895 Pag-IBIG foreclosed properties for auction in September 2019

Last Updated on by Jay Castillo | Filed under: - 431 Comments

A total of 895 Pag-IBIG foreclosed properties are scheduled for sale via 6 auctions this September 2019. There is 1 auction that has discounted minimum bid prices. Details below.


Note: This is the 1st update for September 2019. If we find additional auction schedules and listings, they will be added here.

How to avail or participate in the auctions of Pag-IBIG acquired assets

This is just a summary of how to avail/participate in a public auction conducted by Pag-IBIG:

  1. View/download the list of properties included in the auction and see if it contains properties you are interested in.
  2. Do your due diligence. When you find a property that you are interested in, you need to do a reasonable amount of due diligence (property inspection to see extent of repairs needed, check if there are any illegal occupants, checking the titles/tax declarations for any problems, etc.). Always keep in mind that foreclosed properties are for sale on an “As-is, where-is” basis.
  3. Secure forms so you can participate in the auction. If a property passes your due diligence, and you want to participate in the auction, you need to secure related forms from Pag-IBIG. You will submit these during the auction. (refer to the guidelines for exact forms, and where to secure them)
  4. On the day of the auction:
    1. Register for the auction/bidding by approaching the technical working group at the auction venue, and follow their instructions/submit all requirements.
    2. Submit sealed bid/proposal that will include the “BID DER’S BOND either in CASH or MANAGER’S CHECK issued by any commercial bank, in Philippine Currency, payable to Pag-IBIG Fund for an amount equivalent to 10% of the BID PRICE. It shall likewise serve as the down payment of the winning bidder”. Please refer to bidding guidelines for more details.
    3. Opening of sealed bids shall immediately follow the deadline of the submission of bids.
    4. The winning bidder shall be declared – “The bidder who offers the highest bid shall be declared as the winner”. Winning bidders shall proceed with instructions as stated in the guidelines/instructions for bidders.
    5. Bidder’s bond shall be returned to non-winning bidders. As per guidelines: “respective bid bonds shall be returned to them immediately together with an Acknowledgment Receipt once a winning bidder has been declared“.

Reminder: What you see above is just a quick summary. The exact step-by-step instructions are inside the guidelines as released by Pag-IBIG for each auction, which are included when you download the list of properties included in an auction.

Pag-IBIG foreclosed properties and auction schedules

Please refer to the complete list of foreclosed properties and auction schedules below. You can search through our classifieds database and/or download the listings in PDF format.

View list of ALL Pag-IBIG foreclosed properties scheduled for auction (database)

Click to view ALL Pag-IBIG Foreclosed Properties

For the month of September 2019

These are the auction listings I have found so far as of September 2, 2019:

Auction date and Location of foreclosed properties includedAuction Details/ List of properties/ Invitation to bid with guidelines (includes contact info)# of foreclosed properties for auction
Total scheduled for auction in September 2019:

[Last Updated on September 2, 2019]
895

September 5, 2019 - Foreclosed properties in Cebu Province (No Discount)

Time and venue:

  • Time (submission of bids): 10:00am to 12:00nn

  • Venue: 5th Floor, Audio Visual Room, Pag-lBIG FUND WT Corporate Tower, Mindanao Avenue, Cebu Business Park. Cebu City



or


72

September 6, 2019 - Foreclosed properties in Cebu Province (No Discount)

Time and venue:

  • Time (submission of bids): 10:00am to 12:00nn

  • Venue: 5th Floor, Audio Visual Room, Pag-lBIG FUND WT Corporate Tower, Mindanao Avenue, Cebu Business Park. Cebu City



or


153

September 6, 2019 - Foreclosed properties in Davao (No Discount)

Time and venue:

  • Time (submission of bids): 9:30am to 10:00am

  • Venue: 3RD FLOOR, HDMF TRAINING ROOM, PRYCE TOWER CONDO, BAJADA, DAVAO CITY.

