Pag-IBIG Acquired Assets: How to Buy and Bid in Foreclosed Properties

Venus Zoleta

Venus Zoleta

Last updated July 14, 2023

Are you interested in buying a Pag-IBIG-acquired asset this 2023? Pag-IBIG acquired assets are ideal for low-income earners wanting to own an affordable home and real estate investors wanting to maximize their returns.

Here's everything you need to know about how to buy foreclosed properties in Pag-IBIG, so you can make an informed buying decision.

What is a Pag-IBIG Acquired Asset?

A Pag-IBIG-acquired asset is a property that's been foreclosed because the original owner, who availed of a Pag-IBIG housing loan, failed to pay their monthly amortizations.

The Pag-IBIG Fund typically allows delinquent borrowers to buy back their foreclosed property when they default on their payments. It also offers this buy-back option to tenants who occupy and rent the foreclosed properties.

If the buy-back option doesn't work out, Pag-IBIG offers the foreclosed property to new buyers at a lower price via public bidding to recover the unpaid loan and generate income for the Fund.

If the sale via auction fails for a particular property, it’s then put up for Pag-IBIG negotiated sale in which buyers can get as much as a 30% discount.

Should I Buy an Acquired Asset from Pag-IBIG?

how to buy foreclosed properties in pag ibig - should i avail of acquired asset

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

First, Pag-IBIG-acquired assets are sold at prices below the market value. It enables you to afford a home if you don't have enough money to purchase a brand-new property. You'll have lower monthly amortizations if you avail of a Pag-IBIG housing loan to finance a foreclosed property.

Second, Pag-IBIG foreclosed properties are an excellent investment. Buying one allows you to buy low and sell or rent high. Not to mention that the value of real estate increases over time.

However, there are risks to buying a foreclosed home. These are sold on an "as is, where is" basis, meaning some may have damaged parts. If a foreclosed property's condition is less than ideal, you'll have to spend money to fix it.

Read more:

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

Are you looking for Pag-IBIG foreclosed properties in Quezon City or anywhere in Metro Manila and the provinces? You can view Pag-IBIG foreclosed property listings by visiting the Pag-IBIG Fund office or checking the government agency's website.[1]

To get the Pag-IBIG foreclosed properties list in the Pag-IBIG office, go to the second floor of JELP Business Solutions Center located at 409 Shaw Blvd., Mandaluyong (for properties in Metro Manila) or the Pag-IBIG regional branch (for properties in the provinces). Coordinate with the Marketing and Sales-Acquired Assets Management Group.

👉 How to View the List of Acquired Assets Under Negotiated Sale

pag ibig list of foreclosed properties

If you prefer to see the list of Pag-IBIG foreclosed properties for 2023 online, check the Pag-IBIG Fund Acquired Assets page.[2] Listings of foreclosed properties in Metro Manila are updated regularly, while the list for properties in the provinces is updated every Friday.

Here's how to find the list of Pag-IBIG acquired assets online:

  1. Go to the Pag-IBIG Fund Acquired Assets page at
  2. Click the List of Properties for Sale button.
  3. Select the Properties Up to 45% Discount (Negotiated Sale) tab.
  4. You'll find a list of housing business centers, including the tranche, duration of acceptance of bid offers, locations of registration or dropboxes, and the date of opening of offers. 
  5. Select your preferred location and click on See List.
  6. All the available foreclosed properties for sale in that location will appear, including the following details:
    • Subdivision name
    • Location
    • Price
    • Type of property
    • Lot area and floor area
    • Transfer Certificate of Title/Status of TCT
    • Minimum Gross Selling Price
    • Appraisal Date
    • Required Gross Monthly Income
    • Remarks (occupied/unoccupied/title for consolidation etc.)
    • Branch account (the Pag-IBIG office that supervises the property's sale)
    • Contact numbers of the supervising Pag-IBIG branch
    • Date of last property update
  7. Click the Print or Download button for a copy of the foreclosed property's information.

Read more:

👉 How to View the List of Acquired Assets for Auction

Wondering how to check foreclosed homes in Pag-IBIG that are up for auction? If you prefer to bid for an acquired property over getting one under negotiated sale, you can also view the list of foreclosed properties available for bidding on the Pag-IBIG website.

