How To Bid On Foreclosed Real Estate

“Do you have a list of Pag-IBIG foreclosed properties in Cavite area? Please send me a copy. I’m interested to buy.” That was from an email we received a long time ago from one of the website visitor. Our usual response to such kind of query is to refer them to the Pag-IBIG Branch in-charge [...]

Home Loan Restructuring Program

It all started with delayed or missed payments against the home loan obligation. Those who have been granted a Housing Loan by the Pag-IBIG Fund should be aware that three (3) missed payments on the monthly amortization could lead to foreclosure — a sort of disaster. What would you do if your property is on [...]

Foreclosure Properties — To Buy Or Not To Buy? (Part 2 of 2)

This is the second of a two-part article series on Pag-IBIG Foreclosure. Here we’ll talk about why foreclosure happens and some useful tips on buying foreclosure properties, more specifically, Pag-IBIG foreclosed properties. (In case you missed Part 1, follow this link.) Why Foreclosure Happens? There are endless reasons why foreclosures occur, but basically they all [...]

Foreclosure Properties — To Buy Or Not To Buy? (Part 1 of 2)

In one of the past articles posted on this website, I warned first time Pag-IBIG Home buyers to avoid buying foreclosure properties or even those which are for assume. I reasoned that many of these properties are so problematic to the point of being useless. Well, they are not really useless if you know what [...]

Mortgage Loan Fundamentals

Real estate properties are seldom bought on spot cash. The vast majority are purchased with a little down payment and mortgage loans on the balance. A mortgage loan is a form of secured financing; that is, the lender gives you the needed financing and in return you pledge the property as collateral. In a mortgage [...]