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Avoid the cancellation and foreclosure of properties under Pag-IBIG housing loans

We chanced upon this announcement at the official website of Pag-IBIG, which is basically a reminder that delinquent Pag-IBIG housing loan borrowers still have a chance to avoid cancellation (under CTS) and foreclosure (with mortgage loan) of their homes.

This is a welcome development and we hope this will mean less Pag-IBIG foreclosures down the road.

Unfortunately, we could not find more details, although it should be very similar to Pag-IBIG’s loan condonation program, which they had several years ago.

Here’s a copy of the banner announcement from Pag-IBIG’s homepage:

Image source: http://www.pagibigfund.gov.ph
Image source: http://www.pagibigfund.gov.ph

It was difficult to view this banner because of how Pag-IBIG’s website rotates banners at their homepage. They were rotating pretty fast, good thing I managed to click the banner above, but it was not linked to a page with more details.

Anyway, the announcement is directed towards Pag-IBIG housing loan borrowers who have received final demand letters, and Pag-IBIG listed 3 options for borrowers, so they can settle arrears:

  • Loan restructuring program
  • Non-Performing Asset Resolution Program or NPARP
  • Plan of payment

We will update this article when we find more information from Pag-IBIG.

If you happen to have missed any of your monthly amortizations for your Pag-IBIG housing loan and find it difficult to pay the arrears/penalties, our advice is for you to contact Pag-IBIG directly and as soon as possible. They would be in the best position to assist you.

For more details, please contact Pag-IBIG directly

For you reference, here are Pag-IBIG’s contact details from their official website.

Image source: http://www.pagibigfund.gov.ph

One last reminder: Please contact Pag-IBIG directly for more info, thank you for understanding.

 

Source: Pag-IBIG/HDMF Official website: http://www.pagibigfund.gov.ph

By the way, If you have additional info with Pag-IBIG’s program above, please share through the comments section below. Thanks.

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About Jay Castillo
People encounter problems and make mistakes when buying foreclosed properties, and Jay wants to help people avoid those problems/ mistakes. Jay encountered a lot of those, which is why he started this blog in 2008 to serve as a guide where he shares lessons learned, and how to overcome challenges you may encounter when investing foreclosed properties in the Philippines … [Read more]
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55 thoughts on “Avoid the cancellation and foreclosure of properties under Pag-IBIG housing loans”

  1. due po akp ng 3 months january 24 pero nag settle po ako ng fullpayment feb 1 ok lang po ba yun. may letter kasing dumating feb 1. warning letter. hope u answer ng question thnks…

    Reply
    • Para makasiguro po kayo, hingi kayo ng Statement Of Account para ma-check kung pumasok on time yung payment niyo. In case merong nadagdag na interest, dapat pati yun ihabol niyo para siguradong current and updated na yung loan niyo.

      Reply
  2. sir yung pera na hinulog ko sa pagibig housing loan kanino ko kukunin . na cancelled. wala naman ako na kita sa 80k nana hulog ko. ganyan ba ang pagibig 80k pesos. kahit wala product, nagbayad ako 80k

    Reply
    • Hi Alison, sorry to hear na-cancel yung housing loan niyo. Ibig po ba sabihin hindi kayo nakatira dun sa bahay na nabili niyo through a housing loan? Di ba po kaya kayo nag loan ay para sa property na binibili niyo? Ano po nakalagay sa mortgage contract niyo?

      Reply
      • Good day po sir!
        May natanggap din po akong notice of cancellation di po kmi nakapgbayad ilang months due to naglasakit mister ko at Nagaland din po ng work die to this pandemic. Ano pong pwede gawin sir? Mahahabol pa po kaya namin ang bahay?
        Thank you po

        Reply
        • Hi Ms. Eden, sorry to hear your situation. I hope and pray maging okay na husband niyo at mag back to normal ang lahat as soon as possible.

