Comments on: 31 Questions you need to ask when inquiring about a foreclosed property http://www.foreclosurephilippines.com/2009/03/31-questions-you-need-to-ask-when.html Your trusted resource for foreclosure investing in the Philippines with listings of foreclosed properties, real estate auctions, real estate investing tips, and more! Wed, 08 Feb 2012 16:17:04 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jay Castillo http://www.foreclosurephilippines.com/2009/03/31-questions-you-need-to-ask-when.html#comment-1124 Jay Castillo Mon, 17 Oct 2011 10:06:59 +0000 http://localhost/wordpress/index.php/2009/03/31-questions-you-need-to-ask-when-inquiring-about-a-foreclosed-property.html#comment-1124 Trace-back is already the term you can use, you just need to say up to how many transfers you want to check. Thanks and goodluck! Trace-back is already the term you can use, you just need to say up to how many transfers you want to check. Thanks and goodluck!

]]> By: tondomanila http://www.foreclosurephilippines.com/2009/03/31-questions-you-need-to-ask-when.html#comment-1123 tondomanila Mon, 17 Oct 2011 09:00:21 +0000 http://localhost/wordpress/index.php/2009/03/31-questions-you-need-to-ask-when-inquiring-about-a-foreclosed-property.html#comment-1123 what is the official term for a trace-back if i want to request one from the registry of deeds? i already have a copy of the tct. thanks and more power! what is the official term for a trace-back if i want to request one from the registry of deeds? i already have a copy of the tct. thanks and more power!

]]> By: Leo http://www.foreclosurephilippines.com/2009/03/31-questions-you-need-to-ask-when.html#comment-1122 Leo Wed, 04 May 2011 16:41:52 +0000 http://localhost/wordpress/index.php/2009/03/31-questions-you-need-to-ask-when-inquiring-about-a-foreclosed-property.html#comment-1122 Good day Jay, Thanks for sharing this very informative blog site. It is a really a big help for anyone interested in going into the real estate investing. I am currently out of the country and holds dual citizenship. I am paying a visit in October this year. My husband and I are planning to spend and enjoy our retirement here in a few years from now. How can I bid or place an offer on a property? I can give the bank a call but would they consider my offer considering that i am not a resident? I would greatly appreciate any additional information/guidelines you could share. Thanks very much. Good day Jay,
Thanks for sharing this very informative blog site. It is a really a big help for anyone interested in going into the real estate investing.
I am currently out of the country and holds dual citizenship. I am paying a visit in October this year. My husband and I are planning to spend and enjoy our retirement here in a few years from now.
How can I bid or place an offer on a property? I can give the bank a call but would they consider my offer considering that i am not a resident?
I would greatly appreciate any additional information/guidelines you could share.
Thanks very much.

]]> By: Star foreclosed property auctions (GMA and North Luzon) slated on May 17, 2011 | Foreclosure Investing Philippines http://www.foreclosurephilippines.com/2009/03/31-questions-you-need-to-ask-when.html#comment-1121 Star foreclosed property auctions (GMA and North Luzon) slated on May 17, 2011 | Foreclosure Investing Philippines Tue, 03 May 2011 14:50:55 +0000 http://localhost/wordpress/index.php/2009/03/31-questions-you-need-to-ask-when-inquiring-about-a-foreclosed-property.html#comment-1121 [...] right?!But does this mean you can already ignore question no. 13 and also questions 15 to 21 in the 31 questions you need to ask when inquiring about foreclosed properties? Of course not! You still need to double check these as part of your due diligence.Although only [...] [...] right?!But does this mean you can already ignore question no. 13 and also questions 15 to 21 in the 31 questions you need to ask when inquiring about foreclosed properties? Of course not! You still need to double check these as part of your due diligence.Although only [...]

