Here is a list of GSIS Family Bank foreclosed properties for sale which I got from the Housing Fair 2011 when I visited the GSIS Family Bank booth on the 3rd and final day of the event. This is essentially the same list of foreclosed properties on the GSIS Family Bank website but this list includes pictures.

The listing only says the foreclosed properties are for sale through cash or installment and no other details were given on the listing, and the same applies to their website. Anyway, if you want to get more details, you can contact GSIS Family bank directly through the contact details on the list below.

Download the list of GSIS Family Bank foreclosed properties for sale

Just click on the images below to view/download the complete listing of GSIS Family Bank foreclosed properties (with pictures) as of October 2011.

GSIS Family Bank foreclosed properties for sale from Housing Fair 2011 page 1 of 2 - JPG

You will notice on the listing above that the GSIS Family Bank website is erroneously listed as www.gsisbank.cm. It should be www.gsisbank.com

GSIS Family Bank foreclosed properties for sale from Housing Fair 2011 page 2 of 2 - JPG

Also available in PDF format: GSIS Family Bank foreclosed properties for sale from Housing Fair 2011.

Happy hunting!

~~~

To our success and financial freedom!

Jay Castillo

Real Estate Investor
PRC Real Estate Broker Registration No. 3194
Blog: http://www.foreclosurephilippines.com
Follow me in Twitter: http://twitter.com/jay_castillo
Find us in Facebook: Foreclosure Investing Philippines Facebook Page

Text by Jay Castillo and Cherry Castillo. Copyright © 2011 All rights reserved.

Full disclosure: Nothing to disclose.

P.S. Here are some pictures of the Housing Fair 2011. I look forward to attending the Housing Fair 2012 next year!

Housing Fair 2011 Pag-IBIG Booth (The GSIS Family Bank booth is on the right)

Housing Fair 2011 SSS Booth (The GSIS Family Bank booth is on the left)

GSIS Family Bank foreclosed properties for sale as of October 2011 is an original post from ForeclosurePhilippines

The Social Security System or SSS has started to offer close to Php200M worth of foreclosed properties for sale at very affordable terms and prices to the general public and its members. At first I thought these were the same foreclosed properties on the listing the SSS made available during the Housing Fair 2011, but it turns out the Housing Fair listing only had about Php50M worth of SSS properties.

ABS-CBN news reported that these foreclosed properties from the SSS will be sold through a subasta or an auction, although a news article in the SSS website says the foreclosed properties will be sold through negotiated sale. This means there will be no public auction and buyers only need to make their offers. This is good news for buyers because a public auction can lead to buyers trying to outbid each other, and the end result can be jacked-up prices during the auction.

In addition, the SSS website says the cheapest foreclosed property for sale is priced at only Php271,000.00, although I can only imagine the size and condition of that particular property. Whatever happens, don’t forget to do your due diligence BEFORE parting with any of your hard earned money.

Anyway, it was also reported that the foreclosed properties for sale were assets acquired by SSS through dacion en pago or payment in kind and their list of acquired assets consists of 305 houses and lots, where more than half are located in Metro Manila and Luzon. But where is the listing?

Where is the  SSS foreclosed properties listing with Php200M worth of house and lots?

I already tried to search using their Search Acquired Asset page on their website but I always get a message that says “There are no records available.” as can be seen below.

It seems the website of SSS has not yet been updated... this is as of October 13, 2011

Oh well, I guess their website is not yet updated and the only way to get the listing would be to call them up and ask a copy through e-mail.

(I will also try to get the complete list of SSS foreclosed properties so I can post it here. Don’t forget to subscribe to e-mail alerts to get notified when the list becomes available).

For now, those who might be interested in these foreclosed properties from the SSS can call up the SSS Asset Management Department DIRECTLY through telephone number 920-6401 local 5123 and 5124.

Happy hunting!

Nearly Php200M worth of SSS foreclosed properties for sale is an original post from ForeclosurePhilippines

After news came out that the SSS started offering close to Php200 Million worth of foreclosed properties for sale through Subasta or auction (but are actually for negotiated sale), I have tried to get a copy of the listing from the SSS. I have finally received a copy, and I am posting it here.

You may also notice that the listings below contain less than Php200 Million worth of foreclosed properties and I can only assume that it’s because these only contain foreclosed properties from Metro Manila, or maybe a lot of the properties have already been sold. Anyway, these are just my assumptions.

The listings of SSS foreclosed properties for sale (NCR) as of October 18, 2011 follows.

Complete list of SSS foreclosed properties for sale (NCR) as of October 18, 2011 is an original post from ForeclosurePhilippines

Please see below list of Government foreclosed properties and acquired assets for negotiated sale! Prices and terms* are negotiable, subject to management approval. These properties are the acquired assets of a Government Financial Institution (GFI) attached to the Department of Finance (DOF).

*Update as of February 13, 2012 – I have just cleared up with the person-in-charge that these acquired assets are for sale on cash basis only. Prices are negotiable.

Some of the properties on the list are located in Las Pinas and we already visited them. These are the townhouses located in Ponte Verde, BF Resort Village, Las Piñas City. Pictures of these townhouses can be found after the complete list of government foreclosed properties below.

Government Assets for sale 2012 (negotiated sale)

Ponte Verde Townhouses pictures

Foreclosed Ponte Verde Townhouse ion BF Resort Las Pinas City - Panoramic picture

We are assisting the GFI who owns the acquired assets above. If you are seriously interested in any of the properties, kindly leave a comment below and indicate which of the properties you are interested in, along with your contact details (will not be published).

We will contact you as soon as possible to confirm your inquiry. Afterwards, we shall check the availability of the property and send you information through e-mail. If everything is in order, we will then assist you with the purchase of the property.

Please keep in mind that by inquiring through us, you acknowledge us as your real estate brokers.

Happy hunting!

~~~

To our success and financial freedom!

Jay Castillo

Real Estate Investor
PRC Real Estate Broker License No. 3194
Blog: http://www.foreclosurephilippines.com
Follow me in Twitter: http://twitter.com/jay_castillo
Find us in Facebook: Foreclosure Investing Philippines Facebook Page

Text by Jay Castillo and Cherry Castillo. Copyright © 2008 – 2012 All rights reserved.

Full disclosure: We are accredited real estate brokers of the GFI who owns these foreclosed properties.

Featured: Government foreclosed properties and acquired assets for negotiated sale! is an original post from ForeclosurePhilippines

If you are looking for foreclosed properties for sale within BF Resort Village, Las Pinas City, then this listing is for you. All of the following foreclosed townhouses are located within Ponte Verde, BFRV, Las Pinas City, and are now at reduced prices!

I already featured these townhouses before as part of a listing of Government foreclosed properties and you will notice that prices have been reduced by at least Php 1.1 Million per property. Nice!

Please keep in mind that these foreclosed properties are for sale on cash basis only. However, prices are negotiable.

Foreclosed properties for sale in BF Resort Las Pinas City now at reduced prices! is an original post from ForeclosurePhilippines

*Update as of December 27, 2012 – The seller has approved offers for all four units and they have already received a downpayment, thus all four units are considered sold. Please be guided accordingly and thank you to all who inquired.

This is a follow-up for my recent post about foreclosed townhouses for sale located at Ponte Verde, BF Resort Village, Las Pinas City. I recently visited the units myself to get more details and I also took a walk-through video, along with more pictures. I have also included a vicinity map, and pricing of comparable properties for easy reference.

By the way, I just got an updated pricelist from the GFI that owns these foreclosed properties and noticed that prices have been reduced further! Check them out below!

Property details

The following are common features for units at Lot 15, Lot 16, Lot 17, and Lot 18:

• 3 bedrooms
• 3 Toilets and baths
• 1 parking slot
• w/ maid’s quarters (or storage room) at the ground floor
• w/ walk-in closet at Master’s bedroom
• all bedrooms have a provision for a window-type airconditioner
• w/ Meralco connection
• w/ Maynilad connection
• Well maintained and brand new condition, never been occupied
• Units are approximately 4 to 5 years old (according the the officer-in-charge)
• Ceramic tiles for living room, kitchen, and all bathrooms.
• Apo vinyl tiles for bedrooms, second floor hallway
• 24-hour security for your peace of mind. Ponte Verde is a village within a village (BF Resort Village, Las Pinas City).
• Titles are consolidated (properties are under the name of the entity that foreclosed them)
• It appears lighting fixtures have never been installed (refer to video below)
• Update added on August 30, 2012: Monthly association dues is PHP140.00/unit per month
• Update added on September 4, 2012: Capital Gains Tax will be shouldered by the seller, all other transfer costs will be shouldered by the buyer.

Payment terms

Payment terms for these properties is cash basis only. However, if  a buyer can get bank financing plus enough downpayment to cover the whole selling price, this MIGHT be considered as good as cash. Contact me so I can explain further.

