3rd and final update added on September 22, 2016: Added public auctions for Bacolod (September 23, 2016), Tuguegarao (September 26, 2016), Cebu (September 27, 2016), Isabela (September 27, 2016), and San Fernando (with and without discount, both on September 30, 2016).
2nd update added on September 4, 2016: Added public auctions with discounts. The additional auctions are scheduled for September 27 (Prime Properties and Unoccupied/Secured Units – Bulacan, Cavite, Laguna, and Metro Manila), September 28 (Selected Cavite Areas), and September 29 (Metro Manila, Bulacan, Rizal, Laguna, Batangas).
This is the list of public auctions to be conducted by Pag-IBIG for the month of September 2016. Just like in previous months, Pag-IBIG foreclosed properties are to be auctioned off in tranches by various Pag-IBIG branches in different auction venues.
For easy reference I have tabulated the auction schedules, venues for each auction, location of properties included, and links to the invitation to bid/complete list of properties included in each auction.
The table can be found below, and I have also included download links for the invitation to bid per auction.
Reminder: If you have any questions, please read the invitation to bid first as most questions already have answers in the file. The invitation to bid for each auction also includes general guidelines and instructions for bidders and contact details of Pag-IBIG.
The public auctions conducted by Pag-IBIG are mostly done through sealed bidding where interested parties will have to submit their sealed bids using the official bid forms from Pag-IBIG, along with the required 10% bid bond.
Please refer to the invitations to bid for complete instructions.
“Can I purchase through a Pag-IBIG housing loan?”
The obvious answer is “Yes”, you can purchase the foreclosed properties through a Pag-IBIG loan. Again, please refer to the Invitation to Bid to get the complete details, or contact Pag-IBIG directly.
Discounts are available!
For a number of auctions, Pag-IBIG has mentioned the following details about the discount:
Additional discounts shall be given to winning bidders, depending on their chosen mode of purchase, as follows:
|MODE OF PURCHASE||ADDITIONAL DISCOUNT|
|SHORT TERM INSTALLMENT||10%|
While getting a discount is somewhat expected with cash/shorter terms, getting 20% to 10% discount is huge if you ask me.
The auctions/properties with discounts are the last three on the table below (see additional info column).
Pag-IBIG foreclosed properties auction schedules (September 2016)
|Pag-IBIG Branch that will conduct the auction||Auction Date||Auction Venue||Areas / Location of foreclosed properties included / With or without discount||Download Invitation to bid/complete listings||Additional Info||Number of foreclosed properties included in the auction|
|La Union Branch||September 1, 2016, 8:00am||Audio Visual Room, 4th Floor, Home Development Mutual Fund Bldg., Govt. Center, Sevilla, San Fernando City, La Union||La Union, Baguio, Dagupan||No Discount||109|
|NCR Branch||September 13, 2016, 9:00am to 12:00nn||7th Flr. JELP Business Solutions Center, 409 Shaw Blvd.|
|Selected Cavite Areas||No Discount||251|
|NCR Branch||September 14, 2016, 9:00am to 12:00nn||7th Flr. JELP Business Solutions Center, 409 Shaw Blvd.|
|Selected Cavite Areas||No Discount||219|
|NCR Branch||September 15, 2016, 9:00am to 12:00nn||7th Flr. JELP Business Solutions Center, 409 Shaw Blvd.|
|Batangas, Bulacan Laguna, Metro Manila, Rizal||No Discount||342|
|La Union Branch||September 15, 2016||2nd Floor, Pag-IBIG Fund Building, Government Center, Sevilla, San Fernando City, La Union||La Union, Ilocos Sur, Ilocos Norte, Benguet, Pangasinan||Bulk Sale||388|
|NCR Branch||September 20, 2016, 9:00am to 12:00nn||7th Flr. JELP Business Solutions Center, 409 Shaw Blvd.|
|Prime Properties-Cavite, Laguna, Metro Manila Rizal|
Unoccupied (Secured by property management)-Bulacan, Cavite, Laguna, and Metro Manila
|Bacolod Branch||September 23, 2016, 9:00am to 12:00nn||2nd Floor Gaisano Grand City Mall, Araneta St., Brgy. Singcang, Bacolod City||Bacolod City, Bago City, Himamaylan, Silay, Manapla||With Discount for 2nd auction properties||34|
|Tuguegarao Branch||September 26, 2016, 9:00am to 12:00nn||3rd floor, Conference Room Editha Tuddao Building, Balzain Highway, Tuguegarao City||Cagayan, Kalinga||No Discount||58|
|Isabela Branch||September 27, 2016, 9:00am to 12:00nn||Activitiy Center Robinsons Place, Santiago City Isabela||Isabela, Ifugao, Nueva Vizcaya, Quirino||No Discount||107|
|Cebu Branch||September 27, 2016, 9:00am to 1:00pm||5th Floor, Conference Room No. 2, Pag-IBIG FUND - WT Corporate Tower, Mindanao Avenue, Cebu Business Park, Cebu City||Mandaue City, Lapu-Lapu City, Cordova, Consolacion, Liloan City, Danao City, Bogo CIty, Toledo City, Cebu City, Talisay City||No Discount||63|
|NCR Branch||September 27, 2016, 9:00am to 12:00nn||7th Flr. JELP Business Solutions Center, 409 Shaw Blvd.|
|Prime Properties and Unoccupied (Secured Units)-Bulacan, Cavite, Laguna, and Metro Manila||With Discount!!!||249|
|NCR Branch||September 28, 2016, 9:00am to 12:00nn||7th Flr. JELP Business Solutions Center, 409 Shaw Blvd.|
|NCR Branch||September 29, 2016, 9:00am to 12:00nn||7th Flr. JELP Business Solutions Center, 409 Shaw Blvd.|
|Metro Manila, Bulacan, Rizal, Laguna, Batangas||With Discount!!!||312|
|Pampanga Branch||September 30, 2016, 9:00am to 12:00nn||2nd Floor Room 9 Suburbia Commercial Center, Maimpis, City of San Fernando, Pampanga||Pampanga, Tarlac, Bataan||No Discount||76|
|Pampanga Branch||September 30, 2016, 9:00am to 12:00nn||2nd Floor Room 9 Suburbia Commercial Center, Maimpis, City of San Fernando, Pampanga||Pampanga, Tarlac, Bataan||With Discount!!!||76|
Source: Official Pag-IBIG website
For more details, please contact Pag-IBIG directly through the contact details specified in each of the listings above. You may also download the official forms directly from Pag-IBIG’s website.
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