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

  1. Go to the Pag-IBIG Fund Acquired Assets page.
  2. Click the List of Properties for Sale button.
  3. You’ll see the tabs Properties with No Discount (1st Auction) and Properties Up to 30% Discount (2nd Auction).
  4. Scroll down the page to find property listings grouped into the NCR branch or provinces. For example, if you want to see which Pag-IBIG foreclosed properties in Cebu are up for auction, look for Cebu and click on See List to access the list of available properties. 
  5. You’ll also see the bidding schedule and venue for the property's location. An Invitation to BID file in PDF format containing the bidding guidelines and a list of foreclosed properties for auction will pop up.
  6. Read the guidelines and scroll further to find the listing. Take note of these details of the foreclosed property you're considering buying:
    • Property number
    • Property location
    • Type of property
    • Transfer Certificate of Title (TCT)
    • Lot area
    • Floor area
    • Minimum bid
    • Status of TCT
    • Remarks

list of pag-ibig foreclosed properties 2023

Related reading: Upfront and Hidden Home Ownership Costs You Need to Prepare For

How to Bid for Pag-IBIG Foreclosed Properties in the Philippines

Are you planning to join a Pag-IBIG auction to buy an acquired asset? Here are the general instructions for the Pag-IBIG bidding process. 

1. Prepare the Pag-IBIG Bidding Requirements

Before participating in the Pag-IBIG house bidding, gather all the requirements and put them in a sealed envelope.

  • Two copies of the accomplished Offer to Bid (For Sealed Public Auction) 
  • Photocopy of valid IDs with three specimen signatures
  • Latest proof of income
  • Bidder's bond of at least 5% of the bid offer for your desired property (paid either in cash at a Pag-IBIG office or manager's check payable to Pag-IBIG Fund)
  • Accomplished and notarized Special Power of Attorney and valid ID with three specimen signatures (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

An important tip on how to bid in Pag-IBIG is checking whether the property you want to buy is still available for bidding. Five days before the scheduled auction, visit Pag-IBIG's Acquired Assets page to check for any erratum posted on the property listing under the auction you'll be attending.

An erratum contains the list of properties recently removed from the list for public bidding. Usually, these properties are excluded from bidding because they're sold to a direct buyer before the auction.

3. Attend the Scheduled Bidding

Once you have completed all the Pag-IBIG housing bidding requirements, you can register and submit your sealed bid. Approach the secretariat or technical working group at the entrance of the venue.

After the deadline for bid submission, the sealed bids will be opened. The highest bidder will be announced as the winner.

If you win the bid, your bidder's bond (at least 5% of the bid offer) will automatically become your down payment for the foreclosed property. You can pay the remaining 95% of the bid amount in cash, installments, or through a Pag-IBIG housing loan.

If you lose the bid, you'll get your bidder's bond back with an acknowledgment receipt.

How to Buy Foreclosed Properties in Pag-IBIG Under Negotiated Sale

How to Buy Foreclosed Properties in Pag-IBIG Under Negotiated Sale

The whole process of buying a foreclosed house and lot in Pag-IBIG can seem overwhelming. Here’s how to buy Pag-IBIG foreclosed properties under negotiated sale.

1. Reserve the Foreclosed Property

Go to the Pag-IBIG officer in charge of the sale of the acquired asset and present the following Pag-IBIG foreclosed properties requirements to make the reservation:

  • Two original copies of the accomplished and signed Offer to Purchase (HQP-AAF-212)
  • Photocopy of valid ID, back to back, with three specimen signatures (company ID, passport, UMID, driver’s license, etc.)
  • Photocopy of proof of income (for long-term installment mode of payment)

To reserve your chosen property, fill out the Reservation Form and Offer to Purchase Form, where you'll indicate your preferred mode of payment. 

You may purchase through cash, installment, or Pag-IBIG housing loan. These payment modes have different discount rates. The shorter the payment term, the bigger the discount rate, as shown below. 