YouTube Video walk-through

The following video is a walk-through of the ground and second floor of the unit at Lot 16. The other units have virtually the same features for the ground and second floors. For RSS readers who can’t see the video, you may watch through this link: http://youtu.be/Sl3bNr8eROU )

The following is a walk-through video for the attic of the unit located at Lot 17. It is the only unit with an attic. For RSS readers who can’t see the video, you may watch through this link: http://youtu.be/f2HmYheVGrU )

More pictures

Google map

View Ponte Verde Townhouses for sale in BF Resort Village, Las Pinas City in a larger map

Comparable properties

I was looking for other comparable properties within Ponte Verde to get reference pricing and I only found the following. If anyone out there knows of any that are for resale or for sale by owner, please let us know by leaving a comment below.

• http://www.bfhomes.net/ponte.htm (This has links to pricing and floor plans)
• http://www.ahyer.com/las-pinas-city-townhouses-for-sale-15934-2 (I believe this has reference pricing from the developer)

Who is the developer of Ponte Verde?

Rental rates

As mentioned in a recent comment, I could not find a unit for rent within Ponte Verde (I tried looking both online and offline).

However, I do know a number of townhouses nearby that are also within BF Resort Village Las Pinas with a rental rate of Php10,000 per month. This is for a small townhouse that approximate has a floor area of 75sqm and with 1 parking slot. If I will use the floor area alone, that would translate to about  Php142.86/sqm per month.

Using the same rental rate for a 110sqm townhouse, that would translate to Php15,714.28 per month.

*as always, our standard disclaimer applies

Property inspection/viewing

These units have no caretakers and are locked which means we will have to coordinate with the person-in-charge who holds the keys.

Viewing can only be done on weekdays.

Please request for viewing at least 2 days in advance for proper scheduling.

The fine print

As usual, all of these properties are for sale on an “as is where is“ basis. Prices and property availability are subject to change without prior notice. As always, our standard disclaimer applies.

How to inquire

Interested buyers may inquire by leaving a comment below. Please include a valid email address (this will not be published).

We will contact you as soon as possible to confirm your inquiry and provide information you requested, along with possible payment terms. If you want to proceed, we will then assist you with the purchase of the property.

You may also contact me through the following:

• +639178843882
• 964-9489

By inquiring through us, you acknowledge us as your real estate brokers (at no additional cost to you).

