How to bid or buy a PAG-IBIG Acquired or Foreclosed Property this Pandemic

With the Philippine real estate boom, there are a lot of options for property investments. Prices are high nowadays and some homebuyers consider getting foreclosed properties for better deals and purchase a property for a lesser price.

Foreclosed Properties are acquired properties being sold by the lending institution or bank to recover the defaulted loan taken out by its previous owner.  You will find foreclosed properties available for sale in Banks and on the Pagibig HMDF website.

The PAG-IBIG Home Development Mutual Fund (HDMF) is a Philippine government-owned and controlled corporation that provides affordable house financing for Filipinos.

How do you bid for Pag-IBIG Foreclosed Properties this Pandemic?


Check out the list of Foreclosed Properties

Pag-IBIG releases the list of available foreclosed properties for bidding on their website. Visit the Pag-IBIG Fund website and click on Properties for Sale.  You will find announcements and updates about acquired properties. Check the listings from the location where you want to bid.

1] Properties Under Negotiated Sale
2] Properties Under Public Auctions (No Discount)
3] Public Auctions (With Discount)

Visit & check the property personally

Once you identified the property to bid for, visit the site personally. Visit and locate the property first before making a bid. That way, you will see the actual condition of the property you want to acquire. The listing from the website will tell you whether the property is occupied or not. If it is occupied, you may not be able to see the interiors of the property or go near it though. Also, remember if you win the bidding, you buy the property as-is. Pag-IBIG does not disclose any damage, history, or renovation needs.

READ: Foreclosed Property – Why people are buying these cheaper properties

Submit Offer to Purchase


Pag-ibig bidding is a closed type of bidding. Meaning, you cannot bid for more just to outbid the winner. You will only know how much your competitors bid for the property during the bidding session (or during the announcement of winners already) and you cannot edit the amount you placed.

The list from Pagibig will give you the minimum bid amount. You can choose to bid for the same price listed or go slightly higher. Complete the OFFER TO BID form and Acknowledgement.

READ: PAG-IBIG | Why is my property tagged as foreclosed?

Buyer must accomplish and submit an Offer to Purchase indicating the preferred mode of payment in a sealed envelope. You will need to submit the amount of your bid in cash or check on the day of the bidding. If you lose, you can get it back the day after. You will find all the information you need for the Offer Purchase, dropbox & the schedule of the bidding session on the Pag-IBIG website. Drop the sealed envelope in a dropbox according to the schedule. Cut-off time for submission of offer/s is at 5:00 p.m. After the cut-off, no more offers will be accepted from unregistered buyers after the cut-off time and date.

After selecting a property from the list and submitted Offer to Purchase (OTP) to Pag-IBIG Fund in a sealed envelope, you will then wait for the announcement of bid winners. The determination of winning bidders shall be monitored by a representative from Commission on Audit (COA). Attendance of the bidder/s in the venue is not required.

The bidder who offers the highest bid shall be declared as the winner. The result of the sealed public auction shall be released and posted on the Pag-IBIG Fund’s official website at

Any notification sent by Pag-IBIG Fund through email or SMS shall be sufficient compliance to the notification requirements and presumed to be deemed received by the buyer. In this regard, the Bidder shall ensure that the contact number and email address indicated on the Offer to Bid are active. The bidder shall inform Pag- IBIG Fund immediately of any changes on his/ her contact number.

The winning bidder is required to pay his/ her BID BOND equivalent to five percent (5%) of the BID OFFER and shall be paid within 3 working days after the publication of the winning bidders. It shall be in Philippine Currency and maybe in the form of cash or manager’s check payable to Pag-IBIG Fund. It shall likewise serve as the down payment of the winning bidder. Bidders must check the results from the website.

For the remaining 90% of the price, You have the option to pay it in;

  1. Spot cash
  2. Short term Loan: Monthly installment of the entire amount for 12 months plus interest
  3. Long Term Loan: Payable up to 30 yrs monthly amortization (with conditions)

READ: 5 Simple Guidelines In Purchasing A Foreclosed House

This is the new guidelines of buying foreclosed properties through Pagibig HDMF this pandemic. Guidelines may change from time to time. Please visit their official website for a more updated guidelines in buying foreclosed properties or acquired properties for sale.