          Naghanap po ako ang update from Pag-IBIG kung merong bago na loan condonation program or loan moratorium pero wala na po akong makita. 🙁

          Suggestion ko po kontakin niyo agad ang Pag-IBIG, baka pwedeng paki-usapan muna at makahingi ng loan moratorium or deferred payment terms.

          Reply
  3. hello po.tanong ko lang nung nag check ako online ng housing loan ko.nakalagay sa outstanding balance eh “account closed pls call the nearest pag ibig office’. kababayad lang ng misis ko last dec 3.ng 2 bwan. pati insurance.bale month of dec.lang wala akong naibayad.nag reflect naman sa website yung binayad ng misiss ko.anong ibig sabihin na account closed sa housing loan ko. eh wala kaming natatanggap na kung anong message o email.bigla nalang closed account na.1 month lang ako walang bayad.bakit po kaya nagka ganun.

    Reply
  4. May time na kami sa foreclossure date hanggang may 2020 nalang kami sa bahay..ano ho bang dapat gawin para maretain ang bahay..kinausap ko na rin ang taga pag ibig kaso, ang settlement pababayaran ng buo which is a million peso. ..may iabang paraan paba na maipayo nyu..

    Reply
  5. Sir

    Ask ko po kung me notice of cancellation na, pwede pa po ba makiusap sa pagibig na magbayad? Napapagbigyan pa po ba? Salamat.

    Reply
    • Helo po! Ask ko po f ano pong nangyari sa house nyo mam napagbigyan po ba kayo ng pag ibig? Kakatanggap din namin po notice of cancellation.

      Reply
  6. hello po subra worried na ako kasi my dumating n na letter sakin for cancellation ..my magagawa pa po b ako.oara hindi makuha bahay ko hindi ko pa kayang ibigay ung amount sa date n binugay sakin ..but im.willing to save my house from pagibig pslss give me suggestion

    Reply
  7. hello po subra worried na ako kasi my dumating n na letter sakin for cancellation ..my magagawa pa po b ako.oara hindi makuha bahay ko hindi ko pa kayang ibigay ung amount sa date n binugay sakin ..but im.willing to save my house from pagibig pslss give me suggestion

    Reply
  8. Hi Sir, good afternoon po. Meron ka po bang sample letter or draft para po ibalik ang unit sa pag-ibig? kase po hindi na po nababayaran yung unit. pwedi po ba makahingi ng sample sir? salamat

    Reply
  9. 5 months ko po di nabayaran ang housing loan namin. Pinadalan po ako ng letter ng law firm na mag result daw ng cancellation of contract to sell or foreclose pag hindi ko na settle ang 28k in 5days upon receipt ng letter na galing sa kanila. Tanong ko po if mabayaran namin ang 5 months arrears ko na 28k in 1 week after ma recived ang letter from lawfirm hindi na po ba ma po foreclose ang property ko?

    Reply
  10. Sir atleast 4 months po kami late sa payment namin and we are ask kung kaya namin i settle ng katapusan ung 4 months na hulog namin otherwise ifforeclose daw nila… We can pay naman pero partially lang and d other half is on the 4th or 5th day the following month… Would it be possible po ba

    Reply
  11. sir kung may notice of sheriff sale may way or pag asa pa po ba maisalba ang property or maiwasan na mawala ung property smen?baguhan lang po ko sa topics ng discussion bout forecluse real property etc..

    Reply
    • Sorry to hear your situation Ms. Liza. As far as I know, full payment na lang po ang pwedeng gawin para hindi matuloy yung sherrif sale. Pagkatapos ng sheriff sale, may redemption period pa po na pwede niyong mabayaran lahat para hindi na matutuloy yung foreclosure. Good luck po.

      Reply
  12. sir good evening
    may housing loan ako before na cancelled
    tas nag apply po ako ng bago kaso di maaproved dahil sa previous housing loan
    ano pwede gawin

    Reply
  13. Good day!
    Sir nakapagpareserved na po kami sa pag ibig ng balak
    naming kuning bahay (aquired asset) at sa ngayon po ay for submission na
    kami ng requirements..

