Foreclosed Townhouse for Sale in Tierra Nava Lumbia, Cagayan de Oro City, Misamis Oriental (Lot 53 Blk 13)

This foreclosed townhouse is in Tierra Nava Lumbia, Barangay Lumbia, Cagayan de Oro City, Misamis Oriental, and Pag-IBIG Fund is offering it through the 1st public auction. It sits at Lot 53 Blk 13. The townhouse has 36 sqm of floor area and stands on a 40-sqm lot.

The minimum bid price is set at ₱2,260,000 (roughly ₱62,778 per sqm of floor 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 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. Like all Pag-IBIG acquired assets, it is sold as-is, where-is: inspect it first and budget for repairs and any unpaid association dues.

The required gross monthly income for this townhouse is ₱37,682, based on a 30-year Pag-IBIG housing loan for the full price; that points to an amortization of about ₱13,189 a month. A bigger down payment, or paying in cash, lowers that requirement. Pag-IBIG's Cagayan de Oro Branch handles the sale.