Guide to Availing Foreclosed Properties

Pag-IBIG’s acquired assets are suitable for individuals with low income who desire to own an affordable home, as well as real estate investors who wish to increase their returns. Guide to Availing Foreclosed Properties

If you are considering purchasing an acquired asset from Pag-IBIG, it’s important to have a clear understanding of the process. This guide provides you with all the necessary information about Pag-IBIG Fund’s acquired assets to help you make an informed decision before buying.

What are Pag-IBIG Acquired Assets?

A Pag-IBIG-acquired asset refers to a property that has been foreclosed because the original owner, who obtained a housing loan from Pag-IBIG, failed to make the required monthly payments.

Typically, Pag-IBIG gives delinquent borrowers an opportunity to repurchase their foreclosed property in case of default. The buy-back option is also available to tenants who currently rent and occupy the foreclosed properties.

In the event that the buy-back option is unsuccessful, Pag-IBIG offers the foreclosed property to new buyers at a lower price through a public bidding process. This is done to recover the outstanding loan amount and generate revenue for the Fund.

If a property fails to sell at auction, it is then made available for negotiated sale, with buyers being able to receive up to a 30% discount.

Should I Buy an Acquired Asset from Pag-IBIG?

Purchasing a foreclosed property from Pag-IBIG makes financial sense for two reasons.

Firstly, Pag-IBIG obtains assets that are sold at prices below the market value, making it possible for those without sufficient funds to purchase a new property to afford a home. Opting for a Pag-IBIG housing loan to finance a foreclosed property would result in lower monthly payments.

Secondly, purchasing a Pag-IBIG foreclosed property can be a wise investment. This presents an opportunity to buy at a lower price and eventually sell or rent it for a higher value, given that the worth of real estate increases over time.

However, purchasing a foreclosed property also carries risks. These properties are sold on an “as is, where is” basis, which may indicate some parts may be damaged. If the property’s condition is not ideal, it would require additional expenses to repair.

How to Find the List of Pag-IBIG Foreclosed Properties for Sale

There are two methods to access Pag-IBIG’s foreclosed property listings. One is to physically go to the Pag-IBIG Fund office, while the other is to check their official website[1].

To obtain a list of foreclosed properties in person, visit the Marketing and Sales-Acquired Assets Management Group on the second floor of the JELP Business Solutions Center located at 409 Shaw Blvd. in Mandaluyong (for properties in Metro Manila) or the Pag-IBIG regional branch (for properties in the provinces).

How to View the List of Acquired Assets Under Negotiated Sale

To view a list of acquired assets online, you can visit the Property Finder page on the Pag-IBIG website. The list of foreclosed properties in Metro Manila is regularly updated, while the list for properties in the provinces is updated every Friday.

How to find the list of Pag-IBIG acquired assets online:

  1. Go to the Pag-IBIG Fund website and click the Property Finder link.
  2. You will be directed to the Pag-IBIG Fund Acquired Assets page.
  3. Click the Properties Under Negotiated Sale button.
  4. Choose your preferred location (province and municipality) and price range from the drop-down menu.
  5. Click the Search button to view all the available foreclosed properties for sale that match your search criteria.
  6. The search results will show the following details for each property: subdivision name, location, branch account (the Pag-IBIG office that supervises the property’s sale), contact numbers of the supervising Pag-IBIG branch, and date when the property was last updated.
  7. Click the View Property/s link for the property you’re interested in to see more specific details, including the exact location of the property (phase, block, and lot), lot area, floor area, price (value of the property), property type (house and lot/lot only / duplex/quadruplex / row house/townhouse), status (occupied/unoccupied), and remarks (available/reserved).

If you want to have a copy of the foreclosed property’s information, click the Print button.

How to View the List of Acquired Assets for Auction

If you would rather participate in a bidding process to acquire a foreclosed property instead of buying one through a negotiated sale, you may access the list of available foreclosed properties for bidding on the Pag-IBIG website.

