ILOILO City – Pag-IBIG Fund has put over 400 acquired assets up for sale in Western Visayas, offering affordable and quick options for homebuyers.
The properties, located across the provinces of Capiz, Iloilo, Antique, Aklan, and Negros Occidental, are foreclosed assets from owners who could not continue payments or did not apply for loan restructuring options.
According to Wilmer Lirazan, head of the Pag-IBIG Bacolod Business Housing Center, the properties are available on an “as-is, where-is” basis, with pricing appraised based on each home’s current condition.
“For those eager to own a home, we have a wide inventory of acquired assets in Pag-IBIG Fund, with over 400 properties ready for sale in Western Visayas. Listings can be found on our website,” he said.
Pag-IBIG holds weekly Online Public Auctions (OPA), allowing buyers to select homes conveniently from any location. Both members and non-members of Pag-IBIG are eligible to participate.
“We are actively promoting our online public auction, making it easier for buyers. Previously, participants needed to place bid offers in person, but now it’s a streamlined process with OPA. From the comfort of your home, you can register, get a buyer’s ID, and add your chosen property to the cart,” Lirazan said.
Successful auction bidders are required to pay a five percent down payment, with the remaining 95 percent payable through cash, a one-year installment, or a housing loan.
Pag-IBIG’s move aims to make homeownership more accessible to families across the region seeking affordable housing options./PN
