Terence Ong of Real Estate Philippines News Blog came out with this great article on How to Choose: PRE-SELLING vs FORECLOSED vs SECONDARY PROPERTIES where he created a chart that shows what one should expect when buying pre-selling , foreclosed, and secondary properties, in terms of quality, availability of use, price per square meter, payment terms, best traits, and worst traits. Better check out the article here.

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RobinsonsBank shall be having a public auction on March 31, 2009, Tuesday, 10:00 A.M., at the 17/F Galleria Corporate Center, Edsa cor Ortigas Avenue, Quezon City, Philippines.

I have started this Frequently Asked Questions or FAQ about foreclosed properties for the benefit of visitors who may be looking for answers to questions that have already been asked in the past. This is a work in progress and I shall regularly update this FAQ with new questions and answers from the comments section and from readers’ e-mails. Read the rest of this entry

Have you ever tried calling up a bank to inquire about a foreclosed property that interests you and you found yourself forgetting a lot of questions that you were supposed to ask? You then quickly say thanks and just hang up but when you finally compose yourself and remember what you wanted to ask, you have second thoughts because you feel too embarrassed to make another call. I’ve been there and I know how it feels. However, there is a solution for this. All you need is practice and a ready set of questions that can serve as your script so you can ask questions like a seasoned real estate investor.

Here goes…

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If you are new to real estate investing, you may often encounter acronyms when skimming through classified ads, while discussing with banks/brokers/other seasoned real estate professionals, or even while driving past a house that has a for sale sign. Read the rest of this entry

If you are looking for foreclosed homes for sale, you just might find what you’re looking for in the post-auction foreclosure listing of RCBC Savings Bank. This foreclosure listing includes unsold properties from their recent Dream Buys Auction Sale held last February 28. Read the rest of this entry

Unionbank shall be having another special public auction of foreclosed properties on March 28, 2009, Saturday, 9:00am, at the Delas Alas Room, 2nd floor, Philippine Columbian Sports Club, Plaza Dilao, Paco, Manila, Philippines. Read the rest of this entry