What Acquired assets can be Purchase in Philippines?

In the Philippines, acquired assets refer to properties that have been repossessed by banks, government financial institutions, or government housing agencies due to non-payment of loans or other reasons. These acquired assets are often sold in the market at discounted prices. Here are some types of acquired assets available for purchase in the Philippines:

  1. Foreclosed Properties: These are properties that have been taken over by banks or financial institutions due to default on mortgage payments. Foreclosed properties can include residential houses, vacant lots, condominium units, or commercial buildings.

  2. Tax Delinquent Properties: These are properties that have been seized by the government due to non-payment of real property taxes. These properties are usually sold through public auctions or negotiated sales.

  3. Government Housing Program Units: Government housing agencies, such as the National Housing Authority (NHA) and the Social Housing Finance Corporation (SHFC), offer affordable housing units under various housing programs. In some cases, units that have been foreclosed or surrendered by borrowers are made available for purchase.

  4. Repossessed Vehicles: Acquired assets can also include repossessed vehicles, such as cars, motorcycles, or trucks, which are sold by banks or financing companies at auctions or through negotiated sales.

  5. Seized Properties: Properties that have been seized by government agencies due to illegal activities, such as drug-related cases or smuggling, may also be made available for sale to the public.

Here at pagibig.info, we provide list of acquired assets in the property sector which could include house and lots or lots only. Take advantage of the lists give here as we regulary update our list for the latest listings from PagIbig website.


You can also try our other listings in Acquiredassets.ph, forecloseproperties.info and repocars.ph

Date Published: Jun 24, 2023