INFORMATION BLITZ: Paalala sa mga OFW-members ng PhilHealth: Ang PhilHealth membership and contribution ay MANDATORY ayon sa batas kaya magpamiyembro at magbayad ng kontribusyon bago umalis ng bansa. Seguraduhin ang proteksyon ng kalusugan ng iyong sarili at pamilya.

Friday, May 22, 2015

Pag-IBIG foreclosed properties in Zambo up for public auction

By Dominic I. Sanchez

ZAMBOANGA CITY – Foreclosed properties and acquired assets with the Home Development Mutual Fund (Pag-IBIG) will be publicly auctioned to the public on June 11, this year at the Western Mindanao State University gymnasium.

According to Acquired Asset Management chief Mary Joanne Ibalio-Reyes, properties that will be auctioned include those in the city, as well as from Basilan, Sulu, Tawi-Tawi and Dipolog City.

“Each minimum bid will not be lower than the appraised value,” Reyes said. She added that each bid should be accompanied by a bidder’s bond of 10% of the value, either in cash or in a manager’s check.

Pag-IBIG organized the public bidding as the number of foreclosed properties has been rapidly increasing. In Zamboanga and Dipolog City, 102 properties are up for auction; Tawi-Tawi has 75 and Sulu has 206.

Pag-IBIG should at least dispose of 265 assets as stated in their 2015 Annual Disposal Target.

Meanwhile, Reyes urged Pag-IBIG members to promptly pay their contributions and loans. “Failure to do so may result to foreclosure and (the property) will eventually be sold to interested bidders,” she added.

“I am inviting everyone to come, join and buy in the upcoming public auction. This is open to public,” Reyes said.