For October 2022, a total of 3,704 Pag-IBIG foreclosed properties have been scheduled for sale via auction/negotiated sale nationwide (This is the initial compilation). Details below.
Table of contents
- Pag-IBIG Acquired Assets/ Foreclosed Properties For Sale on October 2022
- How can I find Pagibig house and lots, condos, vacant lots, etc?
- How to avail or participate in the auctions of Pag-IBIG acquired assets
- How to Buy Pag-IBIG Acquired Assets for Negotiated Sale
- Important reminders for interested buyers
- 1. Pagibig does not accept reservations thru Real Estate Brokers/Agents
- 2. Pag-IBIG foreclosed properties are all for sale on an “as-is, where-is” basis
- 3. A big number of properties on the listings are occupied.
- 4. Do your due diligence before submitting a bid/offer.
- 5. Check for new Erratum/Announcements.
- Frequently Asked Questions (FAQ)
- Pag-IBIG contact details
Pag-IBIG Acquired Assets/ Foreclosed Properties For Sale on October 2022
Browse all Pag-IBIG foreclosed properties in “easy to search” database:
Note: Only listings/schedules from NCR have been uploaded to the database. Uploading of provincial listings will be done as soon as possible.
The source of this compilation of listings is Pag-IBIG’s official website. Deletion of old listings inside the database is ongoing.
NCR Branch Schedules/Listings
Tabulated below are schedules for public auction and negotiated sale under Pag-IBIG’s NCR branch. (Note: Newest schedules/listings are at the top)
Last few schedules from September that are ongoing (will be deleted in October):
Provincial Branches Schedules/Listings
In the following table, I combined all listings/schedules from Pag-IBIG’s various provincial branches. (Note: Newest schedules/listings are at the top)
Last few schedules from September that are ongoing (will be deleted in October):
Reminder: You will need Adobe Acrobat Reader to view PDF files, which is free to download at Adobe.com
How can I find Pagibig house and lots, condos, vacant lots, etc?
To quickly find the types of properties you prefer, simply use them as “keywords” when you search our foreclosed properties database.
For example, the keywords “pagibig” and “house” will find all pagibig properties with the word “house” in their listing descriptions. This will also include rowhouses, townhouses, house and lots, etc. Click here to see the search results for pagibig+house.
For condos, simply use “pagibig” and “condo”. Click here to see search results for condos.
You can then filter according to your preferred location(s).
I’ll share a video tutorial when I have time.
Searching using keywords also work for other foreclosed properties in my database, see below…
Search our foreclosed properties database…
Wait, there’s more! You can also search from over 20,000 foreclosed properties in our database that includes multiple banks and lending institutions that have foreclosed properties for sale. Quickly search using the link below:
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 inside our database, grouped by Province/ City, on this page:
Note: The “Foreclosed Properties Database” is a work in progress. If you have comments/ suggestions, please do let me know by leaving a comment 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. 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.
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
Summary from Pag-IBIG’s website:
“1. 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.
2. Interested buyers are encouraged to inspect their desired property/ies to purchase prior to submission of offer/s.
3. 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.
4. 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.
5. Dropping of sealed envelope in a drop box is according to scheduled date.
6. Cut off time for submission of offer/s is at 5:00p.m. After cut off time, registration of buyers shall be closed.
7. NO more offers shall be accepted from unregistered buyers after the cut-off time and date.
8. 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 reminders for interested buyers
1. Pagibig does not accept reservations thru Real Estate Brokers/Agents
This was announced in Pag-IBIG’s website last September 30, 2019, 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. Be very careful with real estate brokers/agents who are selling Pag-IBIG foreclosed properties, they are not authorized and you might end up getting scammed! Refer to article below for more info.
2. Pag-IBIG foreclosed properties are all for sale on an “as-is, where-is” basis
3. A big number of properties on the listings are occupied.
In summary, we do not recommend buying occupied properties, even if they can have big discounts.
4. Do your due diligence before submitting a bid/offer.
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. Check for new Erratum/Announcements.
Please refer to the notice from Pag-IBIG:
“Interested parties are encouraged to visit Pag-IBIG’s website, https://pagibigfund.gov.ph/acquiredassets.html five (5) days prior the actual opening of bid offers, to check whether there is any erratum posted on the list of properties posted under the sealed public auction/negotiated sale.”
Frequently Asked Questions (FAQ)
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 of schedules above (with red download buttons).
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.
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.
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 was already sold in past schedules. 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.
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.
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:
1. 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)
2. 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.
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, and also within the details for properties inside our database.
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.
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.
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.
To get a complete list of requirements, please refer to the guidelines which you can download above (those in red buttons).
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
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.
PAG-IBIG ACQUIRED ASSETS and FORECLOSED PROPERTIES are the same. These properties are also referred to as ROPA (Real and Other Properties Acquired). They can also be referred to as pagibigfund acquired assets
The BIR has an “Abatement Program” where the taxpayer (HDMF in this case) can apply for the reduction or cancellation of taxes, penalties, and/or interest. This process can take a long time and will affect the consolidation of the title. This is the reason for the following disclosure in the affected listings:
“TCT UNDER DEVELOPER OR UNDER ABATEMENT MAY TAKE SEVERAL YEARS (MORE OR LESS 5 YEARS) FOR TCT TO BE CONSOLIDATED IN THE NAME OF THE FUND”
Since the consolidation of the title will take a long time, this can make it difficult to transfer the ownership if you decide to sell the property. To avoid complications with title transfer to your buyer, you will have to wait for the title consolidation to finish.
Got more questions? Please read:
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).
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 contact the person-in-charge as written in the bidding/negotiated sale guidelines.
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.
- Pag-IBIG official website. Pag-IBIG Fund. As retrieved on September 29, 2022, 9:10am
- Steps to Purchase Acquired Assets. Pag-IBIG Fund. As retrieved on July 15, 2020
- Pag-IBIG official website. Pag-IBIG Fund. As retrieved on September 30, 2019
- 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