Announcement by Pag-IBIG

Please be advised that a new process to purchase an acquired asset (Foreclosed Properties) through Negotiated Sale shall be implemented effective, SEPTEMBER 30, 2019.

-The list of the properties for negotiated sale may be viewed at Pag-IBIG Fund website. Please take note of the Publication Batch No., Start/End Time and Date of Acceptance of Offer.

-Interested buyers are encouraged to inspect their desired property/ies to purchase prior to submission of offer/s.

-On the scheduled date of submission of offer, buyer shall register at the acquired asset frontline counter servicing at the start of the acceptance period.

-Buyer must accomplish and submit an Offer to Purchase indicating the preferred mode of sale and payment in a sealed envelope. Then drop in a designated drop box.

-Dropping of sealed envelope in a drop box is according to scheduled date.

-Cut off time for submission of offer/s is at 5:00p.m. After cut off time, registration of buyers shall be closed.
NO more offers shall be accepted from unregistered buyers after the cut-off time and date.

-The opening of sealed envelopes shall be done on the date, time and place stated in the Invitation to Submit Offer to Purchase

“RESERVATION FEE SHALL BE ACCEPTED ONCE DECLARED AS THE HIGHEST PURCHASE OFFEROR OR WINNING BUYER.”

-Acquired Assets will NO LONGER accept reservations thru Accredited Brokers effective September 30, 2019.

-Interested buyers may coordinate directly to Acquired Asset Management Group or at nearest Housing Hubs. Please be guided accordingly.