Happy hunting!

~~~

To our success and financial freedom!

Jay Castillo

Real Estate Investor
PRC Real Estate Broker License No. 3194 
Blog: http://www.foreclosurephilippines.com
Connect with us – Facebook | Twitter | Blog RSS | Google +

Text by Jay Castillo and Cherry Castillo. Copyright © 2008 – 2012 All rights reserved.

Full disclosure: We are accredited real estate brokers of the GFI who owns these foreclosed properties.

(SOLD!!!) Foreclosed Ponte Verde, BF Resort Village Las Pinas townhouses (further reduced prices + video) is an original post from ForeclosurePhilippines

The Bureau of Internal Revenue (BIR) will be holding a Mega Sale of absolutely forfeited real properties (acquired assets) on November 28, 2012. This was announced in the official website of the BIR.

It appears these forfeited real properties were levied by the BIR and are now for disposal as part of their tax collection efforts.

I pushed the numbers a bit and found some properties on the list are priced at less than Php10.00 per square meter (the cheapest was a 7 hectare vacant lot in Butuan City with a minimum bid price of Php140,000 which is just Php2.00/sqm… that’s not a typo!) Of course, since the prices on the list are just the minimum bids, the actual selling prices would most probably go up. Anyway, checkout the complete list of BIR acquired properties for sale below.

Republic of the Philippines

Department of Finance

Bureau of Internal Revenue

MEGA SALE

OF ABSOLUTELY FORFEITED REAL PROPERTIES

November 28, 2012

RR 1 – CALASIAO, W. PANGASINAN
TCT	LOCATION	CLASSIFICATION	AREA (sqm)	MINIMUM BID (PHP)
T-285	Brgy Maananteng, Solsona, Ilocos Norte	Residential lot	900	90,000.00
T-285	Brgy Maananteng, Solsona, Ilocos Norte	Agricultural lot	10,000	700,000.00
T-285	Brgy Maananteng, Solsona, Ilocos Norte	Agricultural lot	1,193	77,545.00
Untitled	V. Delos Reyes St. Brgy. 9, Vigan City	Residential lot	258	645,000.00
153079	Brgy. Bical, Bayambang, Pangasinan	Residential lot	286	91,520.00
153080	Brgy. Bical, Bayambang, Pangasinan	Residential lot	286	91,520.00
153081	Brgy. Bical, Bayambang, Pangasinan	Residential lot	274	87,680.00
153082	Brgy. Bical, Bayambang, Pangasinan	Residential lot	286	91,520.00
153083	Brgy. Bical, Bayambang, Pangasinan	Residential lot	462	147,840.00
153084	Brgy. Bical, Bayambang, Pangasinan	Residential lot	532	170,240.00

-

RR 2 – BAGUIO CITY (CAR)
TCT	LOCATION	CLASSIFICATION	AREA (sqm)	MINIMUM BID (PHP)
untitled	Aleb, Ucab, Itogon, Benguet	Pasture Land	100,000	400,000.00
untitled	Mambarang, Daluparip, Itogon Benguet	Pasture Land	200,000	800,000.00
untitled	Virac, Itogon , Benguet	Pasture Land	150,000	600,000.00
untitled	Wlling, Virac, Itogon, Benguet	Camotal	70,000	280,000.00

-

RR 4 – SAN FERNANDO, PAMPANGA
TCT	LOCATION	CLASSIFICATION	AREA (sqm)	MINIMUM BID (PHP)
T-58416	Colo, Dinalupihan, Bataan, within the vicinity of San Benito & Barrio Road	Agricultural	1,311	10,488.00
T-58417		Agricultural	1,223	9,784.00
T-58418		Agricultural	1,512	12,096.00
T-58419		Agricultural	1,229	9,832.00
T-58420		Agricultural	1,467	11,736.00
T-58421		Agricultural	1,395	11,160.00
T-58422		Agricultural	1,696	13,568.00
T-58423		Agricultural	1,401	11,208.00
T-58424		Agricultural	1,000	8,000.00
T-58425		Agricultural	1,000	8,000.00

-

RR 6 – MANILA
TCT	LOCATION	CLASSIFICATION	AREA (sqm)	MINIMUM BID (PHP)
T-164524	Brgy 845 Zone 92 Pres. Quirino Avenue	Residential lot	375	3,008,000.00
T-164525		Residential lot	375	3,008,000.00
T-164526		Residential lot	345	2,760,000.00

-

RR 7 – QUEZON CITY
TCT	LOCATION	CLASSIFICATION	AREA (sqm)	MINIMUM BID (PHP)
PT-116745	1st St. Riverside Village., Sta. Lucia	Residential lot	2,508	5,016,000.00

-

RR 9 – SAN PABLO CITY
TCT	LOCATION	CLASSIFICATION	AREA (sqm)	MINIMUM BID (PHP)
T-103431	Rizal Tuy Batangas	Commercial	500	1,250,000.00
		Comm’l. Building	190	909,010.00
O-13586	Brgy. Villaperez, Gumaca Quezon	Agri/Cocal	13,901	118,158.50
T-197578	Brgy. Ibaba, Atimonan, Quezon	Agricultural	81,791	797,462.25

-

RR 10 – LEGASPI CITY
TCT	LOCATION	CLASSIFICATION	AREA (sqm)	MINIMUM BID (PHP)
-	Concepcion, Libmanan, Camarines Sur	Rice Unirrigated	12,750	123,037.50
TCT-123930	Avila Subd., Maroroy, Daraga, Albay	Residential lot	462	808,500.00
		Residential Bldg	90	373,820.00
-	Paniquihan, Baras,	Residential lot	223	42,370.00

-

RR 11 – ILOILO CITY
TCT	LOCATION	CLASSIFICATION	AREA (sqm)	MINIMUM BID (PHP)
T-57903	Dela Rama Street, Brgy Monica C.P.	Commercial/Rd. Lot	180	900,000.00
		Commercial/Rd. Lot	67	335,000.00
T-57902	Cor Dela Rama & Blumentritt Sts Brgy Monica CP Iloilo City	Commercial/Rd. Lot	112	560,000.00
		Commercial/Rd. Lot	300	1,500,000.00
T-57904	Blumentritt St Brgy Monica CP Iloilo City	Residential lot	270	1,043,000.00
T-57905		Residential lot	390	1,440,800.00
T-57906		Residential lot	495	1,773,600.00
Untitled	Badiangan, Mina, Province of Iloilo	Residential lot	401	252,630.00
Untitled		Residential lot	1,000	630,000.00
Untitled		Residential lot	671	422,730.00
Untitled		Residential lot	835	526,050.00
Untitled		Residential lot	143	90,090.00
Untitled		Residential lot	601	378,630.00
Untitled		Residential lot	1,000	630,000.00
Untitled		Residential lot	427	269,010.00
Untitled		Residential lot	823	382,695.00
Untitled		Riceland/Irrigated	4,394	140,327.66

-

RR12 – BACOLOD CITY
TCT	LOCATION	CLASSIFICATION	AREA (sqm)	MINIMUM BID (PHP)
T-14232	Brgy. Jerusalem, Cadiz City	Residential lot	1,000	700,000.00
14650	Brgy. Daga, Capiz City	Agricultural	20,000	200,000.00
T-133814	Hillside Subd., Mansilingan, Bacolod City	Residential lot	441	374,850.00
T-133815		Residential lot	597	507,450.00
T-133816		Residential lot	460	391,000.00
T-133817		Residential lot	645	548,250.00
T-133818		Residential lot	623	529,550.00
T-133819		Residential lot	562	477,700.00
T-133820		Residential lot	549	466,650.00
T-133821		Residential lot	607	515,950.00
T-81029	Brgy. Tangub, Bacolod City	Residential lot	300	420,000.00
T-81030		Residential lot	300	420,000.00
T-81031		Residential lot	300	420,000.00
T-81033		Residential lot	1,365	1,911,000.00
T-114892	Brgy. 3, Bacolod City	Residential lot	575	1,656,000.00
T-114893		Residential lot	523	1,506,240.00
T-114891		Residential lot	627	1,805,760.00
T-114890		Residential lot	693	1,769,470.00
T-114889		Residential lot	710	1,808,640.00
T-114888		Residential lot	725	1,858,880.00
T-114887		Residential lot	714	1,869,700.00
T-114886		Residential lot	546	1,310,400.00
T-114885		Residential lot	464	1,113,600.00
T-114884		Residential lot	464	1,113,600.00
T24118	Tabunan  Bago City	Agricultural	100,237	1,824,313.40
T-182193	Brgy. Punta Taytay, Bacolod City	Residential lot	8,121	5,278,650.00
T-182194	Brgy. Granada, Bacolod City	Residential lot	28,088	19,661,600.00
T-114883	Brgy. 3, Sto. Niño, Banago, Bacolod City	Residential lot	874	3,467,520.00

-

RR 14 – PALO, LEYTE
TCT	LOCATION	CLASSIFICATION	AREA (sqm)	MINIMUM BID (PHP)
T-27207	Sagkahan II, Brgy. 95, Tacloban City	Residential lot	203	77,140.00
T-39899	UTAP, Brgy. 53, Tacloban City	Residential lot	199	139,300.00
T-39900		Residential lot	220	154,000.00
T-39903		Residential lot	221	154,700.00
T-39902		Residential lot	238	166,600.00
T-39901		Residential lot	227	590,200.00
T-39904		Residential lot	134.34	349,284.00
T-39905		Residential lot	271	189,700.00
T-39906		Residential lot	234	163,800.00
T-39907		Residential lot	221	154,700.00
T-39908		Residential lot	221	154,700.00

-

RR 15 -  ZAMBOANGA CITY
TCT	LOCATION	CLASSIFICATION	AREA (sqm)	MINIMUM BID (PHP)
-	San Isidro, Poblacio, Gutalac, Zamboanga Del Norte	Residential lot	668	167,000.00
-		Residential lot	824	206,000.00
T-55690	Imelda, Sindangan	Agricultural	60,000	180,000.00
untitled	San Isidro, Gutalac	Agricultural	30,000	270,000.00

-

RR 16 – CAGAYAN DE ORO CITY
TCT	LOCATION	CLASSIFICATION	AREA (sqm)	MINIMUM BID (PHP)
T-35886	Gusa, Cagayan de Oro	Residential lot	650	1,690,000.00
T-48596	Cugman, Cagayan de Oro	Residential lot	438	394,200.00
T-23897	Bontola, Macasandig, Cagayan de Oro	Residential lot	599	371,380.00
T-23898		Residential lot	562	348,440.00
Untitled	Camama-an Cag de Oro	Residential lot	532	665,075.00
Untitled	Camama-an Cag de Oro	Residential lot	670	837,500.00
Untitled	Cugman, Cagayan de Oro	Residential lot	865	778,500.00
Untitled	Agusan Canyon, Manolo Fortich, Bukidnon, along Provincial Road Oroquieta City	Residential lot	1,333	234,620.00
Untitled		Commercial Lot	400	120,000.00
Untitled		Residential lot	2,000	352,000.00

-

RR 17 – BUTUAN CITY
TCT	LOCATION	CLASSIFICATION	AREA (sqm)	MINIMUM BID (PHP)
T-8559	Culit, Nasipit, Agusan Del Norte	Residential lot /Bldg	363	55,744.00
		Residential lot	478	107,550.00
Untitled	Amparo Butuan City	Agricultural	70,000	140,000.00
Untitled	Sumilihon Butuan City	Corn land	10000	51,500.00
Untitled		Coconut Land	10000	51,500.00
Untitled	Lumbucan Butuan City	Agricultural	10000	109,500.00

-

RR 19 – DAVAO CITY
TCT	LOCATION	CLASSIFICATION	AREA (sqm)	MINIMUM BID (PHP)
T-157076	Visayan Village, Tagum City	Residential lot	1,000	550,000.00
T-42811	Bello Subd., Sitio Santol	Residential lot	300	120,000.00
T-91405	Apokon, Tagum City	Residential lot	1,000	700,000.00
T-139384	San Miguel, Tagum City	Residential lot	525	210,000.00
T-165052	NHA, Magugpo, Tagum City	Residential lot	86	38,700.00
T-165053		Residential lot	40	18,000.00
T-165054		Residential lot	40	18,000.00
T-165055		Residential lot	40	18,000.00
T-165056		Residential lot	1,272	572,400.00
T-165057		Residential lot	363	163,350.00
T-128641	Navacilla Subd., Ma-a, Davao City	Residential lot	500	550,000.00
T-118071	Brgy. Tugbok, Tubgok, Davao City	Residential lot	1,050	525,000.00
T-162286	Lopez Vill., Matina Crossing, Davao City	Residential lot	261	391,500.00
T-162287	Lopez Vill., Matina Crossing, Davao City	Residential lot	207	310,500.00
T-209851	Catalunan Grande, Davao City	Residential lot	400	252,000.00
T-231577	Ma-a, Talomo, Davao City	Residential lot	1,000	1,660,000.00
T-265930	NHA, Ma-a, Talomo, Davao City	Residential lot	86	98,900.00
T-325164	Brgy. Lubogan, Toril, Davao City	Residential lot	204	102,000.00
T-101840	Ilang, Tubungco, Davao City	Cocoland	3,570	178,500.00
T-321700	Catalunan, Pequeno, Talomo, Davao City	Residential lot	240	156,000.00
T-308765	Talomo, Davao City	Residential lot	214	224,700.00
T-261423	Manambulan, Tugbok, Davao City	Agricultural	19,956	997,800.00
T-155121	Tancontian Subd., Agdao, San Antonio near NHA Subd., Davao City	Residential lot	170	204,000.00
T-165757	Pag-asa Homes, Buhangin, Davao City	Residential lot	350	350,000.00
T-165689	DDF Subd., Mandug, Buhangin, Davao City	Residential lot	230	138,000.00
T-209850	Brgy Indangan, Buhangin, Davao City	Residential lot	2,186	1,093,000.00
T-176695	Brgy Mandug, Buhangin, Davao City	Residential lot	216	151,200.00
T-227198	Sto. Domingo Subd. 1, Pampanga, Buhangin, Davao City	Residential lot	168	184,800.00
T-20390	Dahican, Mati, Davao Oriental	Residential lot	10,000	5,000,000.00
T-24126		Residential lot	21,122	10,561,000.00
T-24128	Dahican, Mati, Davao Oriental	Residential lot	7,688	3,844,000.00
T-24127		Residential lot	43,266	21,633,000.00
T-24704	Don Luis Rabat Village	Residential lot	120	60,000.00
T-21093	Central, Tarragona, Davao Oriental	Agricultural	1,323	8,474.00
T-21094	Carmen, Boston, Davao Oriental	Agricultural	2,147	12,924.45
T-66710	San Agustin, Digos City	Residential lot	192	51,840.00
T-66711		Residential lot	243	65,610.00
T66712		Residential lot	183	49,410.00
T-66713		Residential lot	188	50,760.00
T-66714		Residential lot	188	50,760.00
T-66715		Residential lot	196	52,920.00
T-66716		Residential lot	169	45,630.00
T-66717		Residential lot	169	45,630.00
T-66718	-	Residential lot	160	43,200.00
T-66582	Aplaya, Digos City	Residential lot	460	124,200.00

-

Source: ftp://ftp.bir.gov.ph/webadmin1/pdf/mega_sale_presentation_11282012.pdf

How to inquire

For more details about these BIR acquired properties for sale, please DIRECTLY contact the respective Revenue Region (RR) office of the BIR through the contact details below (click to enlarge)

Happy hunting!

