(4th Update) 3,299 Pag-IBIG Foreclosed Properties for sale in April 2021; NCR/Calamba schedules suspended due to MECQ

Last Updated on April 15, 2021 by Jay Castillo | Filed under: - 602 Comments



April 12, 2021 – A total of 3,299 Pag-IBIG foreclosed properties are scheduled for public auction/negotiated sale this April 2021 (4th update). However, some schedules for acceptance of bids/purchase offers have been suspended until further notice due the MECQ in NCR and Laguna. Details can be found below.

4th update details:

  • Bulk sale under NCR branch added but suspended until further notice due to MECQ.
  • Due to MECQ implementation, acceptance of bid/purchase offers are suspended until further notice for NCR Sealed Public Auction Tranches 173 and 154, NCR Negotiated Sale Batches 15070  and 15071, and all schedules suspended previously.
  • Foreclosed properties under negotiated in ILOCOS NORTE, ILOCOS SUR, LA UNION, BENGUET, and PANGASINAN AREAS are scheduled for sale by Pag-IBIG La Union Branch, bringing the total to 3,299 Pag-IBIG properties for sale this April 2021.
  • Change in schedule in opening of bids for public auction of Cebu foreclosed properties.

Click for previous updates

3rd update details:

  • 1,479 foreclosed properties were added in several schedules/listings for public auction/negotiated sale, bringing the total to 3,148 properties this April 2021. However, submission of offers/bids for some listings/schedules were suspended, see below.
  • Pag-IBIG suspends submission of bid offers for NCR Sealed Public Auction Tranche 173 due to ECQ extension in NCR.
  • Pag-IBIG suspends submission of purchase offers for NCR Negotiated Sale Batch 15070 due to ECQ extension in NCR.
  • Pag-IBIG suspends submission of purchase offers for Calamba Negotiated Sale Batches 47027 and 47028 ECQ extension in NCR.

2nd update details:

  • Pag-IBIG adds several schedules for public auction/negotiated sale for 457 foreclosed properties in provincial areas. We now have a total of 1,669 foreclosed properties for sale in April 2021.

1st update details:

  • A total of 1,212 foreclosed properties are scheduled for public auction/negotiated sale this April 2021 in this 1st update.
  • 2 listings under the NCR branch originally scheduled for March 2021 have been moved to April as announced in Pag-IBIG’s website. The announcements say this is in compliance to new IATF guidelines. I checked and found a copy of the new IATF guidelines at the Official Gazette website.
  • In related news, Pag-IBIG also mentioned on their website that inquiries at their NCR branch with regard to acquired assets will only be through submissions via a dropbox at the 2nd floor, 409 JELP Business Solutions, Shaw Boulevard, Brgy. Addition Hills, Mandaluyong City. In my opinion, this makes it pointless to make a personal visit for inquiries… just call Pag-IBIG to inquire, it is much faster and safer!
  • There are also a few schedules for March 2021 where acceptance of bids/offers is still ongoing. The final number of properties available for sale in March 2021 is 5,447 (these will be deleted when March 2021 is over).

Table of Contents


Important reminders

Pag-IBIG suspends submission of bid/purchase offers due to MECQ

The submission of bid offers for NCR Sealed Public Auction Tranchse 173 and 154 are suspended until further notice due to the MECQ in NCR Plus. See copies of announcements below:

NCR_Tranche173_040521(ND)-ANN

NCR_Tranche154_041221(ANN)

{sources: Tranche 173, Tranche 154}

The submission of purchase offers for NCR Negotiated Sale Batches 15070, 15071, and BULK SALE (April 12-16, 2021) are suspended until further notice due to the MECQ in NCR Plus. See copies of announcements below:

NCR_NegoSale_Batch_15070_041221-ANN

NCR_NegoSale_Batch_15071_041221-ANN

NCR_NegoSale_BulkSale_041221-ANN_compressed

{sources: Batch 15070, Batch 15071, BULK SALE}

The submission of bids/purchase offers for Calamba Negotiated Sale Batches 47027 and 47028 and Tranche 20 are suspended until further notice due to the MECQ in NCR Plus. See copies of announcements below:

CALAMBA_NegoSale_Batch_47027-47028_041321-ANN

CALAMBA_Tranche20_041221(WD)-ANN

{sources: Batches 47027 and 47028, Tranche 20}

We do not recommend buying occupied properties!!!

