Pag-IBIG Acquired Assets Or Foreclosed Properties And How To Buy Them

Buying Pag-IBIG acquired assets is a more budget-friendly and easy option to finally own your dream home.

Pag IBIG Acquired Assets

This program is offered by the Home Development Mutual Fund or more commonly known Pag-IBIG Fund. It allows them to earn back the housing loans they provided to delinquent borrowers. In turn, this makes it an option for property seekers looking to own a property at a much cheaper price.

Get to know the process of buying acquired assets in this guide.

What are Pag-IBIG acquired assets?

Pag-IBIG acquired assets are properties taken over from the borrowers who failed to meet their Pag-IBIG housing loan repayment plans. These assets are then considered foreclosed properties. This results in three scenarios, all of which will generate income for the Pag-IBIG Fund.

First, Pag-IBIG has the right to place these properties in foreclosure. If the owners have been unable to pay the loan after a certain period and failed to negotiate, or the tenants did not buy the subjected property, Pag-IBIG will open them for public bidding—with no discount, to reclaim the loss from the unsettled loan.

Second, if no one buys the property from the non-discounted auction, Pag-IBIG will place the property again on another public bidding. This time, it will be offered at a discount, which starts at a cheaper price.

Third, should the auction fail to dispose of the property, it becomes an acquired asset. Then, Pag-IBIG will bring it under negotiated sale, where possible home buyers can get the property with a discount that can be as high as 30%.

Pros and cons of purchasing Pag-IBIG acquired assets


  • The price is more affordable compared to the value of properties currently on the market.
  • Aside from the low price, other discounts may be applied, depending on your payment structure.
  • Despite the difficulty, finding and owning a property in a strategic location is a valuable deal.
  • Real estate appreciates over time, making it a profitable investment, especially if you get the property renovated.


  • Since you are not the original owner, it may cause conflict with previous owners/occupants who refuse to vacate the property. 
  • If you don’t have the time and patience to go through the foreclosed properties that meet your qualifications, then this may prove difficult for you. 
  • The homes are auctioned with no changes or improvement; everything expense arising from repairs or improvement will come from your pocket. The term used to describe this is “as is, where is.” 

How to find Pag-IBIG foreclosed properties

To find out which properties are available under this program, you can go to any office and personally request for the list of Pag-IBIG acquired assets. The personnel in charge is from the Marketing and Sales – Acquired Assets Management Group.

To find the listings online, you can also check the official Pag-IBIG website under the menu tab labeled “properties for sale.”

There are two ways to buy these acquired properties: first is through public bidding, and the second one is through the purchase offer of properties under negotiated sale.

(Read: Pag-IBIG Housing Loan: The Complete Guide To Funding Your Dream House)

How to bid for Pag-IBIG foreclosed assets

You will need to go online to bid for a property acquired by Pag-IBIG. Follow these steps:

1. Go to the official website of Pag-IBIG Fund. On the menu located at the right of the logo, click on the tab called “properties for sale.” A page of acquired assets will appear, showing the three categories of foreclosed properties.

2. Scroll to the tabs referring to the upcoming public auction of either property with or without discounts. It includes the venue and date of the public bidding.

3. Click on the venue/date of the property you wish to bid for, and a PDF file called “invitation to bid” will pop up containing the guidelines for bidding. It also contains the list of properties to be auctioned off and the necessary information such as the location, type of housing, floor, lot area, appraisal date, minimum bid, etc.

4. Download the “invitation to bid” and follow the instructions attached in the PDF file.

(Read: A Complete Guide To Pag-IBIG Online Services)

Steps on how to buy Pag-IBIG foreclosed properties (under negotiated sale)

If you don’t want to join a bidding, you can also check the list of acquired assets for public sale. Here’s how:

1. Go to the official website of Pag-IBIG Fund. On the menu located at the right of the logo, click on the tab called “properties for sale.” A page of acquired assets will appear, showing the three categories of foreclosed properties.

2. Scroll to the tabs referred to as “properties under negotiated sale.” It contains the schedule per branch (the duration of acceptance and the opening of purchase offers) and the dropbox locations for an interested buyer to send their offers to purchase.

3. Below the schedule for each branch, you can find a link that allows you to see more details about the public sale.

4. By clicking it, you will see a PDF file containing the “invitation to submit offer to purchase” containing the list of properties under negotiated sale and the guidelines on how to buy them.

5. Pag-IBIG no longer accepts reservation from accredited brokers so before you make a purchase or reservation, you will need to personally inspect the property. This is for you to verify the details provided on the files and evaluate how much you need to fix or improve the house. It is also an opportunity for you to assess if the property is at a strategic location or prone to natural calamities. It’s best to get assistance from engineers or realty appraisers for these ocular inspections.

6. Complete the documentary requirements needed in buying properties in foreclosure:

  • Purchase offer form, duly accomplished
  • Valid IDs (both for principal buyer and authorized representative)
  • Special power of attorney or authorization letter (if the principal buyer is not present to send form)
  • Proof of income (for buyers who choose Long-Term Installment)

7. Attend the scheduled reservation in person. Real-time appearance is required by Pag-IBIG to ensure the security of offers, except if you are an OFW buyer currently outside the country. You need to present a special power of attorney for your representative. The authorized representative is limited to sending the offer form.

8. Submit the documents to the dropbox locations indicated in the PDF file attachment for reservation, indicating your chosen payment method.

9. The opening of purchase offer by Pag-IBIG depends on the date and time indicated in the website. Your approval will be sent through a text message.

To know more about the bidding, you can read this personal account of someone who has been through the whole Pag-IBIG housing loan foreclosed property application.

Read: (Pag-IBIG Housing Loan Application for OFWs: Make Your Dream Home A Reality)

What are the payment modes when buying properties in foreclosure from Pag-IBIG?

The three modes of payment are cash, short-term, and long-term installments:

By cash

With a 30% discount, the initial 5% of the property value should be paid, along with the reservation fee, and the total value should be paid within 30 days from signing the deed of conditional sale.

Short-term installment

With a 20% discount, the initial 5% should be paid, along with the reservation fee, and the total value should be paid within a year at an interest of 6.375%.

Long-term installment

With a 10% discount, the completed documents must be submitted within 30 days along with the processing fee of P2,000, advance 1-year insurance premiums, and documentary stamp tax.

How does a buyer’s contract get canceled?

If the approved buyers fail to pay any of the repayment plans for the reserved property—including the taxes, penalty, assessment, and interest—their contract will be canceled. In the event of rescission or cancellation of the contract, the Bangko Sentral ng Pilipinas (BSP) will take charge of the disposal or selling of the property (and improvements) to any interested individual.

If the contract gets revoked by the virtue of court order/decision, the buyer will receive the amount equivalent to the purchase price excluding the interest and broker’s commission. Any tax, improvement cost, and other expenses spent by the buyer in connection with the purchase will have no reimbursement.

In case the buyer admitted all the defects or flaws of the property and its title, the buyer foregoes the right for any assistance and BSP will return no amount.

We hope we answered all the initial things you need to know! For more information, you may refer to the Pag-IBIG official website.