Foreclosed Properties With Special Concerns: Buena Mano Yellow Tag Metro Manila Q2-2009

When I recently posted the Buena Mano Green Tag Catalogues for Q2-2009, the post received an anonymous comment saying that prices of BPI foreclosed properties are too high even for end buyers. Well, if you are looking for cheaper properties, the following just might be what you are looking for. The Buena Mano Yellow Tag foreclosed properties are cheaper to buy because they have special concerns. A Buena Mano real estate property is considered a Yellow Tag property if it has any of the following special concerns:

1. The title of the property may still be in the process of transfer to the name of the bank which foreclosed the property
2. The title of the property is already under the name of the bank but the property is still occupied by the former owner, tenant, or illegal occupant
3. There are property documents that stll need to be updated

On the other hand, if the title of a property is still in the process of transfer to the name of the bank, I believe that it is really only a matter of time and the title will eventually be consolidated and transferred to the name of the bank. It may take some time but the discount on the selling price may make it worth the wait.

Happy hunting!