~~~

BIR Mega Sale of absolutely forfeited real properties slated on November 28, 2012 is an original post from ForeclosurePhilippines

A huge listing containing more than 3,000 foreclosed properties for sale with a total selling price of almost Php 4-Billion has just been released by Philippine Investment Two (SPV-AMC), Inc. or PI Two. These foreclosed properties are all for negotiated sale and are located all over the Philippines. Checkout the complete list and other details below.

Location of the properties

• Albay
• Camarines Norte
• Camarines Sur
• Catanduanes
• Masbate
• Sorsogon
• Cagayan
• Isabela
• Nueva Vizcaya
• Quirino
• Batangas
• Cavite
• Laguna
• Quezon Province
• Rizal
• Aurora
• Bataan
• Bulacan
• Nueva Ecija
• Pampanga
• Tarlac
• Zambales
• Abra
• Benguet
• Kalinga
• Ilocos Norte
• Ilocos Sur
• La Union
• Pangasinan
• Marinduque
• Occidental Mindoro
• Oriental Mindoro
• Palawan
• Metro Manila
• Bohol
• Cebu
• Negros Oriental
• Eastern Samar
• Leyte
• Northern Samar
• Samar (Western Samar)
• Southern Leyte
• Aklan
• Antique
• Capiz
• Guimaras
• Iloilo
• Negros Occidental
• Basilan
• Lanao del Sur
• Maguindanao
• Sulu
• Agusan del Norte
• Agusan del Sur
• Surigao del Norte
• Surigao del Sur
• Compostela Valley
• Davao del Norte
• Davao Del Sur
• Davao Oriental
• Bukidnon
• Lanao del Norte
• Misamis Occidental
• Misamis Oriental
• Maguindanao
• North Cotabato
• South Cotabato
• Sultan Kudarat
• Zamboanga del Norte
• Zamboanga del Sur
• Zamboanga Sibugay

Download the list of foreclosed properties for sale from PI Two

• PI Two foreclosed properties price list as of november 2012 (XLS)
• PI Two foreclosed properties price list as of november 2012 (PDF)

Payment terms

Aside from cash payment, in-house financing is also available under the following terms:

• Minimum downpayment: 30% of the selling price
• Balance payable up to 3 years
• Interest rate is at 12% per annum

*I took the initiative of asking and I found out that bank financing through a loan take-out is also possible, but the buyer will have to agree to in-house financing and make monthly payments while the loan take-out is being processed. Please contact Philippine Investments Two directly for more details.

Who to contact

Please contact Philippine Investment Two directly through the following contact persons:

Luzon - Beth E. de Guzman

• Mobile no: 0915-944-2047
• Email: medeguzman(at)philippine-investment(dot)com

VIS/MIN – Roselle B. Suelan

• Mobile no: 0916-748-9318 / 0919-788-0895
• Email: rbsuelan(at)philippine-investment(dot)com

About Philippine Investment Two (SPV-AMC), Inc.

Philippine Investment Two (SPV-AMC), Inc. or PI Two is a special purpose vehicle (SPV) and Asset Management Company (AMC) duly registered under Philippine laws. PI Two acquired various non-performing assets (NPAs) from various banks under the Special Purpose Vehicle Act of 2002.

I would like to acknowledge and give thanks to Ms. Beth and Roselle of PI Two for sending me PI Two’s updated list of foreclosed properties.

Happy hunting!

~~~

To our success and financial freedom!

Jay Castillo

Real Estate Investor
PRC Real Estate Broker License No. 3194 
Blog: http://www.foreclosurephilippines.com
Connect with us – Facebook | Twitter | Blog RSS | Google +

Text by Jay Castillo and Cherry Castillo. Copyright © 2008 – 2012 All rights reserved.

Full disclosure: Nothing to disclose.

Philippine Investment Two offers almost Php4-Billion worth of foreclosed properties for sale is an original post from ForeclosurePhilippines

Paragon Finance Corporation will be conducting a public auction on November 23, 2012, Friday, 2:00pm, at Max’s Starmall Edsa corner Shaw Boulevard, Mandaluyong City, Philippines.

Only Php10,000 show money is required per property in the form of cash or manager’s check.

If you’re interested but don’t want to attend the auction, or if you simply want to avoid a bidding war where the selling price can go up if there is more than one bidder for the for the same property during the auction, you can choose to go for their “Knock-out” deal. More details below.

“Knock-out” deal

• KNOCK-OUT DEAL: Minimum Bid Price + 1%; 5% spot down payment (DP) to reserve

Buyers have the option to go for a “Knock-out” deal where a property no longer has to undergo public auction, buyers only need to add 1% to the minimum bid price. To reserve a property, 5% of the Total Contract Price (TCP) is required. The TCP will be the Minimum Bid Price plus the addition 1% for “Knock-out” deals.

Payment terms

• Cash
• Installment
  • Option 1 – 20% total downpayment with the 80% balance payable in 5 or 10 years for house and lot,  5 or 7 years for lot only, at fixed interest rate (Please contact Paragon Finance Corporation for more details).
  • Option 2 – Buyers also have the option to go for bank financing but they must start making payments using Option 1 payment terms while bank financing is being processed.

Location of foreclosed properties for sale

The list contains properties from the following areas:

• Quezon City
• Paranaque
• Rizal
• Cavite
• Laguna

Download the list of foreclosed properties

You may download the complete list of foreclosed properties available by clicking on the image below. This is updated as of November 15, 2012 where SOLD Properties have a strike through just like the following example: Strickthrough properties

Or just click on the following link to download the list:

• Paragon Finance Corporation auction flyer for November 23, 2012 - PDF

Source: Rachelle Manabat of Paragon Finance Corporation

I would like to acknowledge and give thanks to to Ms. Rachelle Manabat of Paragon Finance Corporation for patiently explaining to me their payment terms and for sending their most updated list.

For inquiries, please call Paragon Finance Corporation DIRECTLY:

Reminders – Please read!

Disclaimer: All properties are offered on “As-is,Where is” basis. Interested parties are advised to check the title, the physical and legal condition of the property. Properties and prices are subject to change without prior notice. The seller reserves the right to withdraw any property prior to the auction. Inadvertent misprints shall not alter the property’s factual condition nor shall be deemed as misrepresentation of the property.

Happy hunting!

~~~

Text by Jay Castillo and Cherry Castillo. Copyright © 2008 – 2012 All rights reserved.

Full disclosure: Nothing to disclose. Due to time constraints, we won’t be able to handle this listing anymore so please contact Paragon Finance Corporation DIRECTLY through their contact details above. As always, our standard disclaimer applies.

Paragon Finance Corporation properties for auction on November 23, 2012 (with knock-out option) is an original post from ForeclosurePhilippines

RCBC Savings Bank foreclosed properties from the Luzon and Metro Manila areas shall be up for grabs in their next Dream Buys Auction on November 24, 2012, Saturday, 9:00am, at the 6th Floor, Development Academy of the Philippines Building, San Miguel Avenue, Pasig City, Philippines.

We won’t be able to attend this auction because we will be attending Bo Sanchez‘s Kerygma Conference 2012 on the same date, so please direct all your inquiries to RCBC Savings Bank. More details and the complete listing of foreclosed properties for sale can be found below.

RCBC Savings Bank foreclosed properties listing (November 24, 2012 auction)

• RCBC Savings Bank Foreclosed Properties Dream Buys Auction on November 24, 2012 - (XLS)

RCBC Savings Bank Dream Buys Auction slated on November 24, 2012 is an original post from ForeclosurePhilippines

The first public sealed bidding for 2013 of Prime PNB foreclosed properties kicks-off on January 25, 2013, Friday, 10:00am, at the 9th Floor, Financial Center, President Diosdado Macapagal Boulevard, Pasay City, Philippines.

Properties from Metro Manila, Luzon, Visayas, and Mindanao are included in this public sealed bidding.

While the auction announcement says Prime properties are for public sealed bidding, cheap foreclosed properties are also included and the cheapest on the list is a 200 sqm residential vacant lot located at Calumpit, Bulacan priced at just Php550,000. Prime properties are normally priced above Php 10-Million and the most expensive on this list is a commercial property in Meycauayan, Bulacan that has a lot area of 6,041 sqm and floor area of 1,970 sqm, and is priced at Php 80-Million.

Download the foreclosed properties listing

The complete list of properties for public sealed bidding can be downloaded through the link below

• Prime PNB foreclosed properties listing for public sealed bidding on January 25, 2013 – PDF

Source: PNB SAMG

How to get more details

To get more details about the public sealed bidding and any of the properties on the list, you can call PNB directly through the phone numbers on the listing above.

You may also get us as your real estate brokers. If you are seriously interested in any of the properties on the list, we invite you to join us in the Pre-Bidding Conference.

Pre-Bidding Conference

The Pre-Bidding conference will be held on January 22, 2013, Tuesday, 2:00pm, at the PNB SAMG Head office, President Diosdado Macapagal Boulevard, Pasay City, Philippines. Details with regard to the public sealed bidding and all properties on the list will be discussed and interested bidders are encouraged to attend. If you are interested to join, just inform us in advance. The best way to contact us would be to leave a comment below. Thanks.

