Pag-IBIG Offers Discount on Foreclosed Properties

The Home Development Mutual Fund, commonly known as Pag-IBIG Fund, is ramping up the sale of foreclosed homes, putting thousands on the market at lower prices to help more Filipino workers achieve affordable homeownership.

- By MARCO LUIS BEECH

Pag-IBIG CEO Marilene Acosta said the nationwide "Acquired Assets Super Sale" not only makes housing more affordable but also strengthens the security of tenure for thousands of Filipino families.

"This is also the best time for current occupants of our foreclosed properties to settle with Pag-IBIG Fund and become legitimate homeowners," Acosta said.

"We will issue them with invitations to purchase or lease the property they currently occupy, so that they can legalize their tenure and finally gain peace of mind in having a home to call their own," she added.