    Ask ko lang po,after po namin magpasa ng
    lahat ng requirements,gaano po b katagal bago malaman kung approved kami
    o hindi?At anu ano po ang posibble reason para madisapproved kami sa
    kinukuha naming bahay?

    Two more questions Sir, if ever po na maaproved kami possible po ba na makalipat kami agad?

    At
    ung 3months payment pong sinasabi, pwede po ba namin itong bayaran ng
    isahang bigay para sa ganun ay agad agad makalipat kami??

    Umaasa po ako sa iyong sagot sa aking mga katanungan..

    Maraming Maraming Salamat po..

    Reply
  14. Sir magandang araw po. Sir kumuha kame ng bahay po tapos naghuhulog na kame ng monthly amortization niya and kaso nagkaproblema sa trabaho ng asawa ko kaya napilitan lumipat ng company and yung developer po nung kinuhanan namin ng bahay ay pinasa na sa pag ibig para maprocess yung loan kaso sabi sa asawa ko ng developer eh hindi nadaw pwedeng makapag loan or maaproved yung loan namin sa pag ibig kasi may pinadala daw sa kanila na findings ang pag ibig na hindi nadaw pwedeng mag loan through pag ibig. Pero employed na po ulit yung asawa ko ngayon. Advise lang po sir thank you

    Reply
  15. Good day po ask lang po ako binigyan po ang mrs ko ng cancellation of ctc daw last na march 30 .ang sabi po dapat daw bayaran lahat ..may programa bah na poyde ko payble 6 months salamat po davao po area ko

    Reply
  16. Good morning sir… need advice lang po if kung ano gagawin. Mdyo late kc yung mga pgbayad nmn s bahay. Example po ung bayaran nmn is kada 11 ng buwan pero nbbyran ko n po mga 3 ng sunod n buwan gawa po ng nagkakaproblema dn. Bale last december 2016 po nag start yung ganitong praan nmn ng pgbyad. Tas po ngchat sakn ung asawa ko kc seaman po my nrcv syang email na subject for termination of contract due to unpaid balance history.. na gamt n dn nmn po kc ung 3 months n tinatwag nila… ano po ba mabuting gawn at kng sakali po b pwd ko kaya bayaran ng hnd buo ung balance? Kc po walang abiso dto s bahay sa mister ko na natanggap. Sir i need help po please reply po. Salamat po.

    Reply
  17. Sir gud day ask ko lang po ilang beses pwede maka avail ng restructuring?… Nakapag restructure na po kami dati.. At ngayon medyo malaki na po ulit arrears namin salamat po

    Reply
  18. Sir, mag 3months na kami di nakabayad sa august 28 yung pang 3 months pero sa august 31 mababayaran din namin sana agad agad po ba yung maforclosed?

    Reply
      • Sir as ko lng po kung i stop ko nlng pag ibig ko. Pangit ng rules ng developer i… di mn lng mka renovatecsa labas. Ayaw kuna mag houding loan sir.. ano gagawin ko.

        Reply
  19. Good morning Sir Jay. Yong bahay po ng aking beyanan eh may utang na lang na 150thousand pesos pero yang balance na yan eh napabayaan ng almost 10 years walang bayad. And this year namatay po sya. Sir Jay willing naman pong bayaran kaso sa duration na 10 years nagkakasakit yong beyanan ko na yong gastos nya monthly is more than sa monthly amortization ng bahay. Ano po ang dapat gawin? Please help po.

    Reply
  20. Good morning sir jay,ngpurchase po ako ng house and lot wala pa po akong mga dokumento noon kya ginamit ko pangalan Uncle ko kc sya lng meron,morethan 2year’s na akong nagbayad ng inhouse sa pangalan ko po at pirma ang checke,pwede ko po bang ipalipat ngayon sa pangalan ko ang ownership habang patuloy kung binabayaran?kc disapprove po ang tugon ng developer.wala po ba akong krapatan kahit may katibayan akong nagbayad at testimony ng unckle ko na nakiusap na malipat na sa pangalan ko?

