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FORECLOSED PROPERTY: PNB Forthcoming Auctions & Sealed Bidding Sales

7 Nov 2012

 

The Philippine National Bank (PNB) are holding three auctions of foreclosed properties.

These are in Pasay City 23 November (sealed bids of prime properties all over the Philippines), Roxas City (29 November - open auction) and Pagadian City (29 November - open auction).  

There is a pre-sale conference 20 November for the Pasay City sale

(Read all istructions on flyers below - if you have trouble reading because of the size, double click and flyer images will enlarge) 

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. 

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Tips Before the Auction:

1. Check auction flyers and advertisements in major national and local newspapers for more details.

2. If you are interested in one of the PNB's properties, please contact our Regional Asset Management Centers (RAMCs) and/or our Customer Service Desk for more information attel. nos. (02) 526-3131 & 891-6040 locals 4115, 4713, and 4539, (0917) 507-8385 or e-mail at properties@pnb.com.ph.

3. 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.

 

 

 


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