Foreclosed Rowhouse for Sale in Ibalong Village, Legazpi City, Albay (Lot 15 Blk 13)

This foreclosed rowhouse is in Ibalong Village, Legazpi City, Albay, and Pag-IBIG Fund is offering it through the 2nd public auction. It sits at Lot 15 Blk 13. The rowhouse has 24 sqm of floor area and stands on a 38-sqm lot.

At ₱522,405, the minimum bid price works out to about ₱21,767 per sqm of floor area. The 2nd public auction follows a 1st auction with no winning bid. Offers are sealed, the highest qualified offer wins at the bid opening, and Pag-IBIG gives up to 30% discount, depending on the mode of payment. The published offer window is Oct 12 to Oct 16, 2026, closing at 11:59 PM Philippine time, followed by the bid opening on Oct 21, 2026 at 9:00 AM.

It is listed as unoccupied. The title is under consolidation, so it is still being transferred to Pag-IBIG Fund's name. The sale is as-is, where-is, which leaves repairs and any unpaid association dues to the buyer, so inspect the rowhouse before making an offer.

Financing the whole price with a 30-year Pag-IBIG housing loan requires a gross monthly income of ₱8,710, according to Pag-IBIG, because the amortization of about ₱3,049 a month may not exceed 35% of income. Pag-IBIG's Naga Housing Business Center handles the sale.