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Pag-IBIG offers huge discounts to buyers of foreclosed homes

  • Writer: Balitang Marino
    Balitang Marino
  • 2 days ago
  • 2 min read

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MANILA, August 31 ------ More than 30,000 foreclosed properties of the Pag-IBIG Fund are up for grabs as the agency launches its super sale on acquired assets. Properties are on an "as is, where is" basis and discounts can go as high as 40 percent as part of the agency's initiative under the Expanded Pambansang Pabahay para sa Pilipino (4PH) Program.


The discount sale aims to expand access to ready-for-occupancy homes for Filipino workers. Under the program, which begins today, August 25 until December 14, 2025, there is a 40 percent discount on occupied units and up to 35 percent on unoccupied units, creating more affordable homeownership opportunities for Filipino workers.


According to Pag-IBIG Fund, current occupants of foreclosed properties are also allowed to legitimize ownership at a lower cost. "For example, for occupied properties under negotiated sale, cash purchases now receive 40 percent off, up from 30 percent. Short-term installment payments come with 30 percent discounts, up from 20 percent, while purchases through Pag-IBIG housing loans are now offered at a 20 percent discount, double the previous 10 percent," according to the agency in a statement. "Unoccupied properties have also become more affordable, with discounts raised to 35 percent for cash buyers, 25 percent for short-term installment buyers, and 15 percent for those using Pag-IBIG housing loans," added Pag-IBIG Fund.


The properties are available through the Pag-IBIG website, but potential buyers are also advised to personally check the property before offering a bid price. Current occupants of acquired assets or foreclosed properties will be issued invitations to purchase or lease the property they currently occupy, so that they can legalize their tenure and finally gain peace of mind in having a home to call their own. And, if they are unable to purchase the property even with the discount, they may still opt to lease the property for up to three years.


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