The Ultimate List of Philippine bank websites with online listings of foreclosed properties

wow! this is amazing. i find the info here to be very useful!!! thanks!

the earning student

wow, as in im amazed…galing talaga nyo.

God bless you always.

A lot of info here Jay! You’re making foreclosure research easier for everyone!

BTW. Are you building another site. I went by it and it had no posts yet. Anyway update me!

@ice_hot, thanks! I salute you by the way, early on you already have your mindset on earning. I wish I was like you when I was a student. Anyway, baka magulat na lang ako when I find out na out of the rat-race ka na before you graduate. =)

@Betty, nice to see you again here, I think you’ll be happy to know that the next post I’ll publish is from my wife, which means it’s all about creditable withholding tax. Dami kasing details that needed to be included.

@Ron, Thanks! I really hope this will make it easier for people to start investing in real estate. Yup, I am building another site but I haven’t been able to start yet. Will let you know when its ready. Thanks for visiting!

Hello Jay,

Here is another link to a bank asset
http://www.premierebank.com.ph/v3/?page_id=22

How can I hook up with guys like you who does foreclosed assets? Can I join you also in the coming auction on Mar. 12? It will be swell to observe you guys and hopefully learn how to do the oculars and biddings.

Hello Wilson, thanks for the link! Their website is not listed in the directory of banks at BSP’s website, good thing you shared it here, thanks again! I have just added them to the list. For March 12, I really hope I can come but I’m not sure because it’s on a Thursday. By the way, I won’t be bidding on March 12.

This is very useful info, thanks for the share.

Great listing of all Philippine bank website that have their listings of foreclosures for sale available online

Thank you for sharing all of this with us.

Here’s a link for ChinaTrust’s properties.
http://www.chinatrust.com.ph/chinatrust/misc-assests.htm

Hi Ming, thank you also for sharing! I’ll update the list asap to include ChinaTrust’s link.

great research – i didn’t know the Philippine banks were having some of the same issues as the US banks

[...] with me, which my husband will be posting soon. I have also revisited my husband’s post on the Ultimate List of Bank Websites and I have found some updated listings there too. I have found a lot of promising properties and I [...]

[...] Philippine Bank Websites [...]

[...] 18, 2009. I got these listings from PSBank’s website, the link to which I found from the Ultimate List of Bank Websites. Keep in mind that these foreclosed properties are for negotiated [...]

[...] my research on foreclosed properties which I found on bank websites from my husband’s post: Ultimate List of Bank Websites, I became interested in a foreclosed property from Asiatrust Bank which was located at Pinaglabanan [...]

TO WHOM IT MAY CONCERN

There are no listings of GSIS foreclosed properties. I search for the listings for almost an hour but I can’t find any. I am very much interested to see/read the list because I did not write the location of foreclosed porperties when I attended the housing fair 2009 at Megatrade hall for according the personnel just visit their website. Thank you if you can send me the list.

Hi Analiza, I understand your difficulty in finding the listings of GSIS foreclosed properties on their website. It really is very difficult to find. Anyway, you may visit their listing directly using this link: http://www.gsis.gov.ph/content.asp?ContentId=598. You may also get other websites of government lending institutions here: http://www.foreclosurephilippines.com/2009/12/4th-housing-fair-2009-sm-megamall.html. Thank you also for visiting!

Hi, I am a first timer here and I found out that acquired properties are not that great as far as the price is concern. Vechicles are too expensive also. You can find cars at the dealer better than the bank repos. This my own opinion based on what I seen so far. Thanks for posting.
Sincerely,
Jose

Hello Jose,

Yes, not all acquired properties are priced below market value. Out of a hundred, you might find only one worth buying. The numbers don’t look promising unless you look at and analyze 100 properties regularly, lets say 100 every week or 100 every month(25 per week). I don’t mean you have to visit all 100 properties, you just have to shortlist foreclosed property listings and then analyze the numbers for the remaining 100 properties that you have shortlisted and see if they are below market value and can also produce a good positive cashflow. If you only analyze a handful or even a dozen of properties and then give up looking at more, it would be very difficult for you to find those great deals. The same goes for repossessed cars.

