- PAG IBIG FORECLOSED HOUSE AND LOT IN ILOILO HOW TO
- PAG IBIG FORECLOSED HOUSE AND LOT IN ILOILO REGISTRATION
Pag-IBIG Foreclosed Lot Only – LOT 02, BLOCK 04, VILLA REGINA SUBDIVISION, LIPATA, PARANAS, SAMAR (Lot Area: 86.00 sqm) – For Public Auction on April 4-8, 2022. Pag-IBIG Foreclosed Lot Only – LOT 07, BLOCK 02, VILLA REGINA SUBDIVISION, LIPATA, PARANAS, SAMAR (Lot Area: 200.00 sqm) – For Public Auction on April 4-8, 2022. Pag-IBIG Foreclosed Lot Only – LOT 02, BLOCK 02, VILLA REGINA SUBDIVISION, LIPATA, PARANAS, SAMAR (Lot Area: 200.00 sqm) – For Public Auction on April 4-8, 2022. Pag-IBIG Foreclosed LOT ONLY – LOT 11, BLOCK 05, VILLA REGINA SUBDIVISION, LIPATA, PARANAS, SAMAR (Lot Area: 72.00 sqm) – For Negotiated Sale on May 9-13, 2022. The exact step-by-step instructions are inside the guidelines as released by Pag-IBIG for each auction. Reminder: What you see above is just a quick summary. Payment of the remaining ninety five percent (95%) bid offer balance will depend on the chosen mode of payment (refer to guidelines for details). It shall likewise serve as the down payment of the winning bidder” It shall be in Philippine Currency and may be in the form of cash or manager’s check payable to Pag-IBIG Fund. Winning Bidders Payment of Bid Bond – As per guidelines: “The winning bidder shall be required to pay his/ her BID BOND equivalent to five percent (5%) of the BID OFFER and shall be paid within 3 working days after the publication of the winning bidders. Winning bidders shall also be notified via email and SMS. The results of the sealed public auction shall be released and posted at Pag-IBIG’s official website. Opening of sealed bids shall be done as per schedule. Please refer to bidding guidelines for more details. No proposals shall be accepted earlier or later than the scheduled date. Submit sealed bid/proposal – Bidders are advised to submit their proposals together with a photocopy of their 2 valid Identification (ID) card and latest proof of income only on the scheduled date of batch. PAG IBIG FORECLOSED HOUSE AND LOT IN ILOILO REGISTRATION
Only bid offers from registered bidders shall be accepted and a registration stub will be issued as proof of registration.
Register for the auction/bidding – Bidders are required to register at the Acquired Asset frontline counter servicing (venue to be specified per auction) prior to dropping of sealed bid offer/s. (refer to the guidelines for exact forms, and where to secure them) You will submit these when you register to submit your bid offers. If a property passes your due diligence and you want to participate in the auction, you need to secure and fill-out related forms from Pag-IBIG. Secure forms you need to fill-out and submit when you register for the auction. Always keep in mind that foreclosed properties are for sale on an “ As-is, where-is” basis. When you find a property that you are interested in, you need to do a reasonable amount of due diligence (property inspection to see extent of repairs needed, check if there are any illegal occupants, checking the titles/tax declarations for any problems, etc.). View the list of properties included in the auction and identify properties you are interested in. PAG IBIG FORECLOSED HOUSE AND LOT IN ILOILO HOW TO
This is just an overview/summary of how to avail/participate in a public auction conducted by Pag-IBIG: How to avail or participate in the public auctions of Pag-IBIG acquired assets
3rd Floor, Pag-IBIG FUND WT Corporate Tower, Mindanao Avenue, Cebu Business Park, Cebu City or.Pag-IBIG Fund Calbayog Branch, Ground Flr.Pag-IBIG Fund Ormoc Branch, 2nd level Robinsons Place Ormoc, Brgy.Pag-IBIG Fund Home Lending Operations Office, 2nd Flr.Where to register and submit bids/offers (dropbox locations):.Period of Acceptance of bids/offers: June 13-17, 2022.Publication Batch/Tranche: Cebu Tranche 96 (1st Auction – No Discount).Public Auction Info, Guidelines and Step-By-Step Procedure This process can take a long time and will affect the consolidation of the title. *The BIR has an “Abatement Program” where the taxpayer can apply for the reduction or cancellation of taxes, penalties, and/or interest. NOTE: TCT UNDER DEVELOPER OR UNDER ABATEMENT* MAY TAKE SEVERAL YEARS (MORE OR LESS 5 YEARS) FOR TCT TO BE CONSOLIDATED IN THE NAME OF THE FUND
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