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Can a buyer avail of Pagibig loan to buy foreclosed property?

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Can a buyer avail of Pagibig loan to buy foreclosed property?

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Yes, Pagibig housing loan may be used to finance purchase of acquired asset which is disposed of through sealed public bidding and negotiated sale. Take note Pagibig member shall be allowed to borrow an amount up to a maximum of 2M Pesos only.

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