    Reply
    • Medyo complikado po sitwasyon niyo, mabuti na lang po hindi nila sinabing falsification of public documents ang nangyari. Suggestion ko po-i-assign na lang ng uncle niyo sa inyo, pero siyempre may additional na gastos yon, pero at least, legal po.

      Reply
  21. Hi! I have a situation here. I am currently renting a condo unit in QC, I just moved in May of this year. I transact with an agent who is authorized by the unit owner. The lessor/unit owner recently came to see me and told me that the unit we are renting is actually a foreclosed property and she advised me to vacate the unit in a matter of 2 weeks. According to her, UCPB Makati is now the owner of the unit, and is demanding us, the tenants, to vacate the unit. We are given 2 weeks only. She however did not show me any legal or bank documents or notices regarding the foreclosure and eviction if there are tenants residing. She also told me along with the agent we transact with, that the bank would not allow us to have direct transaction with UCPB as they already made appeals of the possibility of the bank leasing the unit directly to us.

    also, we have a binding contract between the owner and us, tenants. It is good for 6 months, which means we can still stay in the unit until November.

    please enlighten me on what we need to do. thanks so much.

    Reply
    • Hi Dar, I’m sorry to hear your situation. My suggestion would be to ignore what they said that UCPB will not allow you to have a direct transaction with them. Just go to UCPB directly to know the truth, and then you can evaluate what you can do next.

      Reply
  22. gudmorning sir Jay. we received the letter foreclosure, yung house po na acquire namin ay gusto po tlg namin. nagkaproblema lang po tlg regarding finances. possible po ba option na ipasok ang arrears namin sa MPL ng pagibig. para macontinue namin yung monthly amortization .

    maraming salamat po

    Reply
    • Hi Dhandee, sana po magawan pa ng paraan yung sitwasyon niyo. Suggestion ko po dumiretso na kayo sa kanila para malaman kung pwede nga na maipasok sa MPL, or baka may iba pang paraan para ma re-structure yung loan niyo.

      Reply
  23. Hi Mr. Castillo,

    Yung katabi naming bahay pinuntahan ng taga PAGIBIG kaninang umaga to serve a foreclosure letter. We thought of buying the property kasi nasa kanan lang naman ang nasabing property. I’ve set a discussion with the siblings regarding this matter. Please advise us on what to do. Thanks in advance.

    Reply
    • Hi Jacq, kung ako po, kakausapin ko muna yung nakatira. Kung yung nakatira po ay yung may-ari, maganda po na magawan ng paraan para pati sila ay may makuha din. Pag naforeclose po kasi ng Pag-IBIG, walang kasiguruhan kung kanino mabebenta yung property. Pwedeng sa kanila niyo na lang bilhin, para una na kayo, at hindi na dumaan sa foreclosure (hindi na kailangang ma-foreclose ng Pag-IBIG).Win-win po sa lahat.

      Reply
      • Sir jay what if po nakaforeclosed na ang property at nasa listing na ng pag-ibig pero binebenta pa din ng dating may-ari, possible po ba ito? May nakita kasi akong property sa pag-ibig pero nung binisita ko ung bahay may nakatira pa at binebenta nila ang bahay.

