Here’s a listing of all Philippine bank websites that have their listings of foreclosed properties for sale available online. The links on the table below will lead you to the specific page where you can find the listings of bank foreclosed properties for each individual bank.
Bank foreclosed properties are also referred to as bank acquired assets, Real and Other Properties Owned or Acquired (ROPOA), Real and Other Properties Acquired (ROPA), bank owned properties, bank repossessed properties, and Real Estate Owned (REO) so don’t be confused if these websites refer to them differently.
Take note that this list currently excludes now includes rural banks, universal, commercial, and thrift banks that have websites and have their listings of foreclosed properties online. If you want to start investing in foreclosures by looking for bargain bank owned properties and cheap foreclosures for sale, this is a good place to start. Some banks even include their inventory of bank repossessed cars in their bank owned property listings.
For bank websites that are currently undergoing maintenance, I have just indicated it in the remarks column.
This “Ultimate” list Philippine Bank Websites will be regularly checked and I will also update it once I find new websites here in the Philippines that have properties foreclosed by banks online. Please do let me know if you encounter any broken links or if you happen to know a bank website that is not listed here that contains their foreclosed listings so I can add it here as well. Thanks.
List of Philippine bank Websites with online listings of foreclosed properties
(This ultimate list of foreclosed properties was last updated/checked on July 12, 2010 and includes 36 banks)
Please report broken links by leaving a comment below.
If you are looking for other lending institutions like the Home Guaranty Corporation (HGC), Pag-IBIG Fund, National Home Mortgage Finance Corporation (NHMFC), and GSIS, you may visit my post about the Philippine Housing Fair 2009.
Please don’t forget to leave a comment below if you want me to include any Philippine bank website(s) that have online listings of their bank foreclosed properties that are not yet listed here so I can add them accordingly. By listing your websites here, you are exposing it to more than 1400 visitors per day(as of July 12, 2010). Thanks.
Hi, I’m Jay Castillo, full time dad, real estate investor, and internet marketer, based in the Philippines
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!