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 “Classifieds 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

View Pag-IBIG Properties for April 2021 in searchable database

For easy searching/filtering, you may view the list of Pag-ibig acquired assets/foreclosed properties inside our database. (Blurred listings were not included). Deletion of listings for March 2021 is ongoing. The links below will show all listings for April 2021.

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

 

==> Click here to EXCLUDE OCCUPIED PROPERTIES


Pag-IBIG Acquired Assets for Public Auction (Schedules/Property Locations)

(Swipe left/right to view entire table if using a mobile phone)

April 2021

Period of acceptance of BID OFFERS / Property locationsBranch/Tranche #List of properties / detailsTotal # of properties

APR 28, 2021 / DAVAO CITY, DAVAO DEL SUR, DAVAO DEL NORTE, DAVAO DE ORO, SOCSARGEN

DAVAO HOUSING HUB - 1st (without discount) and 2nd Public Auction(with discount)This list was not uploaded to the database due to blurred text. Refer to PDF file below to view list of properties.

43

APR 26-30, 2021 / CEBU PROPERTIES


(CHANGE IN SCHEDULE OF OPENING OF BIDS - CLICK TO VIEW ANNOUNCEMENT)
CEBU HOUSING HUB - SPB 60th Tranche (1st Auction - No Discount)Uploading to database is ongoing. In the meantime, you can view the list inside the guidelines below.

35

APR 21, 2021 / DAVAO CITY, DAVAO DEL SUR, DAVAO DEL NORTE, DAVAO DE ORO, SOCSARGEN

DAVAO HOUSING HUB - 1st (without discount) and 2nd Public Auction(with discount)This list was not uploaded to the database due to blurred text. Refer to PDF file below to view list of properties.

32 (12 properties removed - see erratum for details)
Erratum: FOR EXCLUSION

APR 19-23, 2021 / ALBAY, SORSOGON, CATANDUANES, CAMARINES SUR, CAMARINES NORTE

NAGA HBC - SPB 2nd Tranche (2nd Auction - with discount )This list was not uploaded to the database due to blurred text. Refer to PDF file below to view list of properties.

40

APR 19-23, 2021 / CEBU PROPERTIES


(CHANGE IN SCHEDULE OF OPENING OF BIDS - CLICK TO VIEW ANNOUNCEMENT)
CEBU HOUSING HUB - SPB 59th Tranche (1st Auction - No Discount)Uploading to database is ongoing. In the meantime, you can view the list inside the guidelines below.

35

APR 12-16, 2021 / Agusan Del Norte

CAGAYAN DE ORO HBC - 1st Auction - No discountUploading to database is ongoing. In the meantime, you can view the list inside the guidelines below.

11

APR 12 - 16, 2021 (suspended - see announcement) / Batangas, Bulacan, Cavite, Laguna, Rizal and Metro Manila



(SUSPENDED UNTIL FURTHER NOTICE - CLICK TO VIEW ANNOUNCEMENT)
NCR BRANCH - SPB 154th Tranche (2nd Auction - With discount )
==> CLICK TO EXCLUDE OCCUPIED PROPERTIES

500

APR 12-16, 2021 (Suspended - see announcement) / BATANGAS, CAVITE, LAGUNA, MINDORO, PALAWAN, QUEZON PROVINCE


(SUSPENDED UNTIL FURTHER NOTICE - CLICK TO VIEW ANNOUNCEMENT)
20th Tranche Calamba Branch (2nd Bidding - with discount)
==> CLICK TO EXCLUDE OCCUPIED PROPERTIES

145

APR 12-16, 2021 / ALBAY, CAMARINES SUR, CAMARINES NORTE, SORSOGON, CATANDUANES

NAGA HBC - SPB 4th Tranche (2nd Auction - with discount )
==> CLICK TO EXCLUDE OCCUPIED PROPERTIES

