Sunday, July 20, 2008

Revisiting 'MAGAANG PABAHAY, DISENTENG BUHAY' Guidelines

General Guidelines: 'MAGAANG PABAHAY, DISENTENG BUHAY'

1. Interested buyers must inquire/verify from the list in Pag-IBIG branches.

2. Visit the property to check status or condition.

3. Property is sold on 'AS IS WHERE IS BASIS' and 'FIRST COME FIRST SERVE BASIS'.

4. Selling price is based on LATEST appraisal value or purchase price per lease contract for Rent-to-own (RTO) account.

5. Mode of Payment is by CASH PURCHASE or purchase through HOUSING LOAN.

6. DISCOUNT of 20% (plus 5% LITIGATION DISCOUNT, if applicable) for cash purchase or DISCOUNT of 15% (plus 5% LITIGATION DISCOUNT, if applicable) for housing loan.

7. Deposit 5% of selling price (cash or manager's check upon submission of PURCHASE OFFER form.

8. Submit complete loan documents or full payment within 30 days from receipt of Notice of Approval/ Award of Sale for housing loan or cash purchase.

9. For housing loan, pay PhP1,000.00 processing fee (non-refundable) upon filing and remaining Php2,000.00 processing fee, equity requirement (if any) and one-year insurance premiums (SRI & Fire) within 30 days from receipt of Notice of Loan Approval.

10. Interest rate is fixed at 6% per annum.

11. Fill up 'Authority to Deduct' form for salary deduction.

12. Former owner may purchase on cash basis only with 20% discount.

13. If former owner-occupant, back rental must be paid.

14. Unsettled utility bills (water, power, etc.) shall be paid by the buyer.

For further inquiries, contact:
Acquired Assets Unit, Pag-IBIG Fund- Davao Branch Office
2/F Pryce Tower, JPLaurel Ave., Bajada, Davao City
(082) 224-4733 or +639189273170

or

Pag-IBIG Fund Gensan Branch Office
2/F RDRDC Bldg.
Santiago Blvd., General Santos City
(083) 552-7632

or

Pag-IBIG Fund Tagum Branch Office
2/F Ramos Bldg.
Arellano St., Tagum City
(084) 400-4698

or

Pag-IBIG Fund Cotabato Branch Office
6/F Cotabato Yu Ekey Marketing Bldg.
Don Rufino Alonzo St., Cotabato City
(064) 421-8510


6 comments:

kensrb78 said...

Bakit po meron 5% deposit ?(Guideline no.7)
Negotiable po ba ito?

jessica said...

Hey

Great blog… I recently bought my first house and I used blogs and websites like this one to find out more information on real estate in general. In fact in my search I found the guys at http://www.homeinspectionspecialist.com and they inspected my house. Not only their inspection was affordable but also detail and comprehensive. Anyways, thanks again and I look forward to all the updates.

Jessica

tagapagibig said...

Hey Jessica thanks likewise. Will try my best to update... Congrats on your new house.

tagapagibig said...

Hey kensrb78, thanks 4 asking. Sa original Disposal of Acquired Assets guidelines, it used to be 10% of your bid price (kasi sealed public bidding yon- pataasan ng bid). Sa 'discounted promo' guidelines, ibinaba na to 5% (minimum downpayment). Meaning, if your deposit is more than 5% (of 100%), the remainder, whatever that may be, will be the (new)principal loan balance. Nope its not negotiable. I hope naliwanagan ka.

tagadavao said...

puede bang bumili ang isang developer/corporation sa maagang pabahay program ng bahay na ginawa nila? o ang programa ba para lang sa mga individual? puede bang mag authorize using board resolution ang developer/corporation authorizing an individual/stockholder nila to buy in its behalf, to circumvent the circular?

tagapagibig said...

tagadavao,

usually we deal with individuals- they may, technically, if they (developers/ corps) so designate an individual (dummy perhaps) to buy a/several units basta ba cash basis lang

Disclaimer

The purpose of this blog is to inform the viewer of the programs of Pag-IBIG as well as the services the Fund extends. Blog topics may or may not be updated subsequent to their initial posting.

Specifications on the properties
featured on the Acquired Assets list particularly the status, and details should be verified directly with the Acquired Assets Unit located at the 2/F of Pryce Tower Condo., Pryce Business Park, JPLaurel Ave., Bajada, Davao City or they may be reached thru 224 4733.

Views featured specifically in the "Comment Page" are those of mine and not of the Fund.