The Home Mutual Development Fund (Pag-IBIG) announced that it has over 400 acquired assets in Western Visayas available for those interested in owning a home.
Wilmer Lirazan, Pag-IBIG Bacolod business housing center department head III, said the housing units are in Capiz, Iloilo, Antique, Aklan, and Negros Occidental.
These are foreclosed accounts after the member or owner did not apply for loan structuring or any other program to pay for the housing unit.
“Pag-IBIG Fund does not have a choice but to sell them through acquired assets for disposal. We sell on an as-is-where-is basis,” Lirazan said during the Kapihan sa Bagong Pilipinas forum.
He assured that Pag-IBIG fund will appraise the property based on the condition, which is “very reasonable.”
He added that buying acquired assets from Pag-IBIG is one of the fastest options for owning a home.
“These are ready houses. Every week, we offer units and inventories that are available,” he said, adding that Pag-IBIG will even help buyers in case there is still an occupant in their chosen unit.
Lirazan said they are currently promoting the online public auction (OPA), where interested buyers can register to get their buyer’s identification from the comfort of their homes.
They can add to the cart the property they would like to bid on, he added.
He said winners in the public auction would be required to pay a five percent downpayment and the remaining 95 percent through cash, a one-year installment, or a housing loan.
Meanwhile, Pag-IBIG has released over P13.28 billion in loans for end-user financing, and P716.3 million for socialized housing loans in Western Visayas from July 2022 to Sept. 30 this year.
Gina Lanceta, manager of the Pag-IBIG Fund Mandurriao branch, encouraged employers to enroll with the virtual Pag-IBIG interface for easy online transactions.
She also urged agencies with job orders to enroll their workers with Pag-IBIG because they also cover self-employed, informal income earners, overseas Filipino workers, and even village officials.PNA