How to check the list of Pag-IBIG acquired assets for public auction:

Go to the Pag-IBIG Fund Acquired Assets page.

  1. Look for the Schedule of Public Auctions section on the page.
  2. This section is divided into those with discount and those without discount.
  3. The property listings are grouped into either the NCR branch or provinces.
  4. Choose your preferred bidding schedule and venue for the property location.
  5. When you click on the preferred schedule, a PDF file will pop up.
  6. This file contains the bidding guidelines and the listing of foreclosed properties that are up for auction.
  7. Read the guidelines carefully before proceeding to the property listing.
  8. Take note of important details of the property you are interested in buying, such as its property number, location, type of property, Transfer Certificate of Title (TCT), lot area, floor area, minimum bid, and appraisal date.

How to Bid for Pag-IBIG Foreclosed Properties

Are you considering participating in a Pag-IBIG auction to purchase a foreclosed property? Below are the basic guidelines for placing a bid on an acquired asset.

1. Prepare the Bidding Requirements

To participate in the public bidding for Pag-IBIG-acquired assets, you should gather all the necessary requirements beforehand and place them in a sealed envelope. The requirements include two copies of the accomplished Offer to Bid form, a bidder’s bond equivalent to 10% of your proposed bid price for the desired property (paid either in cash at a Pag-IBIG office or through a manager’s check payable to Pag-IBIG Fund), and an accomplished Special Power of Attorney and Acknowledgment form if you can’t attend the bidding and will have an authorized representative to bid on your behalf.

2. Check for Any Erratum Posting on the Pag-IBIG Website

Before attending the auction, it is advisable to check Pag-IBIG’s acquired assets page five days prior to the scheduled event. This will allow you to review any erratum posted on the property listing for the auction you plan to attend.

An erratum typically includes a list of properties that have been recently removed from the list for public bidding. These properties are usually excluded from the auction because they have already been sold to a direct buyer.

It is crucial to verify whether the foreclosed property you are interested in is still available for bidding.

3. Attend the Scheduled Bidding

To register add submit your bid, kindly approach the secretariat or technical working group stationed at the entrance of the venue. After the deadline for bid submission, the sealed bids will be opened and the winner will be announced based on the highest bid amount.

If you happen to be the highest bidder and win the bid, your bidder’s bond (equivalent to 10% of the bid price) will automatically serve as your down payment for the foreclosed property. The remaining 90% of the bid amount can be settled in cash, through installments, or with the help of a Pag-IBIG housing loan.

On the other hand, if you don’t win the bid, you will receive your bidder’s bond back together with an acknowledgment receipt.

How to Buy Pag-IBIG Acquired Assets Under Negotiated Sale

1. Reserve the Foreclosed Property

Please go to the Pag-IBIG office responsible for the sale of the acquired asset and bring the following requirements to reserve the asset:

Valid ID (any of the following):

  • Company ID
  • Passport
  • UMID
  • Driver’s license
  • PRC ID
  • Driver’s license
  • Voter’s ID
  • Postal ID
  • HDMF-Pag-IBIG Overseas Program (POP) ID
  • AFP ID
  • IBP ID

Proof of income:

For local employees, they need to provide their latest one-month payslip.

  • Self-employed individuals must present their Income Tax Return (ITR), Barangay Permit, or Business Permit.
  • OFWs should provide an active employment contract or a Certificate of Employment and Compensation.
  • To reserve the desired property, the interested party must fill out the Reservation Form and Offer to Purchase Form, indicating their preferred mode of payment. Cash, installment, and Pag-IBIG housing loans are the available options, each with different discount rates and payment terms.


Payment Mode Discount Rate Payment Term
Cash 30% One month
Installment 20% Up to 12 months, with a 12% interest rate per annum
Pag-IBIG Housing Loan 10% Up to 30 years (Borrower’s age shall not exceed 70 years old at the loan maturity date.)

You’ll also be required to pay the PHP 1,000 non-refundable reservation fee.

