Foreclosed Lot for Sale in Our Lady'S Village Subdivision-Virac, Virac, Catanduanes (Lot 11 Blk 5)

Through negotiated sale, Pag-IBIG Fund is selling this foreclosed lot in Our Lady'S Village Subdivision-Virac, Barangay Cavinitan, Virac, Catanduanes. It sits at Lot 11 Blk 5. The lot measures 125 sqm.

The minimum selling price is set at ₱737,500 (roughly ₱5,900 per sqm of lot area). Having gone unsold at public auction, it is sold at a fixed price on a first-come, first-served basis. Pag-IBIG labels this stage "up to 45% discount", depending on the mode of payment and the mode of sale. The published offer window is Oct 24 to Oct 30, 2026, closing at 11:59 PM Philippine time, followed by the opening of offers on Nov 3, 2026 at 9:00 AM.

It is listed as unoccupied. Its title is still under consolidation, meaning the transfer to Pag-IBIG Fund's name is not yet complete. The sale is as-is, where-is, which leaves any unpaid association dues to the buyer, so inspect the lot before making an offer.

Financing the whole price with a 30-year Pag-IBIG housing loan requires a gross monthly income of ₱12,297, according to Pag-IBIG, because the amortization of about ₱4,304 a month may not exceed 35% of income. A bigger down payment, or paying in cash, lowers that requirement. The handling office is Pag-IBIG's Naga Housing Business Center.