Payment Mode Discount Rate Payment Term
Cash 30% 30 days
Installment 20% Up to 12 months
Long-term installment (Pag-IBIG Housing Loan) 10% Up to 30 years (Borrower’s age shall not exceed at the loan maturity date.)

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

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

This is an additional step for buyers purchasing a foreclosed property through a Pag-IBIG housing loan.

Within 30 calendar days of paying your reservation fee, submit all the required documents to the Pag-IBIG office.

📌 Basic Requirements

  • Two copies of the accomplished Buyer’s Information Sheet with a 1x1 ID photo attached to each form
  • Photocopy (front and back) of valid ID of principal buyer and spouse, co-buyer and spouse, if applicable
  • Proof of income (any of the following):
    • Local employees: Notarized certificate of employment and compensation / Latest one-month payslip / Latest ITR
    • Self-employed: 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 / Certificate of engagement
    • OFWs: Employment contract / Certificate of employment and compensation / ITR filed with host country/government

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

3. Receive the Notice of Approval of Loan

If your housing loan is approved, you'll be issued a Notice of Approval of Loan and Disclosure Statement on Loan Transaction. Pay the one-year advance insurance premiums within 30 days of receiving these documents.

4. Sign and Submit Mortgage Documents

Submit a signed and notarized Deed of Conditional Sale and other mortgage documents certifying your Pag-IBIG Fund housing loan.

5. Make Your Payment

Cash purchase: Pay the property's net selling price in full within 30 calendar days from your reservation date.

Installment purchase: Pay the net selling price in 12 monthly installments.

Purchase through housing loan: Start making monthly amortization payments after 30 days from the loan takeout date. Use the Pag-IBIG housing loan calculator to compute your monthly amortization.

Read more: In-House vs Bank vs Pag-IBIG: Which is the Best Home Financing Option?

4 Tips on Buying a Pag-IBIG Acquired Asset

pag-ibig acquired assets - tips on how to buy foreclosed properties in pag-ibig

☑️ Inspect the Property First

Before you make a reservation or purchase properties for sale/properties under negotiated sale or public auctions, be sure to visit the unit to check for structural damage and anything that needs fixing. Verify the provided information on the property, such as its lot and floor area.

Assess the property's environment (i.e., Is it a safe and peaceful community? Is it prone to flooding?) and accessibility to public transport, malls, schools, hospitals, etc. You may visit the property with an engineer or real estate expert to help you evaluate the property and identify the necessary repairs and improvements.

Proceed with the bidding or reservation of the property only when you're sure it meets your requirements.

☑️ Be Personally Present During the Reservation

The Pag-IBIG Fund requires the buyer's appearance when reserving an acquired asset. Buyer's appearance is still required for reservations under real estate agents or brokers. Pag-IBIG accepts the Special Power of Attorney only if the principal buyer is an OFW currently abroad.

☑️ Transact with Pag-IBIG Employees Only

Beware of fixers and fake agents or employees of the Pag-IBIG Fund. Make your payments only in the Pag-IBIG office. Even agents and brokers are prohibited from collecting or accepting payments for the purchase.

☑️ Avoid Occupied Properties

The Pag-IBIG Acquired Assets page specifies which foreclosed properties are occupied or vacant. Buying or bidding on an occupied property can cause trouble later if the occupants refuse to vacate it.

Check out other articles on housing:

Final Thoughts

Buying a property is a significant financial commitment. If you want to put your hard-earned money to good use, consider acquiring a Pag-IBIG foreclosed property.

Pag-IBIG acquired assets are a worthy investment for homebuyers and real estate investors in the Philippines. You can find the perfect property at your desired location within your budget if you understand the bidding process or how to buy foreclosed properties in Pag-IBIG. 

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Venus has almost 20 years of combined experience in content marketing, SEO, corporate communications, and public relations. Most of her career was spent creating informative articles on personal finance and digital marketing. She also invests in stocks, mutual funds, VUL, and Pag-IBIG MP2. Venus graduated cum laude with a Journalism degree from the University of the Philippines Diliman. A hardcore Hallyu Tita, she loves bingeing Korean shows on Netflix while bonding with her cats. Follow Venus on LinkedIn.


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