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PNB to sell prime foreclosed properties through public sealed bidding on January 29, 2010

The Philippine National Bank (PNB) is all set to sell prime foreclosed properties through public sealed bidding on January 29, 2010, Friday, at the 9th floor, PNB Financial Center, President Diosdado Macapagal Boulevard, Pasay City.

Up for sale are residential, commercial, and industrial foreclosed properties from the Greater Manila Area, Luzon, and Mindanao. Please continue reading to get a sneak peak at some of the PNB foreclosed properties for sale.

Item 01-Industrial / Warehouse

Km 15 East Service Road (near Bicutan interchange). South Superhighway, Paranaque City

PNB-ITEM-01-picture-map

PNB-ITEM-01-details

Item 11 – Residential Condominium

Unit-L 21st Floor, Legaspi Towers 300, Roxas Boulevard, Malate, Manila

PNB-ITEM-11-picture-mapPNB-ITEM-11-details

Item 36 – Residential / Industrial

Lot 1 & 2 San Vicente St., San Vicente, San Pedro, Laguna

PNB-ITEM-36-picture-mapPNB-ITEM-36-details

Click here to download PNB’s flyer for more PNB foreclosed properties that are up for sale through sealed bidding on January 29, 2010.

Do keep in mind that the price and status of the foreclosed properties for sale are subject to change without prior notice. The foreclosed properties are for sale on an “as is where is” basis.

Interested in any of the foreclosed properties?

Interested bidders are invited to attend PNB’s Pre-Bidding Conference on January 26, Tuesday, 2:00PM, at the PNB-SAMS Head Office. For more details, please contact PNB-SAMS directly through their contact details below:

PNB Special Assets Management Sector – Head Office

SAMS CUSTOMER SERVICE
Hotline: (02) 573-4115
Email: amscustomerservice@pnb.com.ph
Trunkline: (02) 526-3131 & (02) 891-6040 to 70 local 4115, 4539, or 4713

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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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6 thoughts on “PNB to sell prime foreclosed properties through public sealed bidding on January 29, 2010”

  1. Hello,

    I would like to buy a house & lot preferrably in Quezon City. And I would like to see some of the listings of foreclosed properties. I am interested to know the procedures in buying foreclosed properties. Pls. help me. Thanks

    Zendel

    Reply
  2. i really enjoy reading all the information that you send to me. i appreciate it so much. by the way do you happen to know the procedure on how to avail a repossessed car?i hope that you could help me.and how about the procedure on foreclosed properties?again, thank you so much.

    Reply
    • Hi Gemmae, thanks for the compliment! Buying repo cars would be much the same as buying a foreclosed property. You just do your due diligence by checking if all of the car’s/property’s papers are in order as well as check the physical condition of the car/property by bringing along a trusted mechanic/contractor. If things are in order, and the terms are okay with you, you can then submit an offer or attend the auction and bid for the property. Financing would be subject to bank approval. I am drafting a step by step procedure and hope to publish it soon. Please do watch for it!

      Reply
      • Hi I would like to invest in the Philippines and would be interested in foreclosed properties in Makati area …

        I’ll be in Manila in May …

        Please let me know where and who I should look for …

        Merci

        Reply
  3. Pingback: Prime foreclosed properties featured in the PNB Asset Gazette for January 2010
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