        Reply
  24. Hi Sir Jay,

    Mgtatanong po sana ako kun paano po dapat gawin ko sa bahay nmin n naforclosed ng Pag ibig this june29, 2016. Nataon po kc n pinaupahan po un bhay ko nun katiwala ko dun at nun ngpunta po un tiga pag ibig dun e tinanong po un nangungupahan po sa bahay ko na kun sino daw po un may ari nun bahay..at cno daw po un nkapangalan sa mga bills sa bahay. Actually po e nabili lng po nmin un sa dating may ari nun bahay n yon. At complete nmn po un mga documents nmin sa pgkkabili nun sa knya. Hanggang sa kmi n din po un ngpatuloy ng pghuhulog nito sa Pag ibig. E sumagot po un umuupa sa bahay n di nia po kilala un nklgay sa meralco bills at sa bp waterworks n billing statements kya po nilagay n lng nun taga Pag ibig un pangalan nia po at pinriority po sya sa invitation to purchased nun bahay ko. Sir wala po kming natatanggap n demand letter n galing ng Pag ibig. Nagkaron lng po tlga kmi ng financial problems kya po d nmin nahuhulugan yun bahay pero po 130k n lng po yun kulang nun. At ngaun po e 267k n po nun tinignan nmin sa Pag ibig. Willing nmn po kmi hulugan yun. Kaso lng po e d n po kmi inacknowledge ng pag ibig. Kundi yun umuupa n po sa amin. Pero ngkaron po kmi ng amicable settlement nun umuupa smin n ako lahat gagastos sa pagreservation at pagpaprocess muli nun bahay ko. Kaso lng po e mukhang ngkkainterest n po ngaun un umuupa smin. Sir ano po ba pwede kong gawin. Salamat po ng marami.

    Reply
    • Hi Ms. Janet,

      Nakupo, suggestion ko po dumiretso na kayo sa Pag-IBIG para mahabol pa at ma-explain niyo po ng mas maayos yung sitwasyon. Kung totoong pumapayag yung umuupa sa inyong amicable settlement, isama niyo na din po sila sa Pag-IBIG para malinaw na kayo na ang dapat nilang i-recognize.

      Reply
  25. Hi Sir Jay,

    I havent paid my pag-ibig housing amort for 4 mos already. My husband is sick and currently unemployed. I received my 1st demand letter from a law office. Would like to know how can I avoid forclosure? can you refer a broker?

    Reply
    • Hi Ms Abigail,

      Sorry to hear you situation, I hope and pray your husband will have a full recovery very soon.

      My suggestion, please contact Pag-IBIG directly and let them know your situation, there’s no harm in trying, you’re just being honest and they should appreciate it and work with you for a win-win solution.

      As to referring a real estate broker, my suggestion is to look for one from real estate associations like REBAP, PAREB, etc.

      Here are links to their respective websites (look for brokers in your location in their directory)

      REBAP – http://www.rebap.com.ph/
      PAREB – http://pareb.org.ph/

      Reply
  26. Sir gud pm ask ko lang po if pwede po kayang iapply sa pag-ibig haousing loan yung mga acquired asset ng SSS, papaano po kayang iapply if sakaling pwede? salamat po!

    Reply
    • Hi Ms. Elma, natanong ko na po ito sa Pag-IBIG before, ang sabi po nila, basta in good standing at willing yung kabila to provide the requirements for the Pag-IBIG loan, pwede naman po. Paki check na lang po directly sa Pag-IBIG for more details. Salamat po!

      Reply
  27. Sir kapag bumili po ba ako ng acquired asset ng PAG-IBIG, ako rin po ba magbabayad ng unpaid real property tax kung meron? Thanks po!

    Reply
    • Hi William, sorry hindi ko napansin sa guidelines nila yung tungkol sa unpaid na RPT. Kung i-kumpara natin sa mga banks, ang banko ang nagbabayad kadalasan. Bago ka bumili sa Pag-IBIG, siguraduhin mo muna kung sino nga ang magbabayad ng unpaid na real property taxes para hindi ka mabigla.

      Reply
      • Sige po, kumpirmahin ko sa PAG-IBIG. At saka puwede po ba magtanong sa City Treasurer’s Office kung may unpaid RPT ang isang property?

        Thanks po Sir Jay!!!

        Reply
        • Ok William, balitaan mo rin kami, salamat!

          Oo, mabuti pa nga itanong mo na sa City/Municipal Treasurer’s office para sure. Malamang papuntahin ka nila sa tax mapping section para malaman yung tax dec number based sa address, tapos makakakuha ka na ng Statement Of Account.

          Reply
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