13

APR 05 - 08, 2021 (suspended - see announcement) / Batangas, Bulacan, Cavite, Laguna, Rizal and Metro Manila


(SUSPENDED UNTIL FURTHER NOTICE - CLICK TO VIEW ANNOUNCEMENT)
NCR BRANCH - SPB 173rd Tranche (1st Auction - no discount )
==> CLICK TO EXCLUDE OCCUPIED PROPERTIES

500 (1 property removed - see erratum for details)
Erratum: FOR EXCLUSION
Total for Public Auction in April 2021:1,354

Pag-IBIG Acquired Assets for Negotiated Sale (Schedules/Property Locations)

(Swipe left/right to view entire table if using a mobile phone)

April 2021

Period of acceptance for OFFERS / Property locationsBranch/Publication Batch #List of properties / detailsTotal # of properties

APR 23 – APR 29, 2021 / PANGASINAN AREA

LA UNION BRANCH - 28014This list was not uploaded to the database due to blurred text. Refer to PDF file below to view list of properties.
73

APR 22 – APR 28, 2021 / ILOCOS NORTE, ILOCOS SUR, LA UNION, BENGUET

LA UNION BRANCH - 28013This list was not uploaded to the database due to blurred text. Refer to PDF file below to view list of properties.
56

APR 19 – 23, 2021 (Suspended - see announcement) / Batangas, Bulacan, Cavite, Laguna, Metro Manila and Rizal


(SUSPENDED UNTIL FURTHER NOTICE - CLICK TO VIEW ANNOUNCEMENT)
NCR BRANCH - 15071
==> CLICK TO EXCLUDE OCCUPIED PROPERTIES

500

APR 12 – APR 16, 2021 (Suspended - see announcement) / Trece Martires, Cavite


(SUSPENDED UNTIL FURTHER NOTICE - CLICK TO VIEW ANNOUNCEMENT)
NCR - BULK SALE (Name of projects: GOLDEN HORIZON VILLAS & GOLDEN HORIZON
COUNTRYYARDS)
This was not uploaded to the database because the entire list must be purchased as 1 LOT for BULK SALE. Refer to PDF file below to view list of properties.
22 (Must be purchased as 1 lot)

APR 12 – APR 26, 2021 / AGUSAN DEL NORTE

Cagayan De Oro HBC - 82004Uploading to database is ongoing. In the meantime, you can view the list inside the guidelines below.

19

APR 12 – APR 16, 2021 / Doongan, Butuan City

CDO - BULK SALE (Name of project: GUILLEN SUBDIVISION)This was not uploaded to the database because the entire list must be purchased as 1 LOT for BULK SALE. Refer to PDF file below to view list of properties.
85 (Must be purchased as 1 lot)

APR 05 – APR 21, 2021 / Zamboanga Del Sur (Pagadian City), Zamboanga Sibugay (Kabasalan, Ipil)

ZAMBOANGA HOUSING BUSINESS CENTER - 76028
==> CLICK TO EXCLUDE OCCUPIED PROPERTIES

56

APR 05 – APR 15, 2021 / DAVAO CITY, DAVAO DEL SUR, DAVAO DEL NORTE, DAVAO ORIENTAL, DAVAO DE ORO, SOCSARGEN & SULTAN KUDARAT

DAVAO HBC - 88020This list was not uploaded to the database due to blurred text. Refer to PDF file below to view list of properties.

