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PDIC sealed bidding of ROPA of closed banks slated on December 17, 2010

The Philippine Deposit Insurance Corporation (PDIC), through their Real and Other Properties Acquired (ROPA) Disposal Committee, shall be having another sealed bidding of properties of closed banks on December 17, 2010, 9:00am, at the 9th Floor,  PDIC Training Room, SSS Building, PDIC Extension Office, Ayala Avenue corner Rufino Street, Makati City. They will accept sealed bids only up to 2pm.

The list of closed banks whose ROPA are for sale are as follows:

  • Accord Savings Bank, Inc.
  • Balayan Bay Rural Bank (Batangas), Inc.
  • Bank of East Asia [Banco Rural del Bisayas (Minglanilla, Cebu)], Inc.
  • Orient Commercial Banking Corporation
  • Rural Bank of Bautista (Pangasinan), Inc.
  • Rural Bank of Dasol (Pangasinan), Inc.
  • Rural Bank of Malilipot (Albay), Inc.
  • Rural Bank of Nampicuan (Nueva Ecija), Inc.
  • Rural Bank of Oas (Albay), Inc.
  • Rural Bank of San Miguel (Bulacan), Inc.
  • Rural Bank of San Pedro (Laguna), Inc.
  • Rural Bank of Sta. Rita (Pampanga), Inc.
  • Sandigan Savings Bank, Inc.

Download the complete list of foreclosed properties or bank acquired assets

Click here to download the INVITATION TO BID for the sealed bidding of ROPA of closed banks.

Source: PDIC Website

Bid forms, copies of the Conditions of Bid and standard format of the Special Power of Attorney and Secretary’s Certificate which are required for participants who are submitting a bid on behalf of another individual or an organization, respectively, may be secured free of charge from: PDIC Ayala Extension Office, Asset Management Group, 7th Floor, SSS Bldg., No. 6782 Ayala Ave. cor. Rufino St., Makati City. Bid documents may also be downloaded from the PDIC website.

Reminders (PLEASE READ)

Don’t forget to call the PDIC ROPA Disposal Committee directly to get more information through telephone numbers 841-4000 local 4729 or 4731.

Yes, please call the PDIC ROPA Disposal Committee directly! I am neither connected, nor accredited with PDIC. I am just posting this as a pubic service to readers and subscribers of Foreclosure Investing Philippines.

Happy hunting!

To our success and financial freedom!

Jay Castillo
Real Estate Investor

Real Estate Broker License #: 20056
Blog: https://www.foreclosurephilippines.com
Follow me in Twitter:http://twitter.com/jay_castillo
Find us in Facebook:Foreclosure Philippines facebook page

Text by Jay Castillo and Cherry Castillo. Copyright © 2010 All rights reserved.

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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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