]]> By: Anne http://www.foreclosurephilippines.com/2009/03/31-questions-you-need-to-ask-when.html#comment-1120 Anne Wed, 16 Feb 2011 19:40:06 +0000 http://localhost/wordpress/index.php/2009/03/31-questions-you-need-to-ask-when-inquiring-about-a-foreclosed-property.html#comment-1120 Hello ,Mr Jay.Can I pls have a copy of rent to own contract?Thank you very much for the informative blogs.More power and God bless. Hello ,Mr Jay.Can I pls have a copy of rent to own contract?Thank you very much for the informative blogs.More power and God bless.

]]> By: William Tingle http://www.foreclosurephilippines.com/2009/03/31-questions-you-need-to-ask-when.html#comment-1119 William Tingle Tue, 23 Nov 2010 14:14:23 +0000 http://localhost/wordpress/index.php/2009/03/31-questions-you-need-to-ask-when-inquiring-about-a-foreclosed-property.html#comment-1119 There is just no doing away with being prepared. The 31 questions really help you determine the direction you are going to go. Details are important, the more you find out, the better informed you will be when you make those decisions. There is just no doing away with being prepared. The 31 questions really help you determine the direction you are going to go. Details are important, the more you find out, the better informed you will be when you make those decisions.

]]> By: sandstorm http://www.foreclosurephilippines.com/2009/03/31-questions-you-need-to-ask-when.html#comment-1118 sandstorm Wed, 28 Jul 2010 12:15:50 +0000 http://localhost/wordpress/index.php/2009/03/31-questions-you-need-to-ask-when-inquiring-about-a-foreclosed-property.html#comment-1118 Hi Jay, Few weeks ago, I was searching everywhere for properties for sale particularly on farmlands. Then my digging brought me to this website. Since then I feel like I’m becoming obsessed with property hunting and analysis. I’ve read every single post and so far, I think, everything is “consumable” – nothing to throw that is. Kudos for the great job bro! Now, I started analyzing properties and actually sent some queries to banks (I’d say they are accommodating, so far) and received prompt and comprehensive replies. With the help of your "Analysis Steps/ Tips" it's a breeze doing the math. Your posts are very useful and quite easy to understand even for a newbie like me. By the way, I am an Engineer based here in Saudi, and I feel like I'm gonna go into it (foreclosure biz)soon! My question is regarding your “suggestion to just make an offer at 40% below market value” and in relation to your "31 Questions you need to ask when inquiring about a foreclosed property" , which I readily used in one of my previous queries with the bank. I think a possible follow-up question to “27. How old is the property?” would be “when was the property foreclosed?” I think it’s worth including but I’m not sure whether this may add to the buyer’s leverage in the negotiation table. Just like in one property I inquired, I learned that it has been foreclosed since 1998 (but with caretaker, and the property is in the bank's possession). I don’t know if 12 years of "inactivity" is just normal for foreclosed properties. Hence, Jay, can you judge the seller’s motivation in this instance? Shall I apply your “-40% Rule” in the negotiation? Or, that “40% less” will be applicable in any offer I will make, regardless of the situation and condition of the property? Do you think this "40%" is worth trying also in other property types, on farmland, maybe? Thanks for your help and may God Bless you. Hi Jay,

Few weeks ago, I was searching everywhere for properties for sale particularly on farmlands. Then my digging brought me to this website. Since then I feel like I’m becoming obsessed with property hunting and analysis. I’ve read every single post and so far, I think, everything is “consumable” – nothing to throw that is. Kudos for the great job bro!

Now, I started analyzing properties and actually sent some queries to banks (I’d say they are accommodating, so far) and received prompt and comprehensive replies. With the help of your “Analysis Steps/ Tips” it’s a breeze doing the math. Your posts are very useful and quite easy to understand even for a newbie like me. By the way, I am an Engineer based here in Saudi, and I feel like I’m gonna go into it (foreclosure biz)soon!

My question is regarding your “suggestion to just make an offer at 40% below market value” and in relation to your “31 Questions you need to ask when inquiring about a foreclosed property” , which I readily used in one of my previous queries with the bank.

