The Social Security System (SSS) just published their April 2019 list of foreclosed properties available for negotiated sale. According to the nationwide list, it was last updated on March 29, 2019 (the last working day of March). Details below.
Here’s an overview of where the foreclosed properties on the list are located:
- Metro Manila (NCR): 15
- Northern Luzon: 6
- Central Luzon: 29
- Southern Luzon: 8
- Bicol Region: 1
- Central Visayas: 2
- Western Visayas: 13
- Southern Mindanao: 97
- Western Mindanao: 1
View / Download the list of SSS foreclosed properties
For easy searching and filtering, you may view the entire list in our “Classifieds Database” below:
Click here to view searchable list of SSS Foreclosed Properties (Database)
You may also view the list of SSS foreclosed properties in PDF format, below (the list is quite long at 40 pages).
If the viewable list is not showing correctly above, or you prefer to download a copy, just use the download button/link below.
Click to download SSS foreclosed properties listing
Note: You will need Adobe Acrobat Reader to view PDF files, which is free to download at Adobe.com
Source: SSS Official website
Payment Terms
The last time I called up SSS to ask for their payment terms, here’s what I got (Please call SSS to confirm if the following are still valid):
- Minimum Downpayment: 10% of selling price if selling price is above PHP500,000.00, 5% if selling price is below PHP 500,000
- Discounts: A cash sale will get 10% discount. You can also get 10% discount if a property is occupied.
- Payment terms: Up to fifteen (15) years at 9% interest per annum (Note: interest rates can be lower if payment term is shorter, call for details)
Note: You might be thinking about the additional 10% discount if a property is occupied. Before you decide, please remember that ejecting the occupants is not for the faint-hearted, which is why we recommend to move-on to other available properties if the property you are interested in turns out to be occupied.
Reminders
All foreclosed properties are for sale on an “as is where is basis”. Property availability and prices are subject to change without prior notice. All offers are subject to approval by management. Misprints shall not be construed as misrepresentation of the property.
Who to contact for more information
For more details, please contact SSS directly through the contact details as indicated inside the list of foreclosed properties above.
Full disclosure: Nothing to disclose, we are not accredited real estate brokers of SSS, and we are just sharing this to everyone who might be interested.