Happy hunting!

~~~

Text by Jay Castillo and Cherry Castillo. Copyright © 2008 – 2012 All rights reserved.

Full disclosure: My wife and I are accredited real estate brokers of PNB. We would appreciate it if you will acknowledge us as your brokers if you found this listing from ForeclosurePhilippines.com, thank you!

Prime PNB foreclosed properties public sealed bidding slated on January 25, 2013 is an original post from ForeclosurePhilippines

The first Buena Mano catalog for 2013 is here! The Buena Mano Q1-2013 Greater Metro Manila area catalog is now ready for download. I can’t help but notice the glossy cover, reminds me of the Panorama Magazine that comes with the Sunday edition of Manila Bulletin. Check out the catalog and details below.

Location of acquired assets

The Q1-2013 Greater Metro Manila catalog includes bank-acquired assets from the following areas:

The Buena Mano Q1-2013 catalogs with glossy cover. You can also get a hard copy of the catalogs for free at most BPI and BPI Family savings Bank branches.

Metro Manila

• Caloocan
• Cavite
• Laguna
• Las Pinas
• Makati
• Malabon
• Manila
• Marikina
• Muntinlupa
• Paranaque
• Pasay
• Pasig
• Quezon City
• Rizal
• San Juan
• Taguig
• Valenzuela

Others

• Batangas
• Bulacan

Property Classifications included in this catalog

Green Tag – Green tag properties are properties with Titles and Tax declarations that are duly consolidated. In other words, ownership has already been transferred to the bank that foreclosed them, and you can confirm this on the Titles/Tax Declarations. Furthermore, the bank holds possession of the properties. This means they are not occupied by any illegal occupants. These foreclosed properties can be inspected anytime if they have caretakers. If a foreclosed property is a condo, you will have to coordinate with us to get the keys.

Yellow Tag – Yellow Tag properties are properties with special concerns which may include:

• The Titles/Tax declarations have not yet been consolidated are in the process of being transferred to the name of the bank that foreclosed the property.
• The property is occupied by the former owner, tenants, or illegal occupants.
• There are property documents that need to be updated (ex. the title has a technical description error that needs to be corrected, etc)

Payment terms

Properties can be purchased with the following payment modes:

• Cash
• Bank financing (through a housing loan)
  • Through BPI, BPI Family Savings Bank or any major domestic bank
  • Terms are subject to separate credit approval by the lending bank

Frequently asked questions and answers

1. Can I make an offer below the asking price?

Yes you may, but the First Come, First Served policy of the bank will not apply to your offer. In other words, other offers that are equal to or higher than the asking price will be attended to first, even if you submitted your offer earlier.

2. Will a cash offer get a better chance of being approved?

Regardless of whether an offer is for cash or bank financing, the First Come, First Served policy will be observed and offers are attended to in the order they are received without biases and preferences.

3. What is the FIRST-COME, FIRST-SERVED POLICY?

First come, first served is the service policy of the bank whereby the offers to purchase are attended to in the order they are received without biases and preferences. This policy shall apply only to offers which are equal to or higher than the bank’s asking price.

4. Are buyers required to pay a reservation fee when submitting an offer?

No, prospective buyers are not required to pay any reservation fee when submitting an offer to purchase. A buyer will only be advised to pay 10%  earnest money once his offer is approved.

5. When is the earnest money due?

The 10% earnest money is usually due within ten (10) calendar days upon the buyer’s receipt of a letter advice from Buena Mano Property Sales and Leases.

The buyer will also be advised through the letter when the balance of the downpayment should be paid, terms and conditions, and other fees. The 10% earnest money will form part of the downpayment.

6. What is the minimum down payment?

The minimum downpayment would depend on the loanable amount that will be approved by the lending bank that will provide the housing loan. It would be equal to the selling price less the approved loan amount.

For example, if the approved loan amount is equal to 80% of the total purchase price, then the minimum down payment shall be the remaining 20%. The minimum downpayment is inclusive of the 10% earnest money, which means if one has already paid the 10% earnest money, only an additional 10% is needed to complete the 20% downpayment.

7. What are the housing loan interest rates?

If you choose to finance the purchase with a housing loan from BPI or BPI Family Savings Bank, it will be through a mortgage contract, and the prevailing interest rates at the time of loan availment will apply.

For your reference, please see below indicative housing loan rates:

Home loan indicative rates are subject to change without prior notice. Always confirm the prevailing interest rate at time of loan availment.

Source: BPI Express Online

Important: The above home loan rates are only indicative rates. To get the prevailing interest rates, you may visit the link above or contact us. We can assist you in securing a bank loan.

8. How long does it take to get loan approval?

The speed of the loan approval depends on many factors like the submission of all required documents. I provide free housing loan application assistance to property buyers as I am also accredited with their housing loans group.

Got a question not answered above? Ask them by leaving a comment below!

Download the Buena Mano Q1-2013 Metro Manila catalog

You may now download a softcopy of the Buena Mano Q1-2013 Greater Metro Manila catalog in PDF format (4.33MB). Just click on the image below to view/download the catalog (requires adobe acrobat reader).

Buena Mano Q1-2013 Greater Metro Manila catalog in PDF format

or just click on the following link:

• Buena Mano Q1-2013 Greater Metro Manila catalog  – PDF

How to make an offer

You just need to fill out the official OFFER TO PURCHASE FORM which can be found inside the catalog. You can also download it separately through this link:

• OFFER TO PURCHASE FORM for BUENA MANO Q1-2013.

Please remember to sign both pages of the offer to purchase form. Email the signed OFFER TO PURCHASE FORM to buenamano(at)bpi.com.ph and jay.castillo(at)gmail.com so we can follow up with the bank regarding your offer. We can also submit your offer for you, just give us a call:

• Jay: 964-9489/0917-8843882
• Cherry: 966-2541/09178568573

If you submit an OFFER TO PURCHASE FORM with my name as your referror/broker, we will make regular follow-ups with the bank regarding your offer and we will give you updates on the same. We will also assist you in securing a bank loan to complete your purchase. We shall likewise take care of the legwork for the payment of taxes and other fees, as well as the transfer of the title of the property to you. All of these services shall be at NO COST TO YOU. These are part of our services as accredited real estate brokers of Buena Mano.

NO RESERVATION FEE IS REQUIRED UPON SUBMISSION OF AN OFFER TO PURCHASE!

How to inquire

The best way to inquire would be by filling up the inquiry form below. It captures all the essential information needed so we can serve you faster. We answer all valid inquiries on a “first come first served” basis.

You can also access the form through this link: https://docs.google.com/spreadsheet/viewform?formkey=dEtYWDZYTUc0Q0FwZURLT0hWRERBanc6MA

*For general inquiries, please leave a comment below.

The “fine print” – PLEASE READ!

ALL PROPERTIES ARE FOR SALE ON “AS IS WHERE IS” AND “FIRST-COME, FIRST SERVED” BASIS. PROPERTIES MAY BE WITHDRAWN WITHOUT PRIOR NOTICE.

Prices are not applicable to buyback transactions with former owners. Please call for buyback prices.

PRICES ARE SUBJECT TO CHANGE WITHOUT PRIOR NOTICE. ALL OFFERS ARE SUBJECT TO MANAGEMENT’S APPROVAL.

Misprints and other errors are unintended and do not constitute acts of misrepresentation, intentional non-disclosure, fraud or withholding of accurate property details and pricing.

PLEASE CONFIRM ENTRIES BY CALLING OUR HOTLINES OR SENDING AN EMAIL TO BUENAMANO(at)bpi.com.ph

As your real estate broker, we shall confirm the availability of properties for you.

To follow up on your inquiries, you may contact us through the following

Before calling, please make sure you have already filled-up the inquiry form above. When calling/texting us, please be ready/include with the following info:

• PROPERTY ID (located at the top right of each property in the catalog)
• PAGE # in the catalog (located at the bottom of the page)

Phone (please call/text from 9am – 6pm Mondays to Fridays)

• Roel: 881-9874 / 0912-5169315
• Jay: 964-9489 / 0917-8843882
• Cherry: 966-2541 / 09178568573

Email

• sales(at)foreclosurephilippines.com

Up next: Luzon, Visayas and Mindanao, Red Tag properties (Metro Manila)

If you are looking for the rest of the Q1-2013 catalogs, the Luzon, Visayas and Mindanao, and the Red Tag Metro Manila catalogs will be next, I just need to digitize them first. Don’t forget to subscribe to email alerts to get notified once these catalogs are published.

Happy hunting!

~~~

To our success and financial freedom!

Jay Castillo

Real Estate Investor
PRC Real Estate Broker License No. 3194
Blog: http://www.foreclosurephilippines.com

Connect with us – Facebook | Twitter | Blog RSS | Google +

Text by Jay Castillo and Cherry Castillo. Copyright © 2008 – 2013 All rights reserved.

