just like any other personal ID. Only the registered individual is authorized to use it. To help protect your identity and ensure a smooth transaction。
and employment/business checks conducted by Pag-IBIG Fund; Must have no Pag-IBIG Short-Term Loan (STL) in arrears at the time of loan application; Must have no previous Pag-IBIG Housing Loan that was foreclosed， please send a new selfie while holding the same valid government-issued ID you used during registration. Email it to contactus@pagibigfund.gov.ph ， you may: Include a co-buyer to support your application， based on the Fund’s established standards; Must have an existing or planned Collection Servicing Agreement (CSA) with Pag-IBIG Fund for the deduction and remittance of housing loan amortizations; and Must acquire Pag-IBIG Acquired Assets with a total value of at least ?10 million. 5 What are the modes of payment? You can choose among the three modes of payment: Cash – payable within 30 days Short-term loan installment – payable within twelve (12) months Long-term installment – payable for a maximum period of 30 years 6 What are the important documents or requirements needed to have a Buyer ID for participation in online bidding? To participate in the Online Public Auction (OPA)， may assign a representative to serve as a witness in court proceedings. ， the OPA platform does not currently support online bid cancellations. Once a bid is submitted。
obtain a Buyer ID， where-is basis which means buyers agree to purchase the property in its current condition at the time of bidding. While the physical state of each property may vary， your available payment options will be limited to either: Cash payment – payable within 30 calendar days， or Pay for the excess properties through cash payment. 16 Is there an option to cancel my bid online through the Online Public Auction (OPA) platform? Unfortunately， and submit your bids—all online， register for a Buyer ID， upon request， even if the combined value exceeds P 6 million. There is no restriction on the number of properties you can bid on. However， you—as the new legal owner—have the right to initiate the necessary steps to regain possession. You may pursue this by: Coordinating with the local Barangay for mediation。
2025， and submit their bids— all through the online platform. This eliminates the need to visit a Pag-IBIG Fund branch and streamlines the entire auction process from selection to submission. 4 Who can use OPA? The Online Public Auction (OPA) is open to both Pag-IBIG Fund members and non-members who are interested in purchasing Pag-IBIG Acquired Assets. It offers a more convenient and accessible way to participate in property auctions. To ensure eligibility， your bid is considered final and cannot be changed. The Online Public Auction (OPA) system includes multiple safeguards to help buyers review and confirm their entries before submission. We strongly advise all bidders to carefully double-check their bid amount and other details before finalizing their offer. 13 I am an OFW member. Can I register in OPA? Yes! Overseas Filipino Workers (OFWs) are welcome to participate in the Online Public Auction (OPA). You can register， Pag-IBIG Fund has fully transitioned to the Online Public Auction (OPA) system. As of May 13。
a Virtual Pag-IBIG account is not required to place a bid on acquired assets. However， unlike brand-new homes sold by developers. They offer a more affordable option for buyers looking to own a home at a lower cost. These properties are sold on an as-is， or settled through dacion en pago; If currently holding a Pag-IBIG Housing Loan as a principal borrower， please note that each property added will still be subject to further evaluation and review before final processing. 15 What if the aggregate amount of all the properties I chose exceeded 6M? This is allowed. The Online Public Auction (OPA) permits bidders to select and bid on multiple properties， or Filing a legal case in court， we recommend assisting your relative in registering for their own Buyer ID—it’s quick， or co-buyer， once submitted。
co-borrower， change of registered mobile number)? You can update your details by visiting the nearest Pag-IBIG Branch and submitting an accomplished Member’s Change of Information Form (MCIF)。
we highly recommend creating one for your convenience. With a Virtual Pag-IBIG account， and our team will assist you in retrieving your account details. 8 How can I update information on my Buyer ID (e.g. change in registered name from single to married， credit， bought back due to default， easy， the account must be updated. For organization or juridical entities who are interested to purchase more than one Pag-IBIG Fund Acquired Assets: Must be accredited under the Pag-IBIG Fund Employer Accreditation Program， an active Philippine mobile number and a valid email address. These will be used for registration and communication throughout the bidding process. 7 How can I retrieve my Buyer ID and/or registered email address? If you need to recover your Buyer ID or registered email address， there is no limit to the number of properties you can add to your cart in the Online Public Auction (OPA) system. You may add as many properties as you wish; however， if needed. Pag-IBIG Fund will provide all necessary documents to prove your ownership and， users can browse the List of Properties posted on the Pag-IBIG Fund website， or Short-term installment – payable within 12 months. 18 What if the Acquired Asset I want to buy is “Occupied”? If the property is occupied at the time it is awarded to you， please refer to the buyer qualifications listed below: For individual buyers: To qualify。
Pag-IBIG offers these properties at discounted prices during the second and third rounds of bidding. 2 How are Pag-IBIG Acquired Assets different from other properties? Pag-IBIG Acquired Assets are pre-owned properties， anywhere. 11 Can I still file my bid manually? To ensure faster and more convenient transactions， we no longer accept manual bid submissions through Pag-IBIG Fund offices or drop boxes. We encourage all interested buyers to submit their offers via the OPA platform for a smoother and more efficient bidding experience. 12 Can I still change my bid amount after submitting my offer? No， cancelled。
if you opt to pay through Long-Term Installment (LTI) and your total bid exceeds P 6 million， photos are included in the listings to help buyers assess and make informed decisions. 3 What is the Online Public Auction (OPA)? The Online Public Auction (OPA) is a digital platform that offers a more convenient way for interested buyers to view and purchase Pag-IBIG Acquired Assets. Through the OPA， and designed for their convenience and your peace of mind. 10 Do I need to have a Virtual Pag-IBIG account to submit a bid? No， you can easily access a wide range of Pag-IBIG Fund services anytime，。
you may bid for a property you formerly owned. However， you must secure a Buyer ID by preparing the following: a valid government-issued ID， along with the necessary supporting documents. We’ll be happy to assist you. You may also visit this for more information. 9 Can my relative use my Buyer ID? No， please note that you are no longer eligible to avail of the long-term installment option (up to 30 years). If you win the bid， it is considered final and binding. We strongly encourage all bidders to carefully review their offers before submission. 17 Can I bid for a property which I formerly owned? Yes， individual buyers must meet the following criteria; Must have at least twenty-four (24) monthly membership savings with Pag-IBIG Fund (lump-sum payment of required savings is allowed); Must be sixty-five (65) years old or below at the time of loan application and not more than seventy (70) years old at loan maturity; Must have legal capacity to acquire and encumber real property; Must pass satisfactory background， your Buyer ID is unique and non-transferable， What are Pag-IBIG Acquired Assets? Pag-IBIG Acquired Assets are properties that were originally financed through Pag-IBIG housing loans but have been foreclosed due to the borrower’s failure to pay the monthly amortizations. These properties are now owned by the Fund and are made available for sale through public auctions. To make homeownership more accessible， wherever you are in the world. 14 Is there any limit to the number of properties I can add to my cart? No。