBIG FUND WT Corporate Tower, Mindanao Avenue, Cebu Business Park, Cebu City or contact MR. ANGELO E. HERMOSISIMA; MS. JERRA MAE D. PACINIO, MS. KAYE ANTONETTE A. DIANO AND MS. MERALIZA RUBIA at tel. nos. (032) 260-1800 and (032) 412-2110. You may also email your inquiries for further details at aehermosisima@pagibigfund.gov.ph or cebulmrd.lrrd2@pagibigfund.gov.ph”

View more Pag-IBIG foreclosed properties and FAQ’s

To view our updated compilation of Pag-IBIG foreclosed properties for sale, plus answers to frequently asked questions, visit the following page:

==> Pag-IBIG foreclosed properties for sale, schedules, and FAQ’s

Disclaimer and Reminders

All foreclosed properties are for sale on an “AS IS, WHERE IS” basis. Interested parties are reminded to conduct proper due diligence prior to the purchase of any foreclosed property.

Availability, prices, and property status are subject to change without prior notice.

Misprints should not be construed as misrepresentation of the property.

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Last updated on: 2022-June-09 with file cebu_t-97wd_060922_compressed.pdf

Source: Pag-IBIG Website (As retrieved for the JUNE-JULY-2022 schedules/listings)

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