How can I avail Pag-IBIG foreclosure house and lot?

How to Buy Pag-IBIG Acquired Assets Under Negotiated Sale

  1. Reserve the Foreclosed Property.
  2. Submit the Requirements for Purchase (For Housing Loan Only)
  3. Receive the Notice of Approval of Loan.
  4. Sign and Submit Mortgage Documents.
  5. Make Your Payment.

How many months will Pag-IBIG foreclosed the property?

How many months before they declare my property foreclosed? Non-payment of your monthly amortization for 3 months, your account will already be tagged as foreclosed.

What happens when a house is foreclosed by Pag-IBIG?

When a person fails to repay their Pag-IBIG loan, the property they purchased is foreclosed and put up for public auction for Pag-IBIG to recoup their losses from the unpaid loan. These properties are put on public bidding at a price lower than their actual market value.

How can I buy a house and lot with Pag-IBIG?

6 STEPS IN HOUSING LOAN AVAILMENT

  1. START PAYING YOUR Pag-IBIG HOUSING LOAN.
  2. COMPLETE THE REQUIREMENTS TO APPLY FOR A Pag-IBIG HOUSING LOAN.
  3. SUBMIT YOUR Pag-IBIG HOUSING LOAN APPLICATION.
  4. RECEIVE YOUR NOTICE OF APPROVAL (NOA) and LETTER OF GUARANTY (LOG)
  5. COMPLETE THE REQUIREMENTS STATED IN YOUR NOTICE APPROVAL.

Can I buying a lot through Pag-IBIG?

Now, the good thing about the Pag-IBIG housing loan is that can be used to finance not only your house and lot, townhouse or condominium purchase and construction but also even your home improvements.

How do I buy a foreclosure in the Philippines?

In the Philippines, the best way to find foreclosed properties is through going to banks, lending institutions, government financial institutions, and the National Housing Authority. These institutions are mostly the ones who offered loans to previous property owners before foreclosure.

What will happen if you don’t pay your pag-ibig loan?

Regardless of the mode of settlement, unpaid amount due and demandable shall be subject to a penalty of 1/20% of 1% for every day of delay.