March 2009

Creditable Withholding Tax In Real Estate Transactions

by Jay Castillo on March 4, 2009 · 53 comments

in Creditable Withholding Tax, Real Estate Taxation

Creditable withholding tax (CWT) is the tax which is withheld by the buyer/withholding agent from his payment to the seller for the sale of the seller’s ordinary asset/services, and which tax is creditable against the income tax payable of the seller. I know this sounds confusing so let me tell you about the withholding tax [...]

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

by Jay Castillo on March 3, 2009 · 64 comments

in Bank Websites, Repossessed Cars

*Last updated on November 9, 2011 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. Incoming search terms: [...]

I Won A House At The RCBC Dream Buys Auction Of Foreclosed Properties!

by Jay Castillo on March 1, 2009 · 34 comments

in RCBC

Well, you could look at it that way. I won my bid on a foreclosed property where the minimum bid price was just about equal to the market value of the land alone, thus the house on the land was practically free! I attended the RCBC Dream Buys Public Auction of foreclosed properties yesterday, February [...]