Comments on: Why Buy Foreclosed Properties From RCBC Savings Bank’s Dream Buys Public Auction On April 18, 2009?

By: eric ortuoste

eric ortuoste — Tue, 23 Jun 2009 04:54:32 +0000

Thanks for your reply…

with my small clients, Would you work with a non real estate broker like me.. If so, how do we get started?????

have a nice day

By: Jay Castillo

Jay Castillo — Fri, 19 Jun 2009 16:50:25 +0000

@Gary, that would be great, thanks! and thank you also for the compliment.

By: Jay Castillo

Jay Castillo — Fri, 19 Jun 2009 16:48:46 +0000

@ Eric, the 12% interest is usually for payment terms that are 10 years for properties with minimum bid prices more than 1M. Thanks for the kind words! Please feel free to browse the site to learn more about foreclosed properties or you can also post your questions here. Thanks again!

By: eric ortuoste

eric ortuoste — Tue, 16 Jun 2009 18:22:30 +0000

Greetings Sir,

I wish to learn more about foreclosed properties
and how to secure details of said properties…

I also wonder why the interest rate is at 12% my bank charges only 9 to 10%

We have buyers waiting.

This is one good site.

have a good day and thanks.

By: eric ortuoste

eric ortuoste — Tue, 16 Jun 2009 18:17:33 +0000

Greetings Sir,

I wish to learn more about foreclosed properties
and how to secure details of said properties…
I buyers at hand waiting.

I also wonder why the interest rate is at 12% my bank charges only 9 to 10%

thanks

By: GarykPatton

GarykPatton — Tue, 16 Jun 2009 15:13:34 +0000

I think I will try to recommend this post to my friends and family, cuz it’s really helpful.

By: Jay Castillo

Jay Castillo — Thu, 23 Apr 2009 09:47:00 +0000

You’re welcome ghunzel, good luck with your investment!

By: ghunzel

ghunzel — Wed, 22 Apr 2009 01:49:00 +0000

Jay, I am really thankful for your help. I’ll follow your suggestions. God bless and more power to you!

By: Jay Castillo

Jay Castillo — Mon, 20 Apr 2009 10:13:00 +0000

@Donna, thanks for the email. I already replied with the details. Please check. Thanks!

@Ghunzel, Why don’t you treat your house as your first investment? I suggest you do this so that in the future, when you do decide to move to a new home, you can still keep the property as a rental property or sell it at market value and make a hefty profit. Sayang naman yung opportunity. To take care of the 12% interest and to lower the monthly amortization, yes you may ask the bank when and what are the requirements for you to have the property refinanced with pag-ibig or other banks that would offer lower interest rates. They would at least require a letter of guarantee from the other bank or lending institution but it would be better to ask as well when you inquire about a property. I believe banks would actually welcome refinancing as the property would be removed from their books sooner than later.

@Tyrone, thanks a lot! my e-mail address is ph.investor@gmail.com. I suppose I’ll limit my search to residential properties, covering the entire Philippines as I see a lot of visitors are also searching for properties outside of Metro Manila.

By: Millionaire Acts

Millionaire Acts — Mon, 20 Apr 2009 01:07:00 +0000

By the way, when requesting for a specific list of properties, I suggest to narrow down your search as we have a lot before. Narrow it down to say, location, then type of land (residential, commercial, etc.) and minimum land area, if possible. We have listings from Luzon to Mindanao.