Another public auction of PNB foreclosed properties in the Bicol Region (includes Albay, Catanduanes, Camarines Sur, Camaraines Norte, and Sorsogon) will happen on March 26, 2015, Thursday, 2:00pm, at The Avenue Plaza Hotel, Magsaysay Avenue, Balatas, Naga City. Download the complete listing below.
Sneak Peek
Here are some properties included in the sealed bidding. (Note: To get pictures of the rest of the properties, you must contact PNB directly through their contact info in the auction flyer below.)
Bidding Details
These were printed in the flyer using tiny fonts and might be difficult to read, so I am pasting a copy here for easy reference.
- The Bank reserves the right at anytime to pull out or update status of the properties in the event discrepancies are found.
- Inadvertent misprints shall not alter the property’s factual condition nor shall they be deemed as a misrepresentation of the property
- PRICE & STATUS OF THE PROPERTIES ARE SUBJECT TO CHANGE WITHOUT PRIOR NOTICE
- PROPERTIES FOR SALE ARE ON AN “AS IS WHERE IS BASIS”
- Prior to the auction, bidders/buyers are advised to exercise due diligence on the physical and legal conditions of the property.
- DEPOSIT: PHP 25,000.00 CASH OR MANAGER’S CHECK ONLY
- NO DEPOSIT, NO PARTICIPATION-
- FOR INSTALLMENT BUYERS, PLEASE BRING PROOF OF INCOME (ITR, Cert. Of Employment, Bank Statement, Etc.)
- FOR REPRESENTATIVES, PLEASE BRING LETTER OF AUTHORIZATION
- Rates vary according to market value of property
- Brokers / Referrers of bidders need to be present during the auction to be eligible for commission
TERMS OF PAYMENT
1. Cash
2. Installment
A. For REGULAR SALE
– fixed 6% interest rate up to 5 years
– fixed 8% interest rate up to 5 to 10 years
B. For PABAHAY BONANZA Program
(properties 5M & below; with 20% deposit requirement)
– fixed 6% interest rate up to 10 years
– fixed 8% interest rate up to 10 to 20 years
Download the list of PNB foreclosed properties in Bicol
You may download the list of PNB foreclosed properties in Bicol that are for sale through public auction on March 26, 2015 below.
Click to download list of PNB foreclosed properties in Bicol for auction on March 26, 2015
Happy Hunting!
Reminder: Please contact PNB directly for more details with regard to this public bidding and any of the properties included. Thank you for understanding.
Full disclosure: Nothing to disclose. We won’t be able to attend this auction. Again, please contact PNB directly for more details. Thank you.
P.S. Don’t forget to subscribe to email alerts to get notified when we publish the new listings.