160

APR 06 – APR 12, 2021 / CAPIZ, ILOILO, NEGROS OCCIDENTAL, AKLAN

BACOLOD HOUSING BUSINESS CENTER - 059-031
==> CLICK TO EXCLUDE OCCUPIED PROPERTIES

57

APR 05 – APR 10, 2021 / CEBU PROPERTIES

CEBU HOUSING BUSINESS CENTER - 64005
==> Note: No Occupancy Status Available

70

APR 05 – APR 10, 2021 / SULU, TAWI-TAWI, ZAMBOANGA, BASILAN, SINGANGAN

ZAMBOANGA HOUSING BUSINESS CENTER - 76027
==> CLICK TO EXCLUDE OCCUPIED PROPERTIES

78

APR 05 – 08, 2021 (Suspended - see announcement) / Bulacan, Cavite, Laguna, Metro Manila and Rizal


(SUSPENDED UNTIL FURTHER NOTICE - CLICK TO VIEW ANNOUNCEMENT)
NCR BRANCH - 15070
==> CLICK TO EXCLUDE OCCUPIED PROPERTIES

500

APR 05 – APR 13, 2021 (Suspended - see announcement) / BATANGAS, LAGUNA, ORIENTAL MINDORO, PALAWAN, QUEZON PROVINCE


(SUSPENDED UNTIL FURTHER NOTICE - CLICK TO VIEW ANNOUNCEMENT)
CALAMBA HOUSING BUSINESS CENTER - 47028Uploading to database is ongoing. In the meantime, you can view the list inside the guidelines below.

104

MAR 29 – APR 08, 2021 (Suspended - see announcement) / BATANGAS, CAVITE, LAGUNA, and QUEZON PROVINCE


(SUSPENDED UNTIL FURTHER NOTICE - CLICK TO VIEW ANNOUNCEMENT)
CALAMBA HOUSING BUSINESS CENTER - 47027
==> CLICK TO EXCLUDE OCCUPIED PROPERTIES

104

MAR 29 – APR 02, 2021 / CAMARINES NORTE, SORSOGON, ALBAY, CATANDUANES

NAGA HOUSING BUSINESS CENTER - 53055This list was not uploaded to the database due to blurred text. Refer to PDF file below to view list of properties.
61
Total for negotiated sale in April 2021:1.945

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


Foreclosed Properties Search (FPS) – Search all foreclosed properties in the Philippines

To quickly search for all available foreclosed properties that include other banks/institutions, use our Foreclosed Properties Search or FPS tool below:

Note: Deletion of expired listings is ongoing. Expired listings may appear in database search until deletion is done.

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

You can also browse all locations within the Philippines with foreclosed 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.


Important updates re: buying Pagibig foreclosed properties

For Negotiated Sale: Reservation fee only required for winning offerors/buyers

As stated in Pag-IBIG’s Steps to Purchase Acquired Assets Page2:

“Ang nanalong offeror o buyer ay magbabayad ng P1,000.00 Reservation Fee (non transferrable/non refundable) sa loob ng limang (5) araw simula sa pagtanggap ng Notice of Award. (The winning offeror or buyer will pay P1,000 Reservation Fee (non transferrable/non refundable) within five (5) days from receipt of Notice of Award).

Pagibig NO LONGER accepts reservations thru Accredited Brokers effective September 30, 2019

This was announced in Pag-IBIG’s website3, and I noticed they also removed their list of accredited real estate brokers. They advice interested buyers to coordinate directly with the Acquired Asset Management Group or with the nearest Housing Hubs.

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

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

  1. View the list of properties included in the auction and identify 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. Register for the auction/bidding – Bidders are required to register at the Acquired Asset frontline counter servicing (venue to be specified per auction) prior to dropping of sealed bid offer/s. Only bid offers from registered bidders shall be accepted and a registration stub will be issued as proof of registration.
  5. Submit sealed bid/proposal – Bidders are advised to submit their proposals together with a photocopy of their 2 valid Identification (ID) card and latest proof of income only on the scheduled date of batch. No proposals shall be accepted earlier or later than the scheduled date. Please refer to bidding guidelines for more details.
  6. Opening of sealed bids shall be done as per schedule. The results of the sealed public auction shall be released and posted at Pag-IBIG’s official website. Winning bidders shall also be notified via email and SMS.
  7. Winning Bidders Payment of Bid Bond – As per guidelines: “The winning bidder shall be required to pay his/ her BID BOND equivalent to five percent (5%) of the BID OFFER and shall be paid within 3 working days after the publication of the winning bidders. It shall be in Philippine Currency and may be in the form of cash or manager’s check payable to Pag-IBIG Fund. It shall likewise serve as the down payment of the winning bidder”

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 you can download above.