I think a possible follow-up question to “27. How old is the property?” would be “when was the property foreclosed?” I think it’s worth including but I’m not sure whether this may add to the buyer’s leverage in the negotiation table.

Just like in one property I inquired, I learned that it has been foreclosed since 1998 (but with caretaker, and the property is in the bank’s possession). I don’t know if 12 years of “inactivity” is just normal for foreclosed properties. Hence, Jay, can you judge the seller’s motivation in this instance? Shall I apply your “-40% Rule” in the negotiation? Or, that “40% less” will be applicable in any offer I will make, regardless of the situation and condition of the property? Do you think this “40%” is worth trying also in other property types, on farmland, maybe?

Thanks for your help and may God Bless you.

]]> By: helen p. aquines http://www.foreclosurephilippines.com/2009/03/31-questions-you-need-to-ask-when.html#comment-1117 helen p. aquines Tue, 06 Jul 2010 02:00:15 +0000 http://localhost/wordpress/index.php/2009/03/31-questions-you-need-to-ask-when-inquiring-about-a-foreclosed-property.html#comment-1117 Hi Sir Jay, Me too, can I have a copy of the Rent-to-Own Contract sir? Although, I haven't taken the first step yet due to financial problem, I know one of these days, I'll be on my way to financial freedom. As my mentor, I won't go wrong. Mabuhay ka Sir Jay. My emai add is hpaquines@yahoo.com. Thank you. Hi Sir Jay,

Me too, can I have a copy of the Rent-to-Own Contract sir? Although, I haven’t taken the first step yet due to financial problem, I know one of these days, I’ll be on my way to financial freedom. As my mentor, I won’t go wrong. Mabuhay ka Sir Jay. My emai add is hpaquines@yahoo.com.

Thank you.

]]> By: Helen http://www.foreclosurephilippines.com/2009/03/31-questions-you-need-to-ask-when.html#comment-1116 Helen Mon, 14 Jun 2010 02:38:46 +0000 http://localhost/wordpress/index.php/2009/03/31-questions-you-need-to-ask-when-inquiring-about-a-foreclosed-property.html#comment-1116 I am so thankful I've come across your blogs about investing in real estate, its my first time, but i think its worth investing my time learning from you, thanks for sharing your precious experiences and wisdom to all of us who are presently broke but dreaming to have a financial freedom like you. God Bless You! I am so thankful I’ve come across your blogs about investing in real estate, its my first time, but i think its worth investing my time learning from you, thanks for sharing your precious experiences and wisdom to all of us who are presently broke but dreaming to have a financial freedom like you. God Bless You!

]]> By: Jonha http://www.foreclosurephilippines.com/2009/03/31-questions-you-need-to-ask-when.html#comment-1115 Jonha Sun, 02 May 2010 22:37:49 +0000 http://localhost/wordpress/index.php/2009/03/31-questions-you-need-to-ask-when-inquiring-about-a-foreclosed-property.html#comment-1115 Mukhang ang hirap naman pala bumili ng foreclosed properties na parang mas mabuti nalang na bumili ka nga bagong properties. Pero maraming salamat sa list kasi it helps people na maging aware sa mga anong dapat gawin. .-= Jonha´s last blog ..<a href="http://feedproxy.google.com/~r/Jonhappiness/~3/Ez8puJ-x5uM/my-rags-to-clothes-story-modern-rags-to.html" rel="nofollow">My Rags to Clothes Story - A Modern Rags to Riches Story</a> =-. Mukhang ang hirap naman pala bumili ng foreclosed properties na parang mas mabuti nalang na bumili ka nga bagong properties. Pero maraming salamat sa list kasi it helps people na maging aware sa mga anong dapat gawin.
.-= Jonha´s last blog ..My Rags to Clothes Story – A Modern Rags to Riches Story =-.

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