    NOTE: A PRE-BID CONFERENCE will be conducted on the same date at 8:30 AM



or

119

September 12, 2019 - Foreclosed properties in Cagayan, Isabela, Nueva Vizcaya, Quirino (No Discount)

Time and venue:

  • Time (submission of bids): 8:00am to 12:00nn

  • Venue: 3rd Floor, Conference  Room, Editha Tuddao Building, Balzain Highway, Tuguegarao  City, Cagayan



or

39

September 18, 2019 - Foreclosed properties in Cavite (No Discount)

Time and venue:

  • Time (submission of bids): 9:00am to 12:00nn

  • Venue: Roof deck JELP Business Solution Center, No. 409 Shaw Boulevard, Bgy. Addition Hills, Mandaluyong City



or

104

September 19, 2019 - Foreclosed properties in Bulacan, Laguna, Rizal, Metro Manila (No Discount)

Time and venue:

  • Time (submission of bids): 9:00am to 12:00nn

  • Venue: Roof deck JELP Business Solution Center, No. 409 Shaw Boulevard, Bgy. Addition Hills, Mandaluyong City



or

109

September 26, 2019 - Foreclosed properties in Cavite, Bulacan, Laguna, Rizal, Metro Manila (With Discount)

Time and venue:

  • Time (submission of bids): 9:00am to 12:00nn

  • Venue: Roof deck JELP Business Solution Center, No. 409 Shaw Boulevard, Bgy. Addition Hills, Mandaluyong City



or

299

Note: You will need Adobe Acrobat Reader to view PDF files, which is free to download at Adobe.com

The source of this compilation of listings is Pag-IBIG’s official website1

Search all foreclosed properties

Step-by-step instructions:

  1. Search by typing keywords (ex. Your preferred subdivision, village, condo, etc) and/or location(s) and click “Search”
  2. Use “Advanced Search” to choose preferred price range, lot/floor areas (if data is available), and also to exclude those classified as occupied.

Browse all locations with foreclosed properties by Province/City

Alternately, you can also browse all existing properties available from all banks/lending institutions, grouped by Province/City, on this page:

Click to browse all foreclosed property locations

Note: The “Classifieds Database” is a work in progress. If you have comments/suggestions, please do let me know by leaving a comment below.

 


Past auctions of Pag-IBIG foreclosed properties (Archive)

Here’s an archive of past auction listings. We often refer to past auctions to see when a particular foreclosed property was first listed, and if there were any changes in pricing later on. This is like a record/history of past auctions for easy reference.

Click below to expand/show all archived listings:

Archived listings of past auctions starting February 2018

Pag-IBIG foreclosed properties/acquired assets for negotiated sale

In addition to foreclosed properties for public auction, they also maintain a list of Pag-IBIG foreclosed properties for negotiated sale2. It is also possible that this list includes properties from previous auctions that remain unsold.

Pag-IBIG foreclosed properties for negotiated sale

You can search Pag-IBIG’s list of foreclosed properties for negotiated sale through the following link: http://www.pagibigfund.gov.ph/aa/search.aspx


Important reminders for bidders

1. All Pag-IBIG foreclosed properties are all for sale on an “as-is, where-is” basis.

2. A big number of properties on the listings are occupied. We do not recommend buying occupied properties3, even if they can be heavily discounted.

Recommended reading regarding occupied properties:

I wrote an article that explains this in greater detail, which also includes a video footage of what can happen if you decide to by an occupied property: 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 “Classifieds Database”. Here’s a step-by-step I wrote on how to do this: How To Exclude Occupied Foreclosed Properties When Searching Our Foreclosed Real Estate Database

3. A bid bond equivalent to 10% of your bid is required when submitting sealed bids. Please refer to the list of properties / bidding guidelines for complete instructions.

4. Bidders should have already done proper due diligence prior to submitting sealed bids. To guide you with your due diligence, you may refer to our article “31 Questions you need to ask when inquiring about foreclosed properties

5. “Brokers and Agents are NOT ALLOWED to accept or collect any payments relative to the reservation or down payment for the purchase of acquired assets.4This reminder is intended for buyers who plan to buy through real estate brokers. In addition, make sure you are only dealing with licensed real estate brokers duly authorized by Pag-IBIG to sell their foreclosed properties/acquired assets. Refer to list below.

List of real estate brokers authorized to sell Pag-IBIG foreclosed properties

If you need assistance from real estate brokers that are duly accredited with Pag-IBIG, you may refer to Pag-IBIG’s list of brokers below for NCR, and Calamba housing hub.

