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Home » Classifieds » Negros Occidental » Bacolod City » SSS Foreclosed Property (Bungalow) at L23 B12 Venus St., Hillside Subd., Brgy. Mansilingan, Bacolod City, Neg. Occ. (Lot Area: 200.00 sqm; Floor Area: 116.70 sqm)

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SSS Foreclosed Property (Bungalow) at L23 B12 Venus St., Hillside Subd., Brgy. Mansilingan, Bacolod City, Neg. Occ. (Lot Area: 200.00 sqm; Floor Area: 116.70 sqm)

by Editorial Staff
Published: August 17, 2020 (5 months ago)
PHP797,150.00

Category
Real Estate / Foreclosed Properties
Location
Negros OccidentalBacolod City
Property ID
SSS-Western-Visayas-1(2020-July-31)
Lot Area (sqm)
200
Floor Area (sqm)
116.7

This property is included in the list of SSS foreclosed properties for August 2020 that are for negotiated sale. More details below.

Property details

  • Region: Western Visayas
  • Property Location: L23 B12 Venus St., Hillside Subd., Brgy. Mansilingan, Bacolod City, Neg. Occ.
  • City, Province: Bacolod City, Negros Occidental
  • Lot Size (sqm): 200
  • Floor Area (sqm): 116.7
  • Dwelling Type: Bungalow
  • Fair Market Value: PHP 797,150.00

How to avail (Summary)

  1. Contact SSS directly for property availability and other details/requirements
  2. Do your due diligence (inspect property, check documents, etc.)
  3. Choose your preferred payment terms
  4. Submit offer and requirements as instructed by SSS

(* The above is just a summary, please contact SSS directly for more details. Contact info can be found below)

Payment Terms

This is the latest info I got from the SSS:

  • Minimum Downpayment:
    • For PHP 500,000 and below – Minimum of 5% of purchase price
    • For above PHP 500,000.00 – Minimum of 10% of purchase price
  • Interest rates (for installment payment)
    • 6% – 1 to 5 years installment term
    • 7.5% – 6 to 10 years installment term
    • 9% – 11 to 15 years installment term
  • Discounts:
    • 10% discount on purchase price for cash purchase
    • 10% discount on purchase price for successful eviction of illegal occupant for occupied properties.
  • Payment terms: Up to fifteen (15) years at 9% interest per annum (Note: interest rates can be lower if payment term is shorter, see above)

Contact Info for this SSS foreclosed property

Western Visayas

Contact Person: Engr. Antonio G. Wong, Jr.

Telephone No.: (034) 709-0880, 709-0412 to 17 Local 303

Email Address:

Address: 3rd Flr., SSS Bldg., 2nd Lacson St., Bacolod City


View complete list of SSS foreclosed properties included in this update

To view/download a complete list of SSS foreclosed properties included in this update, you may visit the following page:

==> SSS foreclosed properties for sale

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.

~~~

Last updated on: 2020-July-31 with file HAA_for_Sale_as_of_July_31_2020.pdf

Source: SSS Website

Full Disclosure: Nothing to disclose, this listing is being shared as a public service announcement for the benefit of the general public who are looking for foreclosed properties for sale.


FREE CHECKLIST: IDENTIFY AND AVOID PROBLEMATIC FORECLOSED PROPERTIES BY DOING PROPER DUE DILIGENCE!

Avoid losing money, wasted time and effort caused by buying foreclosed properties that have too many problems, with our free 60-item Property Due Diligence Checklist. Grab your free copy now.

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About Jay Castillo

I’m Jay Castillo and I help people avoid problems and mistakes when investing in foreclosed properties.

I encountered a lot of challenges myself, but thanks to patience and a lot of help from mentors and friends, I was able to overcome (or avoid) those challenges.

I started this blog in 2008 to serve as a guide where I share lessons learned, and how to overcome common challenges with investing in foreclosed properties in the Philippines.

I am not a “guru”, I only share what I have learned based on my own experience…​ [Read more]

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