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 properties4, even if they can have big discounts.

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


How to Buy Pag-IBIG Acquired Assets for Negotiated Sale

To explain the details, I uploaded a step-by-step video tutorial in youtube, see below to watch:

Step-by-step tutorial video

Click to watch: How to Buy Pag-IBIG Acquired Assets for Negotiated Sale (2021 Step-By-Step Tutorial)

Click to watch video ==> How to buy/avail Pag-IBIG acquired assets/foreclosed properties under negotiated sale (2021 Step-by-step tutorial)

You can also refer to a summary from Pag-IBIG’s website below:

  • The list of the properties for negotiated sale may be viewed at Pag-IBIG Fund website. Please take note of the Publication Batch No., Start/End Time and Date of Acceptance of Offer.
  • Interested buyers are encouraged to inspect their desired property/ies to purchase prior to submission of offer/s.
  • On the scheduled date of submission of offer, buyer shall register at the acquired asset frontline counter servicing at the start of the acceptance period.
  • Buyer must accomplish and submit an Offer to Purchase indicating the preferred mode of sale and payment in a sealed envelope. Then drop in a designated drop box.
  • Dropping of sealed envelope in a drop box is according to scheduled date.
  • Cut off time for submission of offer/s is at 5:00p.m. After cut off time, registration of buyers shall be closed.
  • NO more offers shall be accepted from unregistered buyers after the cut-off time and date.
  • The opening of sealed envelopes shall be done on the date, time and place stated in the Invitation to Submit Offer to Purchase

“RESERVATION FEE SHALL BE ACCEPTED ONCE DECLARED AS THE HIGHEST PURCHASE OFFEROR OR WINNING BUYER.”

For more details kindly call at 8-654-1398/8-654-1032 or visit us at 2nd Flr. Acquired Asset Counter Servicing at JELP Bldg., Shaw Blvd., Mandaluyong City

Frequently Asked Questions (FAQ)

1. How to avail? How can I join the auction/buy via negotiated sale?

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.

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

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.

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

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.

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

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 using our foreclosed property search tool (see search box above) 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. You can also exclude properties that have illegal occupants as indicated in the listings from Pag-IBIG.

5. 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. Here are additional info for your reference:

We do not recommend buying occupied properties!!!

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 “Classifieds 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.

6. Who do I contact to inquire?

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

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

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):

  1. 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).
  2. If a property is not sold during the 2nd auction, it will be included in another schedule/list of properties under negotiated sale.
  3. 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.

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

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.

9. Can you please check if a property on an old list/schedule is still available?

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.

10. What are the requirements?

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

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

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

12. What does it mean if a title is FOR CONSOLIDATION?

When a 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 transferred the property under their name. 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.

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

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


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 guidelines per publication batch from the table above (the red buttons).
  2. If you want to inquire about a property, 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 guidelines for each publication batch.

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 written in the bidding/negotiated sale guidelines.

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

For more details kindly call at 8-654-1398/8-654-1032 or visit us at 2nd Flr. Acquired Asset Counter Servicing at JELP Bldg., Shaw Blvd., Mandaluyong CityPag-IBIG website

You may also call Pag-IBIG’s Hotline:

Pag-IBIG FUND HOTLINE:

  • 8-724-4244 (8-Pag-IBIG) – 24/7 Call Center operation

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

References


  1. Pag-IBIG official website. Pag-IBIG Fund. As retrieved on April 12, 2021 []
  2. Steps to Purchase Acquired Assets. Pag-IBIG Fund. As retrieved on July 15, 2020 []
  3. Pag-IBIG official website. Pag-IBIG Fund. As retrieved on September 30, 2019 []
  4. 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 []


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Avoid losing money, wasted time and effort caused by buying foreclosed properties that have too many problems, with our free 60-item Property Due Diligence Checklist. Grab your free copy now.



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