Reminder: Please contact Pag-IBIG or their accredited brokers directly because we have stopped brokering foreclosed properties

I am sharing these as a resource for help. I am NOT connected in any way, and I shall NOT earn any commission/referral fee, if you acquire any property through any of those on the lists below.

List of Active Accredited Licensed Brokers and Agents for Pag-IBIG acquired assets/foreclosed properties For NCR Branch (as of January 24, 2019)
List of Active Accredited Licensed Brokers and Agents for Pag-IBIG acquired assets/foreclosed properties For NCR Branch (as of January 24, 2019)

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List of Active Accredited Licensed Brokers and Agents for Pag-IBIG foreclosed properties/acquired assets for Calamba Housing Hub (as of June 2018)
List of Active Accredited Licensed Brokers and Agents for Pag-IBIG foreclosed properties/acquired assets for Calamba Housing Hub (as of June 2018)

{Source}


Frequently Asked Questions (FAQ)

I'm new to this, it will be my first time to buy, how can I participate/avail properties in the auction?

Click here to view a summary. You can also refer to 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 auction will have its own bidding guidelines/invitation to bid, which also contains the list of properties.

Can I get Pag-IBIG financing for their foreclosed properties?

The obvious answer is “Yes”, you can purchase the foreclosed properties through a Pag-IBIG loan. Again, please refer to the Invitation to Bid to get the complete details, or contact Pag-IBIG directly.

For more details, please contact Pag-IBIG directly through the contact details specified in each of the listings above. You may also download the official forms directly from Pag-IBIG’s website.

Where can I find a Pag-IBIG foreclosed property that is not on any auction list?

It might be included in the list of Pag-IBIG acquired assets for negotiated sale. You can search Pag-IBIG’s website through the following link: http://www.pagibigfund.gov.ph/aa/search.aspx

Can you help us find a Pag-IBIG foreclosed property?

Sorry, we have currently stopped brokering foreclosed properties and we no longer assist people looking for properties. We will still share the listings as a form of public service as a lot of subscribers and visitors ask for the updated listings.

What does it mean when a property is listed as OCCUPIED?

It means a 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.

If you find out that a property is occupied, my advice is to forget about that property and move-on to another.

Who do I contact to inquire?

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

Can I still buy properties that were not sold during the bidding?

Usually, properties that remain unsold during the auction is included in the the list of Pag-IBIG acquired assets for negotiated sale. You may search for a property on this page: http://www.pagibigfund.gov.ph/AA/search.aspx

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

Pag-IBIG has accredited licensed real estate brokers that are authorized to sell their foreclosed properties (click here to see current list of accredited brokers). Please contact Pag-IBIG directly to check if they are currently accepting applications for accreditation, what are the requirements, what are their rates for commission/professional fees, etc.

Got more questions? Please read:

  1. If you have more questions with regard to the buying process, please read the bidding guidelines first. Most questions already have answers in the files because they have instructions, forms for bidders, and contact details of Pag-IBIG. You may download the list of properties / bidding guidelines, per auction, in the table above.
  2. If you want to inquire, please contact Pag-IBIG directly as this helps ensure that you get the details you want faster, Pag-IBIG contact info are included in the bidding guidelines of each auction. Alternately, you may get the assistance from one of Pag-IBIG’s accredited and licensed real estate brokers, which are also listed above.

Pag-IBIG contact details

If you are interested in any  of the Pag-IBIG foreclosed properties in the listings above, please contact Pag-IBIG DIRECTLY! You should first contact the person-in-charge as listed above, and as written in the bidding guidelines.

You may also contact Pag-IBIG directly through their official contact details as posted on their website:

Full disclosure: Nothing to disclose. We are not accredited real estate brokers of Pag-IBIG. We are posting this as a form of public service because a lot of you have been asking for updated listings of foreclosed properties from Pag-IBIG.

References


  1. Pag-IBIG official website. Pag-IBIG Fund. As retrieved on September 2, 2019 []
  2. Pag-IBIG acquired assets under negotiated sale. Pag-IBIG Fund. Last retrieved February 28, 2018 []
  3. Jay Castillo. Why we don’t recommend buying foreclosed properties that are occupied (even if they are cheap). ForeclosurePhilippines.com. Last retrieved on February 16, 2018 []
  4. Pag-IBIG official website. Pag-IBIG Fund. As retrieved on May 4, 2018 []


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