Are you planning to buy your own house and lot where you and your family can stay for good? Or are you considering to invest in real estate to earn additional income?  

Either way, this article might help you find the best property depending on your needs.

• Pag-IBIG Foreclosed Properties – September 2018
• BDO Foreclosed Properties For Sale

Pag-IBIG Fund holds a monthly public auction of foreclosed properties not only in the NCR but also in different regions in the Philippines.

What’s good about these acquired properties is that they are being sold at a much cheaper price. But of course, you have to personally check and inspect the property before you join the bidding so that you know the actual condition of the unit or if there are still occupants. 

Check out the schedule of the public auctions of Pag Ibig foreclosed properties this July 2018.

Pag-IBIG NCR Branch

A total of 907 Pag-IBIG foreclosed properties in Cavite, Batangas, Bulacan, Laguna, Metro Manila and Rizal will be available for sale through a sealed public auction at the 7^th Flr. JELP Business Solutions Center, 409 Shaw Blvd. Mandaluyong City.

Schedule: 

Day 1 – July 4, 2018 (Wednesday)

• 519 acquired assets in Cavite areas will be available for sale.

Day 2 – July 5, 2018 (Thursday)

• 388 units in Metro Manila, Batangas, Bulacan, Laguna, and Rizal areas will be available for sale.

Available Properties include the following:

• PRIME PROPERTIES
  • Campo Verde Subdivision
  • Northridge Grove Subdivision
  • Mabuhay City Subd Cabuyao
  • Sta Rosa Garden Villas III
  • Kingstown Subd
  • Madison Manor Condominium Complex
  • Camella Homes Subd
  • Sunny Villas
  • Estrella Heights
• LOT ONLY
  • Smile Citihomes
  • Olivarez Condominium
  • Valenzuela Ville Condominium
  • Flora Vista
  • Woodbridge Subdivision
  • Town & Country Southvill
  • Camella Homes Woodhills Annex
  • St Monique Valais
• SINGLE DETACHED
  • Blue Isle I
  • Sarmiento Homes
  • Northridge Heights
  • Crystal Ville
  • St Joseph Village 6
  • San Lorenzo South
  • Eastwood Residences
• SINGLE ATTACHED
• DOUBLE ATTACHED 
• TOWN HOUSE 
  • Villa Zaragosa
  • Deca Homes
  • Lakeside Nest
  • St Joseph Village
  • Celestine Ville Subdivision
  • Kingstown II
  • Balite Housing Project
  • Sunshine Fiesta
• DUPLEX 
  • Laguna Buenavista Exec Homes
  • Kingstown Subd
  • Alfonso Homes II
  • Prime Rose Hills Subd.
  • Sunflower Homes
• QUADRUPLEX 
  • Willow Bend
  • Carissa Homes East-Bagumbayan
  • Blue Isle
  • Evergreen Heights Subdivision
  • Melody Plains
  • Sarmiento Homes
  • Northwinds City
  • Kabahay Guro
  • Deca Homes
  • Woodbridge
  • Belmont Parc Village 
  • Las Palmas Subd
  • Extraordinary Homes
  • Mabuhay City Subd
  • Celestine Homes
  • St Joseph Village
• ROW HOUSE
  • Northridge Grove Subdivision
  • Blue Isle I
  • Melody Plains

Good news! 

If you want to join the public auction of Pag Ibig acquired properties WITH DISCOUNT, you may visit the Pag Ibig NCR branch on July 25 and 26, where 752 foreclosed properties will be auctioned out.

Pag-IBIG La Union Branch

A total of 48 Pag-IBIG foreclosed properties in the northern part of the Philippines will be available for sale during the public auction on July 12, 2018 at the 3rd Floor CB Mall Bldg., Nancayasan, Urdaneta City.

Available properties include lots only and house and lots.

