If you avail of Pag-IBIG housing loan to finance a foreclosed property, you'll have lower monthly amortizations. This enables you to afford a home if you don't have enough money to purchase a brand-new property. Purchasing a foreclosed property from Pag-IBIG makes financial sense for two reasons.įirst, Pag-IBIG acquired assets are sold at prices below the market value.
Should I Buy an Acquired Asset from Pag-IBIG? If the sale via auction fails for a certain property, it is then put up for negotiated sale in which buyers can get as much as 30% discount. 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. It also offers this buy-back option to tenants who occupy and rent the foreclosed properties. The Pag-IBIG Fund normally gives delinquent borrowers a chance to buy back their foreclosed property when they default on their payments. What are Pag-IBIG Acquired Assets?Ī Pag-IBIG acquired asset is a property that's foreclosed because the original owner who availed of Pag-IBIG housing loan failed to pay the monthly amortizations. Interested in buying an acquired asset from Pag-IBIG? Here's everything you need to know about Pag-IBIG Fund acquired assets to make an informed buying decision. Pag-IBIG acquired assets are ideal for both low-income earners who want to own an affordable home and real estate investors who want to maximize their returns.
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