If you have been looking for your dream house or you want to invest in a real estate property, going to the public auction of Pag-IBIG could be one of your best options.
Why is it a good option to purchase Foreclosed Properties? Well, it’s because most, if not all of these properties are being offered at a more affordable or cheaper price but with the same value as other properties in the market.
If you have the funds or the means to bid for properties during the auction, it would be a good opportunity for you to find great deals on real estate properties.
Foreclosed Properties in NCR
If you are looking for real estate properties in the National Capital Region or NCR, there would be two schedules for the auction of foreclosed properties with discount.
- August 10, 2017 – 510 properties in Cavite area will be available for auction
- August 11, 2017 – 350 properties in Batangas, Bulacan, Laguna, Metro Manila and Rizal will be available for auction
The auction will be held at the 7th Flr. JELP Business Solutions Center, 409 Shaw Blvd., Mandaluyong City.
Types of Properties Available for Auction:
- Condo Units
- Row House
- Town House
- Single Attached
- Single Detached
- Duplex
- Quadruplex
- Lots Only
Foreclosed Properties in Provinces
If you are looking for foreclosed properties WITH DISCOUNT in Pampanga, you should attend the public auction on August 4 at Jollibee Maimpis Mac Arthur Highway Maimpis, City of San Fernando, Pampanga. 140 properties in Bataan, Pampanga, and Tarlac will be auctioned off.
There will also be another schedule of an auction for NCR Properties with NO DISCOUNT on August 22, 2017 at the same venue above. A total of 181 foreclosed properties in Bulacan, Batangas, Cavite, Laguna, Metro Manila and Rizal areas will be auctioned off.
August 3, 2017 – Baguio Branch
7 foreclosed properties in Benguet and Baguio City will be available during the public auction on August 3 at the 4th Floor S. Building, Upper Session Road., Engineers Hill, Baguio City.
August 8, 2017 – Calamba Branch
230 foreclosed properties in Batangas, Laguna, and Quezon will be available during the public auction on August 8 at the Bugong Bistro ALX Building, National Highway, Brgy. Halang, Calamba City
August 10, 2017 – La Union Branch
9 foreclosed properties in Ilocos Norte, Abra, and La Union will be available during the public auction on August 10 at the Audio Visual Room, 4th Floor, Home Development Mutual Fund Bldg., Govt. Center, Sevilla, San Fernando City.
August 17, 2017 – Dagupan Branch
22 foreclosed properties in Pangasinan will be available during the public auction on August 17 at the 3rd Floor CB Mall Bldg., Nancayasan, Urdaneta, City.
August 25, 2017 – Tuguegarao Branch
117 foreclosed properties in Cagayan, Isabela, Nueva Vizcaya, and Quirino will be available during the public auction on August 25 at the Activity Center, Robinsons Place, Santiago City, Isabela.
General Guidelines for Public Auction
Since the properties that are available for public auction are foreclosed or acquired assets, expect that these are sold on an “AS IS, WHERE IS” basis. Therefore, you should inspect the properties that you’re interested to buy before tendering your offer.
Also, remember that the Bid Offer shall not be lower than the minimum bid that has been set by Pag-IBIG Fund which you can see in the attached PDF files at the Pag-IBIG website.
Depending on your chosen mode of payment (assuming you won the bidding or you offered the highest bid), you may be given additional discounts. If your mode of payment is Cash, you will be given an additional discount of 20%. If it’s installment, you’ll be given 10% additional discount.
To see updates on the list of foreclosed properties and schedule of public auctions, please visit the Pag-IBIG website. You may also contact Pag-IBIG NCR office numbers 654-1398 or 422-3000 local 5124 for your inquiries.
Click here to read: Where to Find Affordable Houses for Sale in the Philippines
Disclaimer: ParaSaPinoy is not affiliated with Pag-IBIG Fund. This article is for information purposes only.
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