Public Sealed Bidding is one of the channels traditionally engaged by PNB in the disposal of its foreclosed assets. It is a more proactive approach to ensure that PNB’s properties with established floor prices are properly marketed with the aspiration to entice potential buyers into participating and purchasing PNB’s roster of properties for sale.
In the Public Sealed Biddings, bidders submit their purchase proposals in a sealed envelope. All envelopes received are opened before a committee for evaluation. The bidder with the highest complying bid will be declared as the winning bidder.
1. 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 firstname.lastname@example.org.
2. 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.
3. Prepare Php25,000.00 as show money. Special Power of Attorney is required for buyer's representative.
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