Below are the locations of some of the Pag-IBIG acquired properties: 

• NORTH FORBES SUBDIVISION, CATBANGEN, SAN FERNANDO CITY, LA UNION
• EUFROSINA HEIGHTS SUBD., BIDAY, SAN FERNANDO CITY, LA UNION
• ALPAVILLE SUBDIVISION, SOBOL, SAN FABIAN, PANGASINAN
• DOÑA MARIA LOURDES SUBD., SAN PEDRO ILI, ALCALA, PANGASINAN
• DOÑA OLYMPIA RURAL HOMES, STO. DOMINGO, URDANETA CITY, PANGASINAN
• JEWELVILLE SUBDIVISION, ANOLID, MANGALDAN, PANGASINAN
• PINEWOOD VILLAGE, BANDING, POZORRUBIO, PANGASINAN
• RICHMANS VILLE, POBLACION, MALASIQUI, PANGASINAN
• SOPHIA HOMES, PINMALUDPOD, URDANETA CITY, PANGASINAN
• URDANETA MANORS, BAYAOAS, URDANETA CITY, PANGASINAN
• VILLA STO. TOMAS, POBLACION WEST, STO. TOMAS, PANGASINAN

Pag-IBIG Davao Branch

There are 2 schedules of public bidding of Pag Ibig foreclosed properties in Davao. 

• Day 1 – July 20, 2018 at the House of Fabians, No. 1012 Corner Burgos Sts. and Corregidor St. Digos City
• Day 2 – July 19, 2018 at the Jollibee-Bajada (in front of LandCo) JP Laurel Avenue Davao City

Pag-IBIG Tuguegarao Branch

Public bidding of Pag Ibig foreclosed properties in Tuguegarao will be held on: 

• Day 1 – July 17, 2018 at 3rd floor, Conference Room, Editha Tuddao Building, Balzain Highway, Tuguegarao City, Cagayan.

GENERAL GUIDELINES:

1. Secure copies of the following documents from the office of the Acquired Assets Management or you may download the forms at the Pag-ibig website:

• OFFER TO BID (HQP-AAF-103)
• INSTRUCTION TO BIDDERS (HQP-AAF-104)

2. Foreclosed properties are for sale on an “AS IS WHERE IS” basis.

3. Bidding Terms

• Bid Offer shall not be lower than the minimum bid set by the Fund

a. Bidder’s Bond – 10% of the BID Price, which also serves as the down payment of the winning bidder. It can be in Cash or Manager’s Check issued by any commercial bank and payable to Pag-IBIG FUND.

• The 90% Bid Offer Balance can be paid through any of the following mode of payment:

a. Cash

b. Installment Basis

c. Pag-IBIG Housing Loan

• Bidders shall be present at the opening of bids which commence from 12:01 PM until completion.
• Declared WINNER is the bidder who offers the highest bid
• Once the bidding winner has been declared, Non-winning bidders’ bid bonds will be returned immediately with acknowledgement receipt.

4. Effective April 2, 2018 reservations will be accepted upon presentation of any of the following documents:

• Employed – Latest 1 month payslip
• Self-employed – Brgy./Business Permit/ITR
• OFW – Active Contract/Latest CEC

5. Don’t give your payments to Brokers and Agents as they are NOT ALLOWED to accept or collect any payments relative to the reservation or down payment for the purchase of acquired assets.

For more info about Pag Ibig Acquired Properties:

• you may visit the Pag-ibig website 
• visit the Acquired Assets Management Office
• contact Ms. Rosciel A. Briones or Ms. Elizabeth Romance at (02) 654-1398 
• or send your inquiries via email to aad_ms@pagibigfund.gov.ph

Is it a good idea to purchase a Foreclosed Property? 

Foreclosed properties are a good opportunity for aspiring home owners and also investors. However, you have to be very careful when buying foreclosures. You must do you homework by researching about the property and inspecting it personally. 

It’s important to inspect the foreclosed property because you might come across some issues when you already have the property. 

For example, you got the property for a very cheap price and you thought it was a bargain. However, when you checked the actual property, you found out that some walls or parts of the house might need costly repairs that can quickly eat up your savings. 

Or worse, the property still has occupants who refuse to vacate the unit where they used to live and think that it’s still theirs and nobody can take it away from them. 

So, again, do your research. Check the actual foreclosed property before you join the bidding. 

Good luck and I hope you find the right and perfect property for you!