1,216 Pag-IBIG foreclosed properties for negotiated sale in July 2020 listings

Last Updated on by Jay Castillo | Filed under: - 505 Comments

July 1, 2020 – A total of 1,216 Pag-IBIG foreclosed properties / acquired assets are available for negotiated sale this July 2020. Details below.


Table of Contents

Important updates re: buying Pagibig foreclosed properties

Bidder’s bond reduced to 5%

Based on the latest bidding guidelines, the required bidder’s bond has been reduced to only 5% of the BID OFFER. In the past, this was 10% of the BID OFFER. Please refer to the downloadable guidelines below for more details.

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

This was announced in Pag-IBIG’s website1, 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.

Schedules for Pag-IBIG foreclosed properties for auction/negotiated sale

Please refer to the complete list of foreclosed properties and auction schedules below. You either view the list of properties in our database, or download the listings in PDF format.

Pagibig Auction Listings (July 2020)

(There are no public bidding schedules for July 2020 at the moment. New schedules will be added here once they become available)

Pag-IBIG Acquired Assets for Negotiated Sale (July 2020)

Batch No. / Location of properties / Period for acceptance of offersList of properties and detailsTotal number of foreclosed properties

Batch 15025 / Foreclosed properties in Metro Manila, Bulacan, Rizal, Cavite, Laguna & Batangas / July 6 - 10, 2020



*Added last June 29, 2020

or

500

Batch 59018 / Foreclosed properties in CAPIZ, ILOILO, NEGROS OCCIDENTAL, AKLAN / July 1 - 13, 2020



*Added last June 29, 2020

or

72

Batch 76012 / Foreclosed properties in Zamboanga Del Sur (Dinas, Pagadian City), Zamboanga Sibugay (Ipil) / June 29 - July 17, 2020



*Added last June 29, 2020
FYI!!! This PDF file from Pag-IBIG is blurred and the listings are unreadable. I can't make it clearer no matter what PDF optimization method I tried.
35

Batch 76013 / Foreclosed properties in Sulu, Tawi-Tawi, Zamboanga / June 29 - July 17, 2020



*Added last June 29, 2020
62

Batch 15024 / Foreclosed properties in Metro Manila, Rizal, Cavite, Laguna, Bulacan and Batangas / June 29 - July 3, 2020



*Added last June 23, 2020

or


Erratum: Excluded properties
445

Batch 53025 / Foreclosed properties in Camarines Norte, Albay, Sorsogon, Camarines Sur, Catanduanes, Masbate / June 29 - July 3, 2020



*Added last July 1, 2020
102
Total for negotiated sale in July 2020:1,216

Additional listings will be added when they become available.

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

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

You may also view the entire list of Pagibig acquired assets/foreclosed properties in our database for easy searching/filtering.

Click to view ALL Pag-IBIG Foreclosed Properties

The source of this compilation of listings is Pag-IBIG’s official website2.


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

To quickly search for ALL available foreclosed properties (including ALL banks) in your preferred location, 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.


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 properties3, 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 summary 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 October 3, 2019 []
  2. Pag-IBIG official website. Pag-IBIG Fund. As retrieved on July 1, 2020 []
  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 []


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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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