Foreclosed Lot for Sale in St. Joseph Village Subdivision, Donsol, Sorsogon (Lot 16 Blk 03)

This lot is a Pag-IBIG Fund foreclosed property in St. Joseph Village Subdivision, Barangay Awai, Donsol, Sorsogon, offered through the 1st public auction. It sits at Lot 16 Blk 03. The lot measures 100 sqm.

At ₱460,000, the minimum bid price works out to about ₱4,600 per sqm of lot area. In the 1st public auction, sealed offers must meet the minimum bid price, and the highest qualified offer wins when the bids are opened. There is no discount at this stage. The offer period was set for Oct 19 to Oct 23, 2026, closing at 11:59 PM Philippine time, with the bid opening on Oct 26, 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 ₱7,670, according to Pag-IBIG, because the amortization of about ₱2,684 a month may not exceed 35% of income. Paying part of the price in cash or making a bigger down payment lowers the income you need. Pag-IBIG's Naga Housing Business Center handles the sale.