The Philippine National Bank – Special Assets Management Sector shall be holding a public auction of foreclosed properties on September 3, 2009, Thursday, 2:00pm, at the Ritz Tower de Leyte, Real Street, Tacloban City, Leyte, Philippines. The Properties for auction are from Samar, Leyte, Cebu, and Bohol.
According to the property listing which I received through e-mail, foreclosed properties are available at up to 30% discount*, for as low as 8% interest rates*, and with payment terms up to 10 years.
*Rates may vary according to the market value of the property.
What to Bring
Installment buyers are advised to bring proof of income such as ITR, Certificate of Employment, Bank Statement, Etc. Participants are also required to make a deposit of Php25,000 cash or managers check(No Deposit, No Participation)
Purchase proposals submitted prior to the auction will be treated as valid bids. Submissions must be made to the PNB-Special Assets Management Head Office-Manila by August 28, 2009 at 3pm.
For auction inquiries, you may contact the following:
PNB SPECIAL ASSETS MANAGEMENT SECTOR
- Mobile No. (0917) 507-8385
- Tel. No. (02) 526-3131 / 891-6040
- Locals: 4115 / 4713 / 4539 (Vanesa, Paulo & Notch)
REGIONAL ASSET MANAGEMENT CENTER
- Tel. Nos. (032) 412-1883 (Inting / Cecile)
- Mobile No. (0917) 507-7172
- Tel. Nos. (053) 523-9191 (Rey / Myra)
- Mobile No. (0917) 507-7182
The auctioneer reserves the right at anytime to pull out or update status of the properties in the event discrepancies are found.
PROPERTIES FOR SALE ARE ON AN “AS IS WHERE IS BASIS”
Inadvertent misprints shall not alter the property’s factual condition or be deemed as a misrepresentation of the property.
PNB ACCEPTS REAL ESTATE BROKERS
Marketing Division will facilitate the registration for all interested Real Estate Brokers during the Auction Event. For more details please call (02) 891-6040 local 2919 or email [email protected]. Contact person: Ricky Legaspi.
I am not an accredited broker of PNB though I may consider this in the near future.
To our financial freedom!
Real Estate Investor
Real Estate Broker License #: 20056
Social Network: http://foreclosurephilippines.ning.com
E-mail: [email protected]
FREE CHECKLIST: IDENTIFY AND AVOID PROBLEMATIC FORECLOSED PROPERTIES BY DOING PROPER DUE DILIGENCE!