March 4, 2024 – Here are the latest list of GSIS foreclosed properties, now under Lease With Option to Buy or LWOB. This is a different kind of “rent-to-own” scheme from the GSIS. Details below.
Table of Contents
GSIS Lease With Option to Buy List of Properties (LWOB)
For easy searching and filtering, I have uploaded all the GSIS properties that are for Lease With Option to Buy into my database. To view the list, click on the button/link below.
==>Click to view GSIS Lease With Option to Buy List of Properties
Alternately, you may also view the listings in PDF format below:
- NCR GSIS Lease With Option to Buy list as of January 31, 2024 (pdf viewer/download)
- Luzon GSIS Lease With Option to Buy list as of January 31, 2024 (pdf viewer/download)
- Visayas GSIS Lease With Option to Buy list as of January 31, 2024 (pdf viewer/download)
- Mindanao GSIS Lease With Option to Buy list as of January 31, 2024 (pdf viewer/download)
Contact Info for GSIS LWOB properties
Interested parties may contact GSIS directly to get more details through the following:
For leasing inquiries, you may call the Real Property Accounts Management Department (RPAMD) at trunk line numbers (02) 8479-3600, and (02) 7976-4900 local numbers 3374, 3396, and 3425 and mobile number 0939-986-5962 or send an email at [email protected].
Source: General Guidelines
How can I buy a house from GSIS via LWOB?
To get a detailed explanation, I believe it would be better to refer to the general guidelines from the GSIS. See below:
General Guidelines for LWOB
Source: https://www.gsis.gov.ph/downloads/housing/2024/20240206-LWOB-General-Guidelines_v10.pdf
In addition, here are all available downloads and forms (Guidelines, FAQ, Application Form, and Checklist of requirements) with regard to the LWOB. The links below are direct links to the files on the GSIS website.
How much is the rental rate?
I was wondering why the list of properties had no rental rates included, so I searched and found this in the General Guidelines:
“7. The minimum monthly rental fee shall be based on the comparative market figures and capitalization rate.”
Source: Item # 7 of General Guidelines
I could be wrong, but I believe they (GSIS) will determine the rental rate at the time of availment of the LWOB.
How much will be the selling price for the Option To Buy?
As per General Guidelines:
“Upon approval of the OTB, the lessee shall pay the purchase price in manner provided in policy on disposition of IP-RUs,which is CMV of the property at the time of its approval or any offered amount received for same property, whichever is higher.“
Source: Item # 27 a. paragraph 2 of General Guidelines
But what is CMV?
“Current Market Value (CMV)–the value of the IP-RU, including the improvements built thereon, if any, determined on an annual basis by the Property Administration Department (PAD) based on recognized modes of real estate appraisal.“
Source: GSIS POLICY AND PROCEDURAL GUIDELINES NO. 304-16
Based on the above, I believe the selling price will be based on the appraised value of the property at the time the tenant/buyer will avail his/her Option To Buy.
IP-RU refers to GSIS Investment Properties – Retail Units, which are the GSIS acquired assets and foreclosed properties for sale.
Is the Option To Buy for cash payments only?
According to Item 27 paragraph a. of the General Guidelines, GSIS members can avail via installment (non-GSIS members can only buy via cash). I have quoted this below for easy reference:
“During this period, and provided that the lessee has no outstanding unpaid rental, he may send GSIS a written proposal to buy the leased premises in installment (for GSIS members) or cash (GSIS and non-GSIS members).”
Source: Item # 27 a. paragraph 1. of the General Guidelines
Actually, this was a big turn-off for me because everyone knows that very few people can afford to pay in cash when buying properties.
Update: Lease With Option to Buy through installment up to 25 years?
A longer payment term of up to 25 years seems to be possible, based on a press release I found at the GSIS website. I’ll quote the relevant portion below:
“Ang installment sale naman ay available sa GSIS members na gustong bumili ng bahay sa ilalim ng programang Lease with Option to Buy o kaya sa public bidding. Ang installment ay maaaring bayaran hanggang 25 years. Kung condominium, ang term ay hanggang 20 years at kung bakanteng lote, 15 years to pay,”
~ GSIS President and General Manager Wick Veloso
Source: Press release – GSIS OFFERS HOUSING LOAN CONDONATION, INSTALLMENT SALE
This is definitely a welcome development! With installment terms of up to 25 years, this means that the monthly payments will definitely be more affordable and manageable!
However, I can’t find any reference to the installment option for LWOB in the latest guidelines/FAQ. So if you are going to avail the LWOB program, please make sure to ask about this.
GSIS LWOB Frequently Asked Questions
Got more questions? Please refer to the list of frequently asked questions about LWOB below:
Source: https://www.gsis.gov.ph/downloads/housing/2024/20240206-LWOB-FAQs-v3.pdf
Want to learn more about the LWOB Program?
