THE Home Development Mutual Fund or the Pag-IBIG Fund urged occupants of its acquired properties to legitimize their tenure by buying the houses they are occupying, which is made affordable through a 10 percent discount under its Acquired Assets Super Sale, which started Aug. 25 and will end on Dec. 14.

In a statement, Pag-IBIG said buyers can choose among three different methods: by cash, short-term installment, or a Pag-IBIG Housing Loan.

This offer applies to occupied properties under the agency’s acquired asset inventory and is part of its efforts “to promote homeownership under the Marcos administration’s Expanded Pambansang Pabahay para sa Pilipino (Expanded 4PH) Program.”

Pag-IBIG Fund gives occupants 10% discount to legally buy acquired homes

“We are taking all available steps and launching the necessary initiatives to help Filipino workers gain homeownership, consistent with the vision of President Ferdinand R. Marcos Jr. in providing access to dignified and secure housing for all,” Housing Secretary Jose Ramon Aliling, chairman of the Pag-IBIG Fund Board of Trustees, said.

“We recognize that our members face different circumstances that call for tailored solutions. That is why we are addressing their varied needs through this campaign by giving current occupants of our foreclosed properties the opportunity to become legitimate homeowners,” he added.

Under the Expanded 4PH Program, occupants who get an Invitation to Purchase or Lease (ITPL) from Pag-IBIG may buy their occupied homes.

“Those who are issued an ITPL during the promotional period shall enjoy a 10 percent discount. They may choose to purchase the property through cash, short-term installment of up to 12 months, or a Pag-IBIG Housing Loan. For members opting to avail of the housing loan, those with limited income may apply with co-borrowers to help meet the required income,” the agency said. “Meanwhile, original borrowers whose accounts were previously canceled or foreclosed may also seek approval from the agency to qualify for another loan under the program.”

Pag-IBIG Fund Chief Executive Officer Marilene Acosta said it is the best time for occupants of their acquired properties to take the next step toward legal homeownership.

Acosta added that proceeds from the Pag-IBIG Super Sale are plowed back to the agency’s programs.

“With the 10 percent discount under our Super Sale, they can purchase the homes they already live in at a more affordable price. This allows them to finally secure legal ownership of the property and enjoy the peace of mind that comes with it,” she said.

“Every peso we recover from these units helps us serve more members.... The amounts originally loaned out to acquire these homes came from the collective savings of our members. So when current occupants purchase these properties, the funds return to Pag-IBIG Fund and allow us to help even more Filipino workers who also dream of having a home of their own. This is part of how we continue to fulfill our mandate of making homeownership affordable for every Filipino worker,” Acosta added., This news data comes from:http://molj-miot-wwv-sty.jyxingfa.com

Launched earlier this month, the Pag-IBIG Fund Acquired Assets Super Sale featured 30,000 foreclosed properties with special discounts under various modes of purchase.