Your online resource for investing in foreclosed properties in the Philippines. Find bank listings of foreclosed properties, public auction schedules, and real estate investing tips.
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We take a break from the usual bank listings of foreclosed properties, public auction schedules, and real estate investing tips with this post as I share my nominees for the Top 10 Emerging Influential Blogs for 2009.
I would like to share with everyone Philippine National Bank’s Asset Gazette For July 2009 which features properties that are for public auction on August 20, 2009. This public auction of acquired assets shall be held at the La Parilla Hotel in Cabanatuan City, Nueva Ecija, Philippines. The Asset Gazette is a monthly publication of the Special Assets Management Sector (SAMS) of the Philippine National Bank (PNB).
I attended the 3rd Philippine Real Estate Festival last July 24, 2009 and one of the banks that I found as a participant in the event was Chinabank. I was able to get a copy of their “Real Deals” publication which features hundreds of residential, commercial, and industrial properties for sale at below market values (as written on the front page). Aside from foreclosed properties, the Volume 1 May – June 2009 issue of Real Deals also features good condition second hand vehicles/bank repossessed cars. I am posting a copy of the publication here for the benefit of those who were not able to attend the Philippine Real Estate Festival.
I found this notice of sale for Home Guaranty Corporation (HGC) properties which are being offered for public bidding. Although a lot of the properties on the list still have illegal occupants, there are a few that are already vacant. Please refer to the remarks column of the ad to get more details.
I believe that all aspiring real estate investors should attend the 3rd Philippine Real Estate Festival (2009) which will be held on July 23-25, 2009 at the World Trade Center, Roxas Blvd. corner Buendia Street, Pasay City, Philippines. I learned a lot each time I attended the Philippine Real Estate Festival during the past two years and I’m quite sure I’ll be learning much more this year.
This morning, I finished inspecting a number of properties and I must say that my real estate broker was very proactive when she brought along our contractor even without me telling her to do so. It saved all three of us the trouble of scheduling another visit to those properties, not to mention the time, effort, gasoline, etc. I believe this morning has been one of the most productive mornings I have ever had. I also realized that I really love doing home inspections. Read the rest of this entry
The latest RCBC Savings Bank Dream Buys Auction will be held on July 25, 2009 (Saturday), 9:00 AM, at the Development Academy of Philippines (DAP) Building, San Miguel Avenue, Pasig City, Philippines. Good news for all investors – RCBC has again reduced by another 5% the minimum bid price (MBP) for foreclosed properties that were not sold during their previous dream buys auction held last June 27, 2009.
Republic Act (RA) No. 9653, also known as the Rent Control Act of 2009, was signed into law by President Gloria Macapagal-Arroyo at the Rizal Ceremonial Hall last Tuesday, July 14, 2009, and exempts rent-to-own agreements from its coverage.
Republic Act (R.A.) No. 9646, or The Real Estate Service Act of the Philippines which is more commonly referred to as the RESA law has been signed into law by president Gloria Macapagal-Arroyo last June 29, 2009. As mentioned in this article, it hopes to professionalize and regulate the practice of real estate in the country through the development of technically competent, trained, and accountable real estate practitioners in the country.
*Update – I have uploaded a full text copy of the RESA Law which you may access through this link: Full text RA 9646. Source: http://www.architectureboard.ph/uploads/1247447115-e09july11_PRBoA-292.doc as posted at http://www.architectureboard.ph
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