October 2020 Pag-IBIG Acquired Assets | 2,020 foreclosed properties available for negotiated sale

by Jay Castillo | Filed under: - 540 Comments



2nd update on September 30, 2020 – The October 2020 compilation of Pag-IBIG Acquired Assets for negotiated sale has 2,020 foreclosed properties in total. Listing details and schedules can be found below.

Note: This is updated with listings available as of September 30, 2020. More listings/schedules will be added as they become available.

Table of Contents


Pag-IBIG Acquired Assets for Negotiated Sale (Schedules for acceptance of offers)

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

Period for acceptance of offers / Location of propertiesPublication Batch NumberList of properties and detailsTotal number of foreclosed properties / Remarks

OCT 12 - OCT 23, 2020 / CAPIZ, ILOILO, NEGROS OCCIDENTAL

59022
or

46

OCT 05 - OCT 09, 2020 / Bulacan, Cavite, Laguna, Metro Manila and Rizal

15043
or

311 (PDF file has wrong numbering, there are only 311 properties in the list, not 312)

OCT 05 - OCT 09, 2020 / Bulacan, Cavite, Laguna, Metro Manila and Rizal

15042
or

296

OCT 05 - OCT 09, 2020 / PAMPANGA, BULACAN, BATAAN, TARLAC, NUEVA ECIJA

40013
or

82

SEP 28 - OCT 09, 2020 / Batangas, Laguna, Oriental Mindoro, Palawan, Quezon Province

47015
or

152

SEP 28 - OCT 09, 2020 / CAPIZ, ILOILO, NEGROS OCCIDENTAL, ANTIQUE

59021
or

55

SEP 30 - OCT 06, 2020 / Ilocos Norte, Ilocos Sur, La Union, Benguet, Abra

28007Note: This batch was not uploaded to the database due to blurred text. Please refer to PDF for listing below:
411

SEP 28 - OCT 02, 2020 / Bulacan, Cavite, Laguna, Metro Manila and Rizal

15041
or

279

SEP 28 - OCT 02, 2020 / Bulacan, Cavite, Laguna, Metro Manila and Rizal

15040
or

278

SEP 28 - OCT 02, 2020 / Albay, Camarines Norte, Sorsogon, Catanduanes, Masbate, Camarines Sur

53034Note: This batch was not uploaded to the database due to blurred text. Please refer to PDF for listing below:
110
Total for negotiated sale in October 2020:2,020

View All Pag-IBIG Properties in searchable database


For easy searching/filtering, you may view the list of all Pagibig acquired assets/foreclosed properties in our database as of September 17, 2020.

==> View All Pag-IBIG Properties in searchable database



The database is updated with all Pag-IBIG foreclosed properties for negotiated sale as of September 28, 2020 (removal of expired listings is currently ongoing).
~ Jay Castillo
Reminder: 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.


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

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

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 buy foreclosed properties? How to avail?

This is a video explanation that answers the most common questions I receive via email: “How to buy foreclosed properties?” or “How to avail?”.


(I’ll be explaining more aspects of buying foreclosed properties through videos in Youtube so don’t forget to subscribe to my Youtube channel so you won’t miss them, Click here to subscribe)

You may also refer to the written summaries below.


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. 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 5% 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 you can download below.

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.

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

How to Buy Pag-IBIG Acquired Assets for Negotiated Sale

As of September 30, 2019, there is a new process for the purchase of Pag-IBIG acquired assets for negotiated sale.

The following is the new process posted on Pag-IBIG’s website.

  • 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


Important info 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

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?

You can refer to the video and also the 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 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.

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.

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

In the past, Pag-IBIG has accredited licensed real estate brokers that are authorized to sell their foreclosed properties. Please contact Pag-IBIG directly to check if they are accepting applications for broker accreditation.


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 written in the bidding/negotiated sale guidelines.

You may also contact Pag-IBIG 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

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 30, 2020 []
  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 October 3, 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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