To learn more about the LWOB program, check out the following article:
GSIS foreclosed properties for public bidding
There is currently one bidding schedule for GSIS foreclosed properties / acquired assets on their website and is scheduled on March 21, 2024. See file below for details
GSIS Acquired Assets for bidding on March 21, 2024
Reminder: Avoid “Occupied” GSIS foreclosed properties
Keep in mind that a big number of GSIS foreclosed properties scheduled for bidding are “OCCUPIED”.
We highly recommend to avoid those occupied foreclosed properties.
The only exception would be for those who are the current occupants and would like to purchase the property, especially those under the LWOB program.
Note: The properties on the listings below are for sale on an “As is Where is” basis. To learn why we do not not recommend buying occupied properties, refer to the following article:
How about foreclosed properties from other sources? See below…
Search for more foreclosed properties in our database…
You can also search from over 30,000 foreclosed properties in our database.
This includes other banks and lending institutions that have foreclosed properties for sale.
Use this to quickly search for all foreclosed properties in a subdivision, village, condominium project, city, etc.
==> Click for advanced foreclosed properties search
All locations with foreclosed properties by Province/City
You can also browse all locations within the Philippines with foreclosed properties available from ALL banks/lending institutions inside our database, grouped by Province/ City, on this page:
==> Click to browse all foreclosed property locations
Note: The “Foreclosed Properties Database” is a work in progress. If you have comments/ suggestions, please do let me know by leaving a comment below.
Full disclosure: Nothing to disclose, we are not accredited real estate brokers of GSIS. We are sharing this public auction announcement as a form of public service to the general public who might be interested in foreclosed properties and acquired assets from the GSIS. Please contact GSIS directly to inquire, thank you for understanding
Hi sir, how about lot po? I’m planning to rent muna this lot we saw near my parent’s house (for parking purposes). Then after a few months, we can offer to buy daw sabi ng GSIS agent I spoke with. The problem is, I don’t have any idea how much to offer sa rent. Please enlighten me. Thank you!
Hi April,
Based on how I understood the guidelines, GSIS will be the one to determine the rental rate. If not, then I suggest you list down all the for rent properties nearby so you can establish the average and use it as a basis for your offer to GSIS. I hope this helps, good luck!
Good day po! Alam nyo po ba kung pwedeng through loan ang pagbili ng GSIS property kung “acquired asset for lease with option to buy” yung bahay? At kung pareho lang ang ibig sabihin nun sa foreclosed properties? Thank you po in advance.
Good day Den! Sorry pero hindi ko mahanap yung may nakalagay na “acquired asset for lease with option to buy” sa mga listahan at guidelines ng GSIS. Saan mo siya nakita?
Pare-pareho lang ang ibig sabihin ng acquired assets, foreclosed properties, ROPOA (Real and Other Properties Owned or Acquired), ROPA (Real and Other Properties Acquired), tsaka Bank Owned properties.
Already found the “Lease With Option to Buy” listings and updated the article above. Thanks!
ques po… gsis members lng ba anf pedeng magjoin sa bidding?
The listings and bidding schedules have been updated and now includes January 2020 listings and schedules.
To find properties in a specific subdivision, please use the property search tool under “Search All Foreclosed Properties”.
The listings and bidding schedules have been updated for November 2019.
sir can you provide me list of queens row subdivision, bacoor city foreclosed properties and properties for sale.
sir, may ikokonsult lang po aq, nakakuha po ako ng property thru acquired asset ng Pag-Ibig, n hinuhulugan ko buwan buwan, kaso malilipat ako ng area, puwede ko bang ipasalo sa ibang tao ung property, at bayaran na lang nya ung naihulog ko, legal ba to? at pwede ba aqng kumuha ulit sa ibng area, thnx
The listings above have been updated to the September-October 2019 auction listings from GSIS
Hi Sir, question.. What if sumali kami sa bidding and kami yung awardee. Yung 10% manager’s check ibabalik po ba pag if ever di natalo sa bidding? Thanks. And, sino po pwede contact person for questions about bidding. Thank you.
Sir Jay, may question lang ako, medyo matagal na kasi ito year 2007 pa, i bought a foreclosed property in tierra de Sta. Maria, Bulacan, selling price is around 600k plus, nag down ako ng 57K plus that time and continuous ang monthly amortization for around 6 months until ipinasalo ko nalang sa isang buyer, we have an open deed of sale and she paid me around 7oK which covers pati mga nahulog ko, then eventually I went abroad. Now that I am back since 2017, i am with the government now and have this GSIS account. After I checked in Kiosk, it is showing there an my house loan amounting to 6oo plus and now 7ooK plus na with arrears. Ang question ko po ay ganito, if hindi na tinuloy nung tao ang paghulog nya, GSIS should foreclose it in 6 months? Bakit nasa akin pa din po ang burden to pay it? I am worried kasi baka habang naghuhulog ako ng insurance ko, eh ibawas doon in the long run. Please advise. Hope you can email me at [email protected]
Hi Jose, sorry ngayon ko lang nabalikan question mo. Minsan kasi natatagalan bago i-foreclose ang isang property, kaya siguro up to now eh hindi pa naforeclose yung property na pina-salo mo sa buyer mo.
