Question 1

1. How to avail Pag-IBIG acquired assets? How to buy via auction/ negotiated sale?

Accepted Answer

You can refer to the video and text summaries above. You can also read the bidding guidelines/invitation to bid for more detailed information, please download a copy from the table above and go through the instructions for bidders.

Note: Each schedule/listing of properties for auction/negotiated sale will have its own guidelines/invitation to bid, which also contains the list of properties for sale.

Question 2

2. Can I get Pag-IBIG financing for Pag-IBIG foreclosed properties/acquired assets?

Accepted Answer

As a general rule, you can finance the purchase of Pag-IBIG foreclosed properties/acquired assets through a Pag-IBIG loan. This applies to buying via public auction and negotiated sale. Details are included within the guidelines for each tranche/publication batch. If you have questions, contact Pag-IBIG directly through the contact details specified in each of the listings above.

Question 3

3. Where/how can I find a Pag-IBIG foreclosed property that is not on any current list/schedule?

Accepted Answer

It might be included in an upcoming schedule/listing. It's also possible that it is not yet for sale (Ex. The property needs to be appraised, the redemption period has not yet lapsed, etc). It is also possible that it is already sold. Please call Pag-IBIG directly to inquire. I highly suggest that you call the designated contact person(s) in other listings/schedules for the same location of the property/ies you are interested in.

Question 4

4. Can you help us find a Pag-IBIG foreclosed property within my preferred location/city/village/budget, etc?

Accepted Answer

We can no longer give assistance as brokers because Pag-IBIG no longer allows brokers/agents to sell their properties effective September 30, 2019.

However, I created a tool so you can find properties easily and "Do It Yourself".

You can search our foreclosed properties database where you can quickly find properties in your preferred location (search for the city, subdivision, village, condo name, etc). You can even filter to only include properties withing your target price-range/budget, and also exclude properties that have illegal occupants as indicated in the listings from Pag-IBIG.

Question 5

5. What does it mean if a Pag-IBIG acquired asset is "OCCUPIED"?

Accepted Answer

An "Occupied" status/remark means the foreclosed property has illegal occupants, and the buyer will have to eject the occupants. We also received feedback that some properties that are listed as unoccupied can turn out to be occupied. Here are additional info for your reference:

Bad things can happen if you buy properties with illegal occupants. Don't believe me? Watch this video to see what can happen: Why we don't recommend buying foreclosed properties that are occupied (even if they are cheap)

How to avoid foreclosed properties that are tagged as "occupied" - This is now easy with our "Foreclosed Properties Database". Here's a step-by-step on how to do this: How To Exclude Occupied Foreclosed Properties When Searching Our Foreclosed Real Estate Database

If you find out that a property is occupied, my advice is to forget about that property and move-on to other available properties that are not occupied.

Question 6

6. Who do I contact to inquire for Pag-IBIG foreclosed properties?

Accepted Answer

Please contact Pag-IBIG directly through their designated contact person(s) for each schedule/listing of properties for public auction/negotiated sale. The contact person(s)/contact details can be found inside the listing/bidding guidelines above

Question 7

7. Can I buy Pag-IBIG foreclosed properties that were not sold during a previously scheduled public auction/negotiated sale?

Accepted Answer

Yes you may, but you have to check if a property is really still available and was not sold during a previous schedule (you have to contact Pag-IBIG directly to check). To give you an idea, here's what can happen to properties that are not sold (This is based on Pag-IBIG circular 428):

If a property is not sold sold during the 1st auction, it will be included in a 2nd auction (you have to check each new schedule/listing to see if your target property is included).
If a property is not sold during the 2nd auction, it will be included in another schedule/list of properties under negotiated sale.
If a property is not sold under a schedule/listing via negotiated sale, it will be included in another schedule/listing of properties under negotiated sale. They repeat this until it a property gets sold.

Question 8

8. Can I sell Pag-IBIG foreclosed properties as a real estate broker/sales person?

Accepted Answer

No, Pag-IBIG no longer allows accredited licensed real estate brokers to sell their foreclosed properties as announced on their official website last September 30, 2019.

Question 9

9. Can you please check if a Pag-IBIG foreclosed property from an old list/schedule is still available?

Accepted Answer

Only Pag-IBIG has information if a property is still available and was not sold in previous listings/schedules of auctions and negotiated sale. Please contact Pag-IBIG directly to check if a property from an old listing/schedule is still available. I highly suggest that you call the designated contact person as indicated in the old schedule/listing.

Question 10

10. What are the requirements to buy Pag-IBIG foreclosed properties?

Accepted Answer

To get a complete list of requirements, please refer to the guidelines which you can download above (those in red buttons).

Question 11

11. We live in a property that is now a Pag-IBIG acquired asset/foreclosed property, can we buy it/apply for it?

Accepted Answer

Pag-IBIG can give occupants of their acquired assets a chance to purchase the property. They call this a "Direct Purchase". Here are the details as quoted from Pag-IBIG circular 428:

"IV. DIRECT PURCHASE FOR OCCUPIED UNITS

1. Direct Purchase shall refer to the purchase of the acquired assets by the present occupant.

2. The Fund shall issue an Invitation to Purchase (ITP) to the present occupant offering him/her the option to purchase outright the acquired asset or to lease the property with option to purchase later.

3. The present occupant shall submit an Offer to Purchase (OTP) indicating his chosen mode of payment, and pay the non-refundable reservation fee. Said reservation fee shall be forfeited in favor of the Fund in case the buyer did not pursue the sale transaction, or his application is denied for reasons attributable to him. The OTP shall be valid for a period of thirty (30) calendar days.

4. The selling price of the subject acquired asset shall be based on its latest appraised value.

5. No discount shall be granted under direct purchase.

6. Once an offer has been made, the buyer must comply with the terms and conditions of the chosen mode of payment under Item VI.1 of this Guidelines within the prescribed period from payment of the reservation fee.

7. If the occupant fails to submit an OTP within the prescribed period from receipt of the Invitation to Purchase, Pag-lBIG Fund may initiate the eviction proceedings."

Link to Pag-IBIG Circular No. 428 - Omnibus Guidelines on the Sale of Pag-IBIG Fund Real and Other Properties Acquired: https://www.pagibigfund.gov.ph/document/pdf/circulars/housing/Circular%20No.%20428%20-%20Omnibus%20Guidelines%20on%20the%20Sale%20of%20Pag-IBIG%20Fund%20Real%20and%20Other%20Properties%20Acquired.pdf

Question 12

12. What does it mean if Pag-IBIG acquired asset's title is "FOR CONSOLIDATION"?

Accepted Answer

When a Pag-IBIG foreclosed property's title (TCT/CCT) is "FOR CONSOLIDATION", it means it is still under the name of the former owner/original borrower and Pag-IBIG has not yet finished the transfer of the title to them. The process of transferring the title of a foreclosed property/acquired asset to Pag-IBIG is called "CONSOLIDATION" and it can take a long time depending on the completeness of the documents required for the transfer of the title.

Question 13

13. What is the difference between Pag-IBIG ACQUIRED ASSETS and FORECLOSED PROPERTIES?

Accepted Answer

PAG-IBIG ACQUIRED ASSETS and FORECLOSED PROPERTIES are the same. These properties are also referred to as ROPA (Real and Other Properties Acquired).

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