I think this is the main reason why only about 3% of people who initially venture into real estate investing actually buy their first properties. Persistence is key! Thanks for visiting!

[...] may also visit their website which can be found here: The Ultimate List of Philippine bank websites Want to Gain Financial Wealth and Spiritual Abundance at the Same Time? Join now and get 9 [...]

[...] The Ultimate List of Philippine bank websites with online listings of foreclosed properties 23 comment(s) [...]

Hi Sir Jay,

This is another very informative/useful post.
In case you will buy a property on an installment/loaning payment.
Can you kindly explain what the Amortization Factor is?
I’ve googled it but I can’t find a clear explanation for it.
Thank you very much.

Regards,
ItchyRich
.-= ItchyRich´s last blog ..About Me =-.

Hi ItchyRich,

Thanks, I would also like to congratulate you for starting your blog about getting out of the rat race!

it just so happens I have a post about the amortization factor and you can read about it here: http://www.foreclosurephilippines.com/2009/11/how-to-calculate-for-the-amortization-factor.html

Thanks for visiting!

[...] this assuming you have been regularly visiting Unionbank’s website which you can find in my Ultimate List of Philippine bank websites. This is just a reminder for those who may not have been checking the Unionbank website [...]

Hi Jay,

Just want to share that President Gloria Macapagal-Arroyo signed a new law recently by which individuals with non-titled lands may already apply for a title if they have inhabited the land for at least 10 years (previously 30 years).

http://investingpinoy.blogspot.com/2010/03/good-news-for-land-owners-without-land.html

Hope this helps!
.-= Bryan Uy´s last blog ..Good News for Land Owners Without Land Titles! GMA Inks Land Titling Law! =-.

Hi Bryan, thanks for the heads-up. I delayed posting this a bit here because I was still looking for the full text of the new law which i was able to find in the March 19 edition of the Philippine Star. Checkout my post: http://www.foreclosurephilippines.com/2010/03/republic-act-no-10023-an-act-authorizing-the-issuance-of-free-patents-to-residential-land.html. Thanks!

HI sir Jay more power to you…thanks a lot for posting I really needed this site for a property hunting.thank you very much.Sir jay tanong ko lang po kasi in front of our apartment po sa caloocan may vacant lot po,sabi po ng mga tao doon na forclosed po ng bank,may nakapagsabi po na forclosed by pbcom pero di ko po makita s list ng pbcom yong property na yon.my possibility po ba na hindi nilagay ng pbcom yon sa list nila online?GOD bless you more po.Salamat po pala s pag reply nyo ng tanong ko po last time.

Sir Jay,

Good Day!

I just wanna ask if meron po ba kaung alam na foreclosed properties / for sale na House & Lot in Pililla (or nearest).?

Many Thanks po.!

[...] Bank Owned Property Listings [...]

do you a list of closed banks or banks terminated by PDIC? Please help. I really need it badly.

Wow! Just what i was looking for. This site is very helpful! I can’t keep up with all the information you’re posting. I’m new here, trying to learn as much as i can to be “financially literate” and to know how to invest in real estate. anyway, do you have a list of terms that noobs like me should know, or a checklist of “to-dos” and “not-to-dos”? Also, hope i can learn from your experiences with foreclosed properties, if you’ve posted any. Sorry for the requests. But would really appreciate it if you can point me to a source/article. Thank you so much!

[...] Philippine Bank Websites listings [...]

Hi Jay!
Thank you very much for this websites and list of banks.
Very useful!

[...] Philippine Bank Websites listings [...]

Hi! Would you happen to have a list of the asset management heads of each bank? Please do advise soon. Thanks!

Thanks Jay for compiling the list. This post is very useful for us who wants to find foreclosure properties in the Philippines. There will be no other Philippine blog that can provide great information about foreclosure but you.

Hi Ann, thank you and sorry for the super late reply. Possible na hindi pa nag lapse ang 1-year redemption period kaya hindi pa nila pwede ibenta.

To track down the property details, just note down the exact address, go to the tax mapping section of the city/municipality’s assessor’s office, and ask them to give you the tax declaration number for that property. After that, you can check the tax declaration for the TCT number. Then you can check the TCT which bank the property was mortgaged to, which is most probably the one who foreclosed it.