Habang hindi pa natutuloy ang foreclosure, maniningil pa rin and GSIS sayo, kasi sayo pa rin nakapangalan yung loan/property.
Sir ask ko lng po..pano po ba mkabili ng foreclosed sa house&lot.gusto ko kc sa lipa city..yng nkita ko po sa brgy marawoy..under gsis po yng mga house don at maraming foreclosed na…at gusto ko po sanang mkbili. Sbi ng mga taga doon punta daw akong gsis ng lipa…kpag po ba ok…loan din po ba yn?
Salamat po
Hi Migs, sabi sa guidelines, pwedeng
so pwedeng loan pero hindi na sa GSIS (Ex. Pag-IBIG or banks).
Good afternoon po sir, meron po kc ako gustong aplayan na property para sa parents ko. Caretaker sila dun hanggang ngayon under na daw po ng gsis yung property. Pero hanggang ngayon po kc di ko alam kng ano na update sa bahay dahil new policy cash payment na. Sana po matulungan nyo ako. Matagal ko na kc sinusubaybayan wala pa sa list eh. Sabi gsis hintay hintay Lang. Gusto ko po kc ako makakuha since nakatira na kami dun ng napakahabang panahon may sentimental value. Sila pa din po ba ang e c consider na 1st buyer before e auction or kailangan pa din aplayan at mag undergo sa bidding. Sana po talaga matulungan ninyo ako. Thanks po. God bless!
Hi Jenna, sabi sa guidelines, yung presenty occupants ay pwedeng tapatan ang winning bidder kung present at nag participate sa bidding. Eto yung nakalagay:
Hi pwede bang malaman kung ano status ng address nato? Blk 11 lot 4 moises st juana 6 complex binan laguna
Hello San, please contact GSIS Real Property Accounts Management Department DIRECTLY through the following telephone numbers:
479-3536
976-4619
Thanks!
Hello I just would like to ask mas okay po ba na ipa foreclose na lang ang Bahay then bilhin na lang ulit kaysa bayadan ang sobrang laki na ng interest. Thanks po
Naku, magiging blacklisted po kayo at matagal bago kayo ulit makakaloan dahil masisira po credit history niyo. Makipag negotiate pi muna kayo na i-waive nila ang interest, penalties, and surcharges. Good luck po.
Hi sir ask lang po sana ako kasi po sa ngayon binibigyan nalang po kami ng pag ibig until july 31 to settle ung unpaid monthly amort. Papaalisin ba kami agad ng pag ibig? I mean e foforeclose ba agad ung bahay namin? Kasi s ngayon di p namin masettle agad e. Kasi di p po kasya ung pera namin kasi I have to pay the full amount kasi.
Your response is highly appreciated po. Thank you!
Sorry to hear your situation Khing. Sa pagkakaalam ko po, hindi naman sila agad-agad nagpapaalis. Yun nga pong informal settlers hindi nila basta-basta pinapaalis. Pero suggestion ko po makipag ugnayan kayo sa kanila para kahit papaano ay magka extension, or ma waive yung penalty/interest. Gawa po kayo ng formal na sulat. May pagasa pa po na ma-save yung property niyo from foreclosure. Hindi ko lang po sure kung meron pa silang condonation program, pakitanong na lang din po.
i WNATED TO GET LIST OF FORCLOSE IN SNA PEDRO LAGUNA. THE QUESTION IS HOW CAN I SECURE PROPERTIES?
Here’s a list of foreclosed properties in San Pedro, Laguna, which are currently inside our database:
https://www.foreclosurephilippines.com/classifieds/?_form_scheme_id=98514&location=San%20Pedro%2C%20Laguna%3B%20
The process for buying properties would depend on who is the selling bank/institution. You will see an overview for each property included in the details.
Sir jay sana po ma post na ung agl caalibangbangan cabanatuan city kc ang tagal n namin naghihintay pra mabayaran namin ang bahay namin dto,tnx po
WHERE can i find Ilocos Norte listings please
hi, how can we find out if the lot that we’re interested in has already been bidded out.
Jay, I buy houses in Houston at foreclosure auctions to flip. I was thinking about doing a condo in Manila as well. If I list the condo unit P50,000 below market, how long do you think it will take to sell?
Just updated the list to include public auction schedules for June 2017
Please be warned po. Yung property sa juana san francisco unnoccuppied lots reside exactly on top of a fault line. Fyi.
Thanks for the heads-up!
sir jay, can you send me an email i would like to talk you but im in kuwait right know
hi po pwde po makahingi ng update about dito po sa address na to
blk 15 lot 24 irving st menzyland mojon malolos bulacan