Full disclosure: I am an accredited real estate broker of Buena Mano Property Sales and Leases. If you learned about this list of foreclosed properties through ForeclosurePhilippines.com, kindly acknowledge me as the accredited broker who referred you (at no additional cost to you). Other real estate brokers, agents, referrers are welcome, just call us for details!

Disclaimer: The properties on the catalog above are for sale on an “as is where is basis”. All are advised to do the necessary due diligence before entering into a binding commitment financially or otherwise in relation to any of the listings of foreclosed properties published in www.foreclosurephilippines.com. Inadvertent misprints shall not alter the factual condition of any property published in www.foreclosurephilippines.com, nor shall they be deemed as misrepresentation.

The Buena Mano Q1-2013 Metro Manila catalog of bank acquired assets is here! is an original post from ForeclosurePhilippines

I just got this list of 101 repossessed cars from Philmay Property Inc. or PPI, which are for negotiated sale. These are NOT for public auction, interested bidders only need to submit their offers along with other requirements. The complete list repossessed cars and other details can be found below.

Based on the bid form, available payment terms are cash and financing, although I will have to get more details with regard to financing (minimum downpayment, interest rates, years to pay, etc). I’ll update this post once I get the additional info, or you can just call Philmay through their contact details which can be seen after the list of repossessed cars.

Philmay repossessed cars for sale (as of October 31, 2012)

Important Notes

Sale is on “as-is, where-is” basis, no waranties and “no recourse” basis. Status and condition of the properties are not comprehensive or complete: Buyers are therefore advised to conduct their own due diligence prior to submission of an offer to buy.

Applicable forms

• Bid Form – Vehicles
• Buyer’s Info Sheet
• Requirements for Buyers and Brokers

Who to contact

For more details, please feel free to call Philmay DIRECTLY, through the following phone numbers, during office hours (just ask for the person in charge of repossessed cars):

• 524-2470
• 404-2275
• 523-7777 locals 150 and 149

Not looking for repossessed cars?

I post listings of repossessed cars in ForeclosurePhilippines.com because a lot of people are looking for them, but if you are looking for foreclosed properties from Philmay, these will be featured next. Don’t forget to subscribe to email alerts to get notified once I publish these foreclosed property listings.

Happy hunting!

~~~

Text by Jay Castillo and Cherry Castillo. Copyright © 2008 – 2012 All rights reserved.

Full disclosure: While I am an accredited real estate broker of Philmay for their foreclosed properties, but I am not yet sure if this also applies to their repossessed cars. Anyway, you always have a choice to call Philmay directly, but I would appreciate it if you will acknowledge me as your referrer if you found this listing from ForeclosurePhilippines.com, thanks!

101 repossessed cars for sale from Philmay as of October 31, 2012 is an original post from ForeclosurePhilippines

As promised in my post about their repossessed cars, here is the latest updated listing of foreclosed properties from Philmay Property Inc.  or PPI. This includes properties from Metro Manila, Luzon, Visayas, and Mindanao areas, updated as of November 15, 2012.

This is courtesy of Mr. Leslie V. Sevilla – Sales and Marketing Officer of PPI for Visayas and Bulacan areas (contact details can be found below).

The foreclosed properties included in this listing are all for negotiated sale. In other words, all prices are negotiable, subject to management approval.

Payment terms

Aside from cash purchases, these properties can be purchased with the following payment terms:

• 20% minimum downpayment is required.
• 80% balance shall be payable up to 10 years. Longer payment terms (for example, 15 years) is possible, subject to approval.

Download the complete list of Philmay foreclosed properties

You may download the complete list of Philmay foreclosed properties as of November 15, 2012 through the link below.

• Philmay and Maybank foreclosed properties for sale updated November 15, 2012

REMINDERS (Please read!):

1. Prices are negotiable
2. Prices are subject to change without prior notice
3. Philmay reserves the right to amend the terms, conditions, and withdraw/replace anyand all properties anytime for whatever reason Management may deem appropriate
4. All sales shall be on an “as-is, where-is” basis, no waranties and “no recourse” basis. Status and condition of the properties are not comprehensive or complete: Buyers are therefore advised to conduct their own due dilligence prior to submission of an offer to buy
5. The property list is effective for three (3) months from date of release and may reflect properties already sold. Please confirm availability of property from PPI at Tel No. 404-2275/524-2470 and look for any of the following – Rolan, Leslie, Lorna or Gerry
6. Submission of offer to buy is on a first come, best offer basis. PPI reserves the right to conduct private bidding in the event of multiple offers received on the same property subject to the bidding policy of PPI
7. Mere submission of an offer does not construe a right of “first option” by the offeror
8. The creditable withholding tax up to the agreed purchase price shall be for the acocunt of PPI. Any fractional cost or excess shall be for the buyer’s account
9. Prices are not applicable to buyback of the former owners or relatives up to 1st degree of consanguinity. Please confirm with PPI any buyback price
10. All sales transactions are subject to the final approval of the Management of PPI
11. Brokers or agents are not allowed to accept any payment from prospective buyers
12. Taxes and required fees due from buyer must be settled on time during documentation to avoid penalties

Important Notes:

Sale is on “as-is, where-is” basis, no waranties and “no recourse” basis. Status and condition of the properties are not comprehensive or complete: Buyers are therefore advised to conduct their own due diligence prior to submission of an offer to buy.

Buyers shall cause the relocation survey of the properties to determine its exact location/boundaries.

Buyers shall assume the ejectment of the squatters/occupants/lessees/former owners, if any, on the subject property and its attendant cost.

Buyers shall shoulder the acquisition of right-of-way for the subject property, if property is landlocked (no right-of-way).

Who to contact

For details, please feel free to DIRECTLY call the following Officers/Staff of Philmay Property Inc. through the following telephone numbers…

• 524-2470
• 404-2275
• 523-7777 local 150 and 149

and look for…

• Mr. Gerry T. Canlas – Sales and Marketing Specialist (for Luzon and Metro Manila areas)
• Ms. Lorna N. Culili – Sales and Marketing Specialist (for Mindanao, Bicol and Rizal areas)
• Mr. Leslie V. Sevilla – Sales and Marketing Officer (for Visayas and Bulacan areas)
• Mr. Rolan D. David – Sales and Marketing Head

or just leave a comment below.

Happy hunting!

~~~

Text by Jay Castillo and Cherry Castillo. Copyright © 2008 – 2012 All rights reserved.

Full disclosure: I am an accredited real estate broker of Philmay but you always have a choice to call Philmay directly. I would appreciate it if you will acknowledge me as your referrer if you found this listing from ForeclosurePhilippines.com, thank you!

Philmay foreclosed properties listing updated as of November 15, 2012 is an original post from ForeclosurePhilippines

The Philippine Deposit Insurance Corporation or PDIC will be conducting a sealed bidding of Php80.3-Million worth of real estate assets on December 20, 2012, 9:00am, at the 9th Floor PDIC Training Room, SSS Building, V. A. Rufino Street corner Ayala Avenue, Makati City, Philippines.

The deadline for the submission of sealed bids will be at 2:00 pm on the same day. Bids will only be accepted from direct buyers. More details below.

Foreclosed properties and acquired assets from PDIC and closed banks are included in the bidding, and are from Metro Manila, Luzon, Visayas, and Mindanao areas. All properties are for sale on an ”AS-IS, WHERE IS” basis, and buyers are advised to conduct their own due diligence, prior to submitting any sealed bids.

Auction terms

All bidders are required to include in their sealed bids a 10% bid bond in the form of cash or manager’s check. For winning bidders,  the balance of the winning bids must be paid on or before January 4, 2013.

Download the list of PDIC foreclosed properties for sealed bidding

To download the complete list of PDIC foreclosed properties for sealed bidding on December 20, 2012, just click on the image preview below. The list consists of 8 pages and is in PDF format.

Alternately, you may click on the following link to download the list.

• PDIC foreclosed properties sealed bidding invitation to bid – December 20, 2012 (PDF)

Source: PDIC website*

*Other relevant forms and pictures of the properties (when available) can also be found in the official website of the PDIC.

