Philippines Foreclosed Properties: PNB Auction Cagayan De Oro City August 16 2012
5 Aug 2012
The Philippne National Bank (PNB) are holding an auction of foreclosed properties located in Misamis Oriental and Occidental, Bukidnon, Agusan Del Norte and Del Sur & Lanao Del Norte.
This auction will be held August 16th in the Mallberry Suites Hotel in Cagayan De Oro City beginning at 2pm.
Full details in the flyer below.
The Bank’s acquired assets are also offered thru public auctions that are held nationwide. In these auctions, any person eligible to purchase real properties under Philippine laws may bid for properties offered at huge discounts.
PNB referrors and accredited licensed real estate brokers are welcome to represent their clients during the auctions.
Tips Before the Auction:
1.
Check auction flyers and advertisements in major national and local newspapers for more details.
We recommend that you inspect the property of interest before the auction event, as properties are sold on an “as is where is” basis. Coordinate with our AMS Sales Account Officers on the schedule of your visit.
4.
Prepare Php25,000.00 as show money. Special Power of Attorney is required for buyer’s representative.
Register at the Registration Desk. Brokers or representatives are also requested to register. Read the Auction Rules and Conditions and fill out forms.
2.
Submit accomplished forms at Bidder Number Desk, a PNB representative shall check the forms for completeness.
3.
Deposit the Php25,000.00 showmoney to the teller at the Deposit Money Desk. Sign the Acknowledgement Receipt and ask for a copy. The teller will keep the original copy.
4.
You will be given a bidder number. The name of the participant shall be written in the Bidder number list.
5.
Review the list of properties to be auctioned. Wait and relax until the auction is officially opened.
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