What is an acquired asset?

02/16/2021 Off By admin

What is an acquired asset?

An asset acquisition is the purchase of a company by buying its assets instead of its stock. An individual who owns stock in a company is called a shareholder and is eligible to claim part of the company’s residual assets and earnings (should the company ever be dissolved).

What is Pag-IBIG acquired assets?

A Pag-IBIG acquired asset is a property that’s foreclosed because the original owner who availed of Pag-IBIG housing loan failed to pay the monthly amortizations. The Pag-IBIG Fund normally gives delinquent borrowers a chance to buy back their foreclosed property when they default on their payments.

How can I check my Pag-IBIG foreclosure?

“Interested parties are encouraged to visit Pag-IBIG’s website, https://pagibigfund.gov.ph/acquiredassets.html five (5) days prior the actual opening of bid offers, to check whether there is any erratum posted on the list of properties posted under the sealed public auction/negotiated sale.”

How can I avail SSS acquired assets?

As part of the requirement for purchasing an SSS acquired property, the buyer must pay the corresponding down payment equivalent to 5 percent of the selling price if the selling price is P500,000 and below, or 10 percent if the selling price is above P500,000.

Why is it bad to buy a foreclosed home?

If you buy a property at a foreclosure auction, not only will you not get a chance to have the home inspected, it’s likely you won’t have stepped in the door before you become the legal owner. It’s possible the property has been vandalized or looted; appliances and light fixtures may be missing.

Is buying foreclosures a good idea?

Buying a foreclosed home can be a good idea if you have the financial cushion to absorb any potential problems. If you aren’t worried about there being potential issues or the cost to repair them, then buying a foreclosed property is likely a worthwhile investment for you.

How many days can I get my Pag-IBIG ID?

A Pag-IBIG officer will validate all your information and you will be asked to sign necessary documents. The processing of your card takes only an hour or 45 days (depending on your location or which area you applied for the card).

How do I update my SSS information?

SSS account, hover your cursor over the MEMBER INFO on the main menu, click Update Contact Info, check the box corresponding to the contact info you want to update/change (see the screenshot above), click Next, review the information presented, and then click Submit.