I hope this helps.

Hi Cocoy,

Sorry also for the late reply. If you are still looking for a property in Pililla, I highly suggest you use the search function. Anyway, I already did and found one here: http://www.foreclosurephilippines.com/wp-content/uploads/2011/02/BUENA-MANO-Q1-2011-GREATER-METRO-MANILA-CATALOG.pdf

Hi Anne, please visit PDIC’s site. They will take-over the acquired assets and foreclosed properties of closed banks. The link to PDIC’s website is as follows: http://www.pdic.gov.ph/index.php?asset=1

Hi Gaia,

Thanks for the kind words. I know what you mean and I am working on that kind of checklist and I hope to finish it soon…

You’re welcome Heherson and thanks for the compliment!

Hi Angel,

I have a mixed bag of officers and asset management heads. Do you still need it?

Hi Vic!

I’m glad to see you here bro, sorry for the late reply! Thanks for the compliment! But when it comes to business, you’re the man! I see you have another business site in addition to businessaccent.com, dami mo nang site!

I really appreciate your blogpost on how to register with the BIR (http://businesstips.ph/how-to-register-with-the-bir-for-professionals/). I need to register myself with the BIR as a broker and your post is just what I was looking for. Thanks!

[...] City State Savings Bank foreclosed properties or acquired assets, although they are included in my ultimate list of Philippine banks that have online foreclosed property listings. These foreclosed properties are for sale through negotiated sale, no need to go through a public [...]

Good work on the list. This will help a lot of Filipinos looking for properties to own or to invest in.

I would recommend everyone to bookmark this page for future reference. No wonder you have a lot of visitors daily. Keep it up!

Updates done on June 24, 2011:

1. Updated link to PDIC’s assets for disposal
2. Added Equicom Savings Bank
3. Added Sterling Bank of Asia

what will I do to verify tct of a foreclosed property when it is not in the LRA? the bank said it is in the process of transferring the tct to the bank”s name. how can i check the tct? many thanks and more power to you!

I also removed Banco Filipino and Maybank as BF’s website is now offline and I can no longer find a link to Maybank’s acquired assets. I also removed a duplicate link and now there are only 36 banks on the list.

Hi Myke, there should be a copy at the TCT at the Registry Of Deeds of the city/municipality where the property is located at any given time, even if the transfer is in progress.

Tnx. God bless…

[...] I found this while I was checking my list of Philippine bank websites with foreclosed property listings. [...]

[...] Thank you to Resnel of Sterling Bank of Asia for sharing with us their list of repossessed real estate properties for sale! I have also included Sterling Bank of Asia in our list of Philippine Bank Websites with foreclosed property listings. [...]

thank you so much for this jay. more power!

You’re welcome Dave! Cheers!

Maraming salamat Jay!
Your list of banks with foreclosed assets is really helpful. I just need some information on what is the first step in buying these properties. Can you fill me in?
Thank you talaga!

Jeff

Everything is way overpriced. One must be a fool to pay the prices posted by the banks on their websites. You can way better by going to a place and just asking around for a day or two.

As far as BDO is concerned, they allow you to make an offer if you pay in cash. its just a matter of leverage, i guess, to be able to get to do that.
I think they can give it to you at a much lower price if you do it that way. R. Kiyosaki got a 60,000 dollar property for only 50,000 in cashiers check attached to his offer. I dont see why we cant do it here.

[...] September 20, 2011, if I heard correctly. I already checked their website which you can find in my Ultimate List of Philippine Banks but the auction announcement was not yet posted. If I get the list, I will also post it [...]

[...] back then and I apologize for the late posting.Actually, Philippine Veterans bank is included in my Ultimate list of Philippine bank websites with online listings of foreclosed properties but I noticed the list they have on their website is not updated.Anyway, let me quote below [...]

Update: The list now has 38 banks.

Obviously, not all of the foreclosed properties out there are bargains, it may also be true that a lot of them are overpriced, but I would never conclude that ALL of them are overpriced. It’s just a matter of finding them. This is not for everyone though as this can take some time to do and some sweat equity.