The Government Service Insurance System (GSIS) shall sell via public bidding a total of 35 GSIS foreclosed properties this December 19, 2017. Bidding details can be found below.
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GSIS foreclosed properties public bidding details
December 19, 2017 Public Bidding
The public bidding for October shall be held on December 19, 2017, Tuesday, from 8:30am to 10:00am.
It includes 35 foreclosed properties from Bulacan (Meycauayan, Plaridel, and 1 from San Jose Del Monte City)
Interested parties can submit sealed bids at the Level 8, Narra Room, GSIS Building, Financial Center, Roxas Boulevard, Pasay City.
You may download the PDF file below:
How to buy GSIS foreclosed properties
The procedure on buying foreclosed properties from the GSIS is explained in detail in the general guidelines and guide for bidders which are also included in the listings above. For easy reference, I have shared below in verbatim.
General guidelinesDownload general guidelines
Guide for biddersDownload guide for bidders
How to inquire
For inquiries, you please call the GSIS Real Property Accounts Management Department DIRECTLY through the following telephone numbers:
As stated in the general guidelines:
“Disposal of GSIS IP-RUs is on “As-is Where-is” basis. Interested bidders are enjoined to personally inspect the GSIS IP-RUs for sale. “As-is Where-is” is defined as the present physical condition of the retail unit that GSIS is selling and the buyer is buying, “with all attendant faults, if any,” whether or not immediately apparent and without any express or implied warranty. The buyer takes this condition at his or her own risk, without recourse against the GSIS as to their condition. This includes knowledge by the buyer of the presence of occupants in the retail-unit being purchased.”