1,145 Pag-IBIG Foreclosed Properties in February 2021 Auction + Negotiated Sale Listings/Schedules

Last Updated on January 26, 2021 by Jay Castillo | Filed under: - 560 Comments



January 25, 2021: A total of 1,145 Pag-IBIG foreclosed properties scheduled for public auction/negotiated sale this February 2021. Details and schedules can be found below.

Table of Contents

The final count for January 2021: 4,472 Pag-IBIG acquired assets were listed for sale where 2,014 properties were for public auction, and another 2,458 were are under negotiated sale.


View Pag-IBIG Properties in searchable database

For easy searching/filtering, you may view the list of Pag-ibig acquired assets/foreclosed properties in our database as of January 22, 2021. This only includes listings under the NCR Branch.

==> View Pag-IBIG Properties in searchable database

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

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

February 2021

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

FEB 08-12, 2021 / CEBU PROPERTIES

CEBU HOUSING HUB - SPB 56th Tranche - No Discount51

FEB 01-05, 2021 / Batangas, Bulacan, Cavite, Laguna, Rizal and Metro Manila

NCR BRANCH - SPB 146th Tranche (2nd Auction - with discount )
500
Total for Public Auction in February 2021:551

January 2021

Here’s the last auction where submission of bids is still ongoing

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

JAN 25-29, 2021 / Batangas, Bulacan, Cavite, Laguna, Rizal and Metro Manila

NCR BRANCH - SPB 165th Tranche (1st Auction - no discount )
500

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

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

February 2021

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

FEB 01 – FEB 05, 2021 / Bulacan, Cavite, Laguna, Metro Manila and Rizal

NCR BRANCH - 15063
500

JAN 25 – FEB 03, 2021 / BATANGAS, CAVITE, LAGUNA, MINDORO, PALAWAN & QUEZON PROVINCE

CALAMBA HOUSING BUSINESS CENTER - 4702194
Total for negotiated sale in February 2021:594

January 2021

Here are the remaining schedules where submission of offers are still ongoing

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

JAN 25 – JAN 29, 2021 / Batangas, Bulacan, Cavite, Laguna, Metro Manila and Rizal

NCR BRANCH - 15062
500

JAN 25 – JAN 29, 2021 / PAMPANGA, BULACAN, BATAAN, TARLAC, NUEVA ECIJA, ZAMBALES

PAMPANGA BRANCH - 40016168

JAN 25 – JAN 29, 2021 / NEGROS OCCIDENTAL, ILOILO, CAPIZ, ANTIQUE

BACOLOD HOUSING BUSINESS CENTER - 5902666

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 all available foreclosed properties that include 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 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


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 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 January 18, 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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