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Home » Foreclosed Properties » Legazpi City Auction of foreclosed properties from PDIC and various closed banks rescheduled to November 16, 2017

Legazpi City Auction of foreclosed properties from PDIC and various closed banks rescheduled to November 16, 2017

Important update – Please read! This auction has been rescheduled to November 16, 2017, as per bid bulletin posted on PDIC’s website. Please be guided accordingly.

BID BULLETIN # 1
20 September 2017

The public is hereby informed of the resetting of the conduct of public bidding of PDIC and various closed banks’ properties at the Bangko Sentral ng Pilipinas – Legazpi Branch, Barangay 18, Rizal St. Cabagñan, Legazpi City from September 28, 2017 (Thursday) to November 16, 2017 (Thursday).

The Philippine Deposit Insurance Corporation (PDIC) continues their series of auctions with another sealed bidding of their foreclosed properties and also from closed banks on September 28, 2017 November 16, 2017. More than 100 foreclosed properties are included in the list, plus a couple of repossessed cars. Details can be found below.

As per Invitation To Bid, sealed bids shall be accepted at the Bangko Sentral ng Pilipinas – Legazpi Branch, Barangay 18 Rizal, St. Cabagñan, Legazpi City

Sealed bids shall only be accepted from 9:00am to 2:00pm.

These foreclosed properties included in the listings below are for sale “for CASH” and “as-is, where-is” basis, so make sure that you have done your due diligence before submitting your bid(s).

The list of foreclosed properties can be viewed inside our foreclosed real estate database, and you may also download the list through the invitation to bid below.

Download invitation to bid

PDIC Invitation to bid for the rescheduled auction. Originally scheduled for September 28, 2017, it was moved to November 16, 2017.

Click to download PDIC’s Invitation to Bid for the sealed bidding on November 16, 2017

Note: You will need Adobe Acrobat Reader to view PDF files, which is free to download at Adobe.com

Source: PDIC website

Who to contact to get more details?

As stated in the invitation to bid:

Complete description of the properties is available at the Asset Management and Disposal Group, PDIC 7/F SSS Building, Ayala Avenue cor. Rufino St., Makati City.

For further information, you may call PDIC’s Public Assistance Department at:

  • Tel. No. : (632) 841-4630 to 31
  • Toll free : 1-800-1-888-7342 or 1-800-1-888-PDIC
  • Email : pad@pdic.gov.ph

Full disclosure: Nothing to disclose. The PDIC bidding is for direct buyers only. We are posting this as a form of public service because a lot of you out there have been asking for these listings.

If you have any questions/inquiries, please contact PDIC directly through the contact details in the invitation to bid above. Thank you for understanding!

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About Jay Castillo
People encounter problems and make mistakes when buying foreclosed properties, and Jay wants to help people avoid those problems/ mistakes. Jay encountered a lot of those, which is why he started this blog in 2008 to serve as a guide where he shares lessons learned, and how to overcome challenges you may encounter when investing foreclosed properties in the Philippines … [Read more]
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