2. Submit the Requirements for Purchase (For Housing Loan Only)

This pertains to an extra procedure for individuals who intend to procure a foreclosed property utilizing a Pag-IBIG housing loan.

After settling your reservation fee, kindly ensure that you submit all necessary documents to the Pag-IBIG office within 30 calendar days.

Basic Requirements

Two accomplished copies of the Buyer’s Information Sheet with a 1×1 ID photo attached to each form.

  1. Photocopies (front and back) of valid IDs of the principal buyer and spouse, co-buyer and spouse (if applicable).
  2. Proof of income, which can include:
  • For local employees: a notarized certificate of employment and compensation, the latest one-month payslip, or the latest income tax return (ITR).
  • For self-employed individuals: the ITR, audited financial statements, and official receipt of tax payment; commission vouchers; bank statements or passbook for the last 12 months; lease contract and tax declaration; certified true copy of Transport Franchise; or certificate of engagement.
  • For overseas Filipino workers (OFWs): an employment contract, certificate of employment and compensation, or ITR filed with the host country/government.
  1. Pay the processing fee of PHP 2,000 and documentary stamp tax of PHP 100.

Also, pay the PHP 2,000 processing fee and PHP 100 documentary stamp tax.

3. Receive the Notice of Approval of Loan

If your application for a housing loan is successful, you will receive a Notice of Approval of Loan and a Disclosure Statement on Loan Transaction. You will be required to pay the one-year advance insurance premiums within 30 days of receiving these documents.

4. Sign and Submit Mortgage Documents

Please provide a signed and notarized Deed of Conditional Sale, along with other mortgage documents verifying your housing loan from the Pag-IBIG Fund.

5. Make Your Payment


  1. Cash Purchase: Pay the full net selling price within 30 calendar days from the date of your reservation.
  2. Installment Purchase: Pay the net selling price in 12 monthly installments.
  3. Purchase through Housing Loan: Begin making your monthly amortization payments 30 days after the loan takeout date. Use the Pag-IBIG housing loan calculator to determine your monthly amortization amount.

more related articles:

  • How to Apply for a Pag-IBIG Housing Loan
  • 11 Helpful Tips to Get Your Pag-IBIG Housing Loan Approved

Tips on Buying Foreclosed Properties in Pag-IBIG

1. Inspect the Property First

Before reserving or purchasing a foreclosed property, it is important to physically inspect the unit for any structural damage or necessary repairs. Additionally, it is important to confirm the provided information about the property, such as its lot and floor area.

Take into consideration the property’s surroundings, including factors like its level of tranquility and potential for flooding, as well as its accessibility to public transportation, shopping centers, schools, hospitals, and other essential amenities.

Consider bringing along a real estate expert or engineer to assist you in evaluating the property and identifying any necessary repairs or improvements.

Only proceed with bidding or reserving the property if you are confident that it meets your desired criteria.

2. Be Personally Present During the Reservation

The Pag-IBIG Fund mandates that the purchaser must personally appear when reserving a purchased asset. This requirement remains in effect even when the reservation is made through a real estate agent or broker. However, in cases where the principal buyer is an OFW currently residing abroad, Pag-IBIG will accept a Special Power of Attorney as a substitute for their personal appearance.

3. Transact with Pag-IBIG Employees Only

Be cautious of individuals posing as fixers, fake agents, or employees of the Pag-IBIG Fund. It is recommended to make payments solely at the Pag-IBIG office. It is important to note that agents and brokers are not authorized to collect or accept payments for purchases.

4. Avoid Occupied Properties

The Pag-IBIG Acquired Assets website clearly indicates whether a foreclosed property is currently occupied or vacant. It’s important to note that purchasing or bidding on an occupied property may lead to complications in the future if the occupants refuse to leave the property.

Final Thoughts

Acquiring assets from Pag-IBIG can be a valuable investment opportunity for both homebuyers and real estate investors in the Philippines. However, to find the right property, Guide to Availing Foreclosed Properties

it is important to have a clear understanding of the entire process of bidding or purchasing a foreclosed property from Pag-IBIG.

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