For more information

You may contact PDIC directly through the following telephone numbers

• 841-4665
• 841-4671

Happy hunting!

~~~

Text by Jay Castillo and Cherry Castillo. Copyright © 2008 – 2012 All rights reserved.

Full disclosure: Nothing  to disclose. 

Auction of Php80.3-Million worth of PDIC foreclosed properties slated on December 20, 2012 is an original post from ForeclosurePhilippines

The Development Bank of the Philippines (DBP) will be having a sealed bidding of foreclosed properties from provincial areas on December 20, 2012*, Thursday, 1:30pm, at the Tanghalan ng Julian Felipe, Penthouse, DBP Head Office Building, Senator Gil Puyat Avenue corner Makati Avenue, Makati City, Philippines.

*This will be held on the same day of the Auction of PDIC foreclosed properties which I posted earlier this week.

Included in the sealed bidding are DBP foreclosed properties located in Albay, Cagayan, Camarines Norte, Cebu, Cotabato, Eastern Samar, Lanao Del Norte, La Union, Leyte, Maguindanao, Negros Oriental, Pangasinan, and Zamboanga Del Sur.

According to the invitation to bid, all properties are for sale on “CASH and AS-IS, WHERE-IS BASIS“.

Invitation to Bid

The complete list of properties and other details can be found in the Invitation to Bid which can be downloaded below, just click on the image preview below:

or through the following link:

• DBP foreclosed properties (Provincial areas) Invitation to Bid for sealed bidding on December 20, 2012 (PDF)

Source: DBP Website which is included in our Ultimate list of Philippine Bank websites with foreclosed properties

Reminders

BIDDERS ARE REMINDED:

1. To inspect the properties before the bidding date and determine their actual condition with titles/TDs thereof. 
2. To submit bids in duly accomplished DBP official bid form available during office hours at Acquired Assets, Ground Floor, DBP Head Office; and
3. To be on time. No bid shall be accepted once unsealing of bids commences. The sale shall be subject to other terms and conditions which may be imposed by the Bank.

DBP RESERVES THE RIGHT TO REJECT ANY OR ALL BIDS, TO WAIVE ANY FORMALITY THEREIN, OR TO ACCEPT SUCH BIDS AS MAY BE CONSIDERED MOST ADVANTAGEOUS TO THE BANK. THE DECISION OF THE BANK IS FINAL AND BINDING.

DBP foreclosed properties (provincial areas) sealed bidding slated on December 20, 2012 is an original post from ForeclosurePhilippines

Still at zero-interest for the 10% downpayment (6 months to pay)

We welcome 2013 with the first auction of Unionbank foreclosed properties for Luzon and Metro Manila, which will be held on January 26, 2013, Saturday, 9:00am, at the 29th Floor, UnionBank Plaza, Meralco Ave. cor. Onyx Road, Ortigas Center, Pasig City, Philippines.

Actually, there will be a second auction which will immediately follow the Luzon and Metro Manila foreclosed properties, and this is for the brand new AMALFI units located in Dasmarinas Cavite.

Interested bidders only need to bring Php20,000 show money in the form of cash or manager’s checks (MC) per property. The auction proper starts at exactly 9:00am, so bidders are reminded to come early to register!

New items

This listing of foreclosed properties from UnionBank has a number of new and interesting items, which includes two condo units at Raya Gardens Paranaque (developed by DMCI, very familiar for me because I am marketing a unit here).

The condo units have a total floor area of 120 sqm, and have a total selling price of Php4,850.000.00, which is about Php40,416.67/sqm. Please take note however that the CCT of the units are still undergoing consolidation, but they are unoccupied.

NEW ITEM: Condo Units 513 & 514, 5th Floor, Building B (Bandung Building), Raya Gardens Condominium, West Service Road of SLEX, Merville, Paranaque City, NCR

Auction terms

UnionBank still offers probably the most affordable *credit terms as follows:

*Still no credit checking for residential properties!

Cash purchases will get a 5% discount (terms and conditions apply)!

Download the UnionBank foreclosed properties listing

You may download the complete list of foreclosed properties included in UnionBank’s 195th special public auction on December 15, 2012, just click on the image below…

or click on the following link:

• 196th UnionBank foreclosed properties auction (Luzon and Metro Manila) January 26, 2013 (PDF)

Source: Lance Yadao and Ronald Panganiban, Union Bank of the Philippines Asset Recovery Group

How to inquire

To inquire about any of the foreclosed properties on the list, please call UnionBank directly through the following:

*Please call during office hours: 8:30am to 5:30pm (Monday to Friday)

The “fine print”

Commercial properties are subject to credit approval

CWT is for the account of the buyer

The sale is on an “as is where is” basis Misprints are not misrepresentation of any property

UnionBank may, at anytime, withdraw any of the properties listed above prior to auction

 

Are you bidding?

If you are going to bid on a property, and you learned about the property from www.foreclosurephilippines.com, kindly acknowledge me as your referror during the auction. Don’t forget to let me know by calling/texting 0917-8843882, so I can assist you during, and after the auction (we do this for free!).

We would appreciate it if you can call/text to confirm your attendance so we can reserve a seat for you during the auction. Thank you.

Happy hunting!

~~~

Text by Jay Castillo and Cherry Castillo. Copyright © 2008 – 2013 All rights reserved.

Full disclosure: If a buyer will acknowledge me as their referror, I may receive referral fees (at no additional cost to the buyer). Thank you in advance for supporting our hard work and this website.

196th Unionbank foreclosed properties auction slated on January 26, 2013 is an original post from ForeclosurePhilippines

These are the updated listings of foreclosed properties and repossessed cars from Philmay Property Inc. (PPI) and Maybank as of December 31, 2012. Foreclosed properties and repossessed cars included on the listings are from Metro Manila, Luzon, Visayas, and Mindanao areas. Checkout the complete listings and other details below.

Thanks again to Mr. Leslie V. Sevilla – PPI Sales and Marketing Officer, for sending us their updated listing.

Philmay and Maybank foreclosed properties

Payment terms and other details

The foreclosed properties are for negotiated sale. In other words, all prices are negotiable, subject to management approval.

• Cash
• Installment:
  • 20% minimum downpayment is required.
  • 80% balance shall be payable up to 10 years. Longer payment terms (for example, 15 years) is possible, subject to approval.

Download the complete list of Philmay foreclosed properties

You may download the complete list of Philmay foreclosed properties as of December 31, 2012 through the link below.

• Pricelists of MPI & PPI Foreclosed Properties for Sale as of Dec 31, 2012

REMINDERS (Please read!):

1. Prices are negotiable
2. Prices are subject to change without prior notice
3. Philmay reserves the right to amend the terms, conditions, and withdraw/replace anyand all properties anytime for whatever reason Management may deem appropriate
4. All sales shall be on an “as-is, where-is” basis, no waranties and “no recourse” basis. Status and condition of the properties are not comprehensive or complete: Buyers are therefore advised to conduct their own due dilligence prior to submission of an offer to buy
5. The property list is effective for three (3) months from date of release and may reflect properties already sold. Please confirm availability of property from PPI at Tel No. 404-2275/524-2470 and look for any of the following – Rolan, Leslie, Lorna or Gerry
6. Submission of offer to buy is on a first come, best offer basis. PPI reserves the right to conduct private bidding in the event of multiple offers received on the same property subject to the bidding policy of PPI
7. Mere submission of an offer does not construe a right of “first option” by the offeror
8. The creditable withholding tax up to the agreed purchase price shall be for the acocunt of PPI. Any fractional cost or excess shall be for the buyer’s account
9. Prices are not applicable to buyback of the former owners or relatives up to 1st degree of consanguinity. Please confirm with PPI any buyback price
10. All sales transactions are subject to the final approval of the Management of PPI
11. Brokers or agents are not allowed to accept any payment from prospective buyers
12. Taxes and required fees due from buyer must be settled on time during documentation to avoid penalties

Important Notes:

Sale is on “as-is, where-is” basis, no waranties and “no recourse” basis. Status and condition of the properties are not comprehensive or complete: Buyers are therefore advised to conduct their own due diligence prior to submission of an offer to buy.

Buyers shall cause the relocation survey of the properties to determine its exact location/boundaries.

Buyers shall assume the ejectment of the squatters/occupants/lessees/former owners, if any, on the subject property and its attendant cost.

Buyers shall shoulder the acquisition of right-of-way for the subject property, if property is landlocked (no right-of-way).

Philmay and Maybank repossessed vehicles

You may download the complete list of Philmay repossessed cars as of December 31, 2012 through the link below.

• Philmay and Maybank Foreclosed Vehicles as of Dec 31, 2012

Related form:

• PPI Official Bid Form – Vehicles

Note:

1. Prices are subject to change without prior notice
2. Sale shall be on “as-is, where-is” basis
3. Submission of offer to buy is on a first come, best offer basis
4. MPI reserves the right to conduct sealed bidding in the event of multiple buyers
5. Mere submission of an offer does not construe a right of “first option” by the offeror
6. All sales transactions are subject to the final approval of the Management of MPI
7. You may call us at 404-22-75 and look for any members of Philmay Sales and Marketing Unit

Who to contact

For details, please feel free to DIRECTLY call the following Officers/Staff of Philmay Property Inc. through the following telephone numbers…

• 524-2470
• 404-2275
• 523-7777 local 150 and 149

and look for…

• Mr. Gerry T. Canlas – Sales and Marketing Specialist (for Luzon and Metro Manila areas)
• Ms. Lorna N. Culili – Sales and Marketing Specialist (for Mindanao, Bicol and Rizal areas)
• Mr. Leslie V. Sevilla – Sales and Marketing Officer (for Visayas and Bulacan areas)
• Mr. Rolan D. David – Sales and Marketing Head

or just leave a comment below.

