Foreclosed Lot for Sale in Pilar, Sorsogon (Lot 5779-A)

This foreclosed lot is in Barangay Salvacion, Pilar, Sorsogon, and Pag-IBIG Fund is offering it through the 1st public auction. The record lists it as a non-subdivision property. The record places it at Lot 5779-A. Its lot area is 1,000 sqm.

The minimum bid price is set at ₱2,100,000 (roughly ₱2,100 per sqm of lot area). A 1st public auction listing carries no discount: sealed offers must meet the minimum bid price, and the highest qualified offer wins at the bid opening. The published offer window is Oct 19 to Oct 23, 2026, closing at 11:59 PM Philippine time, followed by the bid opening on Oct 26, 2026 at 9:00 AM.

The record marks the lot 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 work the lot needs 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 ₱35,014, according to Pag-IBIG, because the amortization of about ₱12,255 a month may not exceed 35% of income. Paying in cash or putting more money down reduces the income needed to qualify. The handling office is Pag-IBIG's Naga Housing Business Center.