I received a real estate foreclosure listing of Metrobank’s bank foreclosed properties for sale from Jennifer Ong, a freelancer. I am now posting the listing after getting permission from Jennifer, and I would also like to give thanks and due credit to Jennifer for letting me post this list of foreclosed properties for sale.
Please take note that this is a nationwide real estate foreclosure listing from Metrobank, which includes more than 3,000 bank foreclosed properties throughout Metro Manila and the rest of the Philippines. This is not an auction, interested buyers can submit their offers or negotiated bids to Metrobank’s AAMDG. If you are interested on candidate properties for real estate investments, or if you have any other questions, you may contact Jennifer through her e-mail address: jennmark@hellokitty.com
Although the listing indicates it was updated as of October 7, 2008, the list appears to be unchanged upon checking when I asked for an updated copy at the Acropolis Branch of Metrobank, just before the Christmas break.
I also tried to counter check with Metrobank’s website but when I do a property search, no properties are listed, there’s probably a glitch or their database is under maintenance. Furthermore, the links to download Metrobank’s directory of their Sales Division, Offer-to-buy form, and Client Information sheet also appear to be broken as of this writing. I’ll try to get these and update this post later.
In the meantime, you can download the Metrobank listing of bank foreclosed properties for sale here!
Don’t forget to subscribe to my mailing list if you don’t want to miss any new listings of foreclosed properties for sale.
IMPORTANT REMINDERS:
1.) All sales on “AS-IS, WHERE-IS” and “NO RECOURSE” basis. No warranties.
2.) Prices are NOT applicable to buybacks by former owners. Please contact Sales Division for buyback price.
3.) Properties & prices subject to change anytime & may be removed from the list for any reason Top Management deems appropriate.
4.) The list may reflect properties sold without the knowledge of AAMDG. For immediate correction, kindly advise AAMDG of such fact if identified.
5.) If multiple offers are received for the same property, a bidding shall be conducted and the property shall be awarded to the highest bidder.
6.) Mere submission of an Offer to Buy does not confer “first option” or “first right” to the offeror.
7.) The deficiencies stated herein are not meant to be exhaustive, comprehensive or complete. Buyers are advised to conduct their own due diligence prior to making an offer.
8.) The Bank only shoulders Creditable Withholding Tax up to purchase price. Excess CWT and all other friction costs* are for buyer’s account.
*- Does anyone know what “friction costs” mean? Please do leave a comment if you do. Thanks!
Hi, I’m Jay Castillo, full time dad, real estate investor, and internet marketer, based in the Philippines
Based on google search:
Friction Costs
—>The implicit and explicit costs associated with market transactions
—>These costs include commissions, tax implications, time value of money, etc.
Note: Anyone can expand this, for us to learn more… To our success…. Thank you for sharing Jay….
EARTH
Ah okay, thanks Earth!
this is an interesting post, will ask ms. jennifer about this =)
Thanks Dins, please don’t forget to tell Jennifer I referred you. Thank you also for visiting!
Hi Jay Castillo
Can I meet up with you to discuss more about forclosed properties??
Thk u
Lin
Sure Lin, what exactly about foreclosed properties would you like to discuss?
Hi Jay,
This is very interesting. Thanks for the post.
Would you know Ms. Jen’s contact no?
I’d like to inquire on some properties listed here. I can’t seem to wait for her to reply on my email..
Thanks!
Julie
Hi Julie, you’re welcome and thank you also for visiting my blog. Unfortunately, I only have with me Jennifer’s e-mail address. I suppose it would be okay to call Metrobank directly while waiting for her reply, just mention you got the listing from Jennifer.
I’ll give them a call then. Thanks!
You’re welcome Julie. Please update us how it goes. Good luck and happy investing!
hello jay
this posting is interesting thanks a lot but i need help for inquiries of few properties its my first time really need more info or number of metro bank to call direct…
thanks appreciate it
elsie
Hi Elsie, I have just checked and you can now download Metrobank’s Directory of Sales People Here and give them a call. I also updated the post to include this. Thanks for dropping by!
hello im looking for a property in mandaue lot with bldg. or without . my required area is 1,000-1,500 sqm. hope u could help me. thanks.
hi Mr. Jay Castillo
How r u? I always visit these website. I want to ask your help by giving me lists of foreclosed lots or h/lots in Lipa Bats. Thanx for ur time
Hi Marylou, i’m fine thank you! Thank you also for being a regular visitor. I’ll be on the lookout for foreclosed properties in Batangas for you but please bear with me if it might take some time due to work(as usual). Anyway, one more month of patience is all I ask. Thanks!
Hi Jay
Do you have a list of foreclosed residential places in QC and Ortigas?
Thanks
Jill