Happy hunting!

~~~

Text by Jay Castillo and Cherry Castillo. Copyright © 2008 – 2012 All rights reserved.

Full disclosure: I am an accredited real estate broker of Philmay but you always have a choice to call Philmay directly. I would appreciate it if you will acknowledge me as your referrer if you found this listing from ForeclosurePhilippines.com, thank you!

Philmay and Maybank foreclosed properties and repossessed cars as of December 31, 2012 is an original post from ForeclosurePhilippines

The Philippine National Bank Special Assets Management Group (PNB-SAMG) shall be having a public auction of PNB foreclosed properties on February 7, 2013, 2:00pm, at The Avenue Plaza Hotel, Magsaysay Avenue, Naga City.

*If you are looking for PNB foreclosed properties in Metro Manila, check out their Prime Properties auction on January 25, 2013

This auction in Naga City will include properties located at Albay, Camarines Norte, Camarines Sur, Catanduanes, Masbate, and Sorsogon. Please see details below.

Property Auction Details

UP TO 25% DISCOUNT

AS LOW AS 8% INTEREST RATE*

PAYMENT TERMS UP TO 10 YEARS

For installment Buyers

PLS.BRING PROOF OF INCOME ITR, Cert. of Employment, Bank statement etc)

DEPOSIT : PhP 25,000.00 CASH OR MANAGERS CHECK ONLY

NO DEPOSIT , NO PARTICIPATION

*Rates may vary according to market value of property (see below)

Items with a selling price above Php 1 Million

• 1-5 years > 10%
• 6-10 years > 12%

Pabahay Bonanza (below Php 1 Million)

• 8% fixed interest rate for installment terms

*For more details, please contact PNB-SAMG directly.

Download the complete list of foreclosed properties

The complete list of foreclose properties can be found inside the auction flyer below. Just click to download.

Or just click on the following link: PNB foreclosed properties auction Naga City Flyer February 7, 2013 (PDF)

Important reminders – please read!

Auctioneer reserves the right at any time to pull out or update status of the properties in the event discrepancies are found.

PROPERTIES FOR SALE ARE ON AN “AS IS WHERE IS BASIS”

Inadvertent misprints shall not alter the property’s factual condition or shall they be deemed as a misrepresentation of the property.

For more details, please contact PNB SAMG directly through the contact numbers on the auction flyer.

Happy hunting!

~~~

Text by Jay Castillo and Cherry Castillo. Copyright © 2008 – 2013 All rights reserved.

Full disclosure: My wife and I are accredited real estate brokers of PNB but the properties on this listing are outside of our coverage so interested buyers are advised to contact PNB-SAMG directly. Thank you for understanding.

Naga PNB foreclosed properties (at up to 25% discount) auction slated on February 7, 2013 is an original post from ForeclosurePhilippines

Many people who wish to buy their own homes or investment properties but cannot get over the financing barrier. Questions such as, “How do I get money for the downpayment?” or “Will I get approved for a loan?” are not uncommon.

Thankfully, UnionBank found a way to answer these concerns. Continue reading to learn more.

No credit checking

UnionBank is the only bank I know which has no credit checking. So, for those who are not employed, no need to worry about your ITR or other papers. Overseas Filipino Workers (OFWs) are welcome too. Even if you have no checking account, you will be allowed to open one with UnionBank (personally) once you purchase a property from them, but only for the sole purpose of issuing checks for the payment of your loan with them.

How about the downpayment?

Unionbank is the only bank I know which allows a buyer to pay only 10% downpayment over six (6) months. After six months or the completion of the 10% downpayment, the buyer may already move in the property. Thus, there is no need to pay downpayment for a pre-selling unit and rental for your current home simultaneously beyond six months. For Unionbank’s Amalfi properties in particular, they devised a special financing scheme which would make it easier for buyers to complete their payments.

Unionbank’s financing scheme

To illustrate, let’s take the example of a ready for occupancy Amalfi house and lot valued at P2,466,288  with a lot area of 92 square meters and a floor area of 64 square meters. The payments are as follows:

• P12,331.44 per month for 5 months
• P184,971.60 on the 6^th month
• P12,948.01 for the next 24 months. This is an interest-only loan at an interest rate of 7% per year. Interest-only meaning the payments all go to interest only and none to the principal.
• P22,196.59 for the next 35 months (effectively, the 25^th to 59^th month of the loan). Henceforth, the amortization payments now go both to the principal and interest, and the interest rate is fixed at 11% per year.
• P133,179.55 on the 60^th month of the loan (end of the 5^th year of the loan)
• P22,196.59 for the next 35 months (effectively, the 61^st to 95^th month of the loan).
• P133,179.55 on the 96^th month of the loan (end of the 8^th year of the loan)
• P22,196.59 for the next 35 months (effectively, the 97^th to 131^st month of the loan).
• P199,769.33 on the 132^nd month of the loan (end of the 11^th year of the loan)
• P22,196.59 for the next 35 months (effectively, the 133^rd to 167^th month of the loan).
• P199,769.33 on the 168^th month of the loan (end of the 14^th year of the loan)
• P22,196.59 for the next 35 months (effectively, the 169^th to 203^rd month of the loan).
• P101,345.06 on the 204^th month of the loan (end of the 17^th year of the loan)

Basically, they tried to lower the regular monthly payments, but there will be balloon payments on the 6^th month, and end of the 5^th, 8^th, 11^th, 14^th, and 17^th years of the loan. If you believe you are capable of paying these amounts and are disciplined enough to save for such payments, you may consider these properties.

Since these properties will be auctioned off, interested bidders only need to bring Php20,000 show money (cash or MC) per property. The bank will shoulder the CWT up to the selling price for the Amalfi house and lots.

Loan takeout

If you like the Amalfi properties but would like to have your loan with another bank, please note that Unionbank does not accept only a Letter of Guarantee (LOG). It must be fully paid before it will release the title to the property. Only Sterling Bank, Maybank, and PSBank agree to this arrangement. The good news is, Unionbank will give the buyer thirty (30) days to process his/her loan papers with the other bank, and once Unionbank is paid in full within that period, the purchase will be considered as a cash purchase which shall be entitled to a five percent (5%) discount.

Status of the properties

These are all brand new, never been occupied, Italian inspired house and lots, fully finished, complete with fixtures, ready for occupancy (RFO), and are for sale through public auction.

All of these house and lots in Amalfi have clean titles and are registered under the name of the bank who owns them, they have never been occupied (they are all brand new!), real property taxes are current, and they don’t have any lis pendens or pending court cases. These properties are for sale on an “as is where is” basis.

Property details

• Location: The Islands, Brgy Paliparan, Dasmarinas Cavite
• Available house model: Calista
• Floor Area: 64 sqm
• Lot Area: 92 sqm to 315 sqm
• Bedrooms: 3
• Toilets and bath: 2
• Ground floor: Living room, kitchen, dining area, and a toilet and bath
• Second floor: Three bedrooms and a toilet and bath.

Features and amenities

• Safe and secure gated subdivision (for your peace of mind)
• Complete road network 12-20 meters wide subdivision roads with underground drainage system
• Water supplied by Prime Water
• Electricity supplied by Meralco
• Clubhouse with basketball court
• Near Saint Paul College within Island Park
• SM City Dasmarinas and Robinsons Place Dasmarinas are just 2 kilometers away.
• With 24-hour shuttle service inside the subdivision

“Virtual Tour” Videos

Additional pictures

Vicinity Map

Minimum Bid Price

• For H&L with LA 92 sqm, FA 64 sqm : Php2,466,288.00 (13 house and lots available)
• For H&L with LA 192 sqm, FA 64 sqm : Php3,316,288.00 (3 house and lots available)

*More house and lots are available with different lot areas and pricing.

Date of auction

These properties are included in the UnionBank foreclosed properties auction on January 26, 2013. Auction proper starts at 9:00am so please come early to register.

How to inquire

The best way to inquire would be through the inquiry form below.

If you can’t see the inquiry form above, you may also access it through the following link: https://docs.google.com/spreadsheet/viewform?formkey=dFZaMkQwRmJpQjk3RkpQcHMzdU9WMkE6MQ#gid=0

For more details and site trippings, you may contact us through the following

• Jay: 964-9489/0917-8843882
• Cherry: 966-2541/0917-8568573

Or just leave a comment below. Thanks!

~~~

To our success and financial freedom!

Jay Castillo

Real Estate Investor
PRC Real Estate Broker License No. 3194 
Blog: http://www.foreclosurephilippines.com
Connect with us – Facebook | Twitter | Blog RSS | Google +

Text by Jay Castillo and Cherry Castillo. Copyright © 2008 – 2012 All rights reserved.

As always, our standard site disclaimer applies

Full disclosure: We are accredited real estate brokers of the owners/sellers of the Amalfi house and lots in this listing and we shall be entitled to commissions/professional fees for each consummated sale (at no additional cost to the buyer). Thank you in advance for supporting our hard work and this website! We are open to partnerships with licensed brokers/agents/referrals, just call us for details!

Special financing scheme now available for Unionbank’s house and lots at Crown Asia’s Almalfi Subdivision is an original post from ForeclosurePhilippines