Interested in buying repossessed houses for sale through sealed bidding? Why not participate in the BPI Buena Mano Property Sales and Leases’ sealed bidding of repossessed houses. Deadline for submission of bids is on September 21, 2009, 5:30pm.

Opening of sealed bids will be on September 24, 2009 at 2:30PM at the Cebu Business Center Office, 3rd floor, Ayala FGU Center Cebu, Mindanao Avenue, cor Biliran Street, Cebu Business Park, Cebu City. All Bidders will be notified of the results. Read the rest of this entry

I’ve noticed Foreclosure Philippines has been getting a significant number of visitors looking for bank repossessed cars and logs indicate that this has been increasing lately. Rather than disappoint these visitors, I have decided to add a new category of free listings of repossessed cars. Repossessed cars which have been foreclosed by banks form part their inventory of acquired assets for sale so they definitely fit into this site. I’m just glad that I changed this site’s name from Foreclosed Real Estate Philippines to Foreclosure Philippines way back when I migrated to Wordpress. Now, I am not restricted to only foreclosed real estate and can cover all sorts of foreclosures.

Investing in bank repossessed cars is just like investing in foreclosed real estate. The principles are the same. In fact, I know a real estate investor who applies real estate investing techniques to investing in bank repossessed cars. Read the rest of this entry

This is the third part of a series on Managing Finances. If you have not read the first 2 parts, head on over to Part 1 and Part 2!

In part 2 of my series of posts on managing finances, I mentioned that I would be discussing more about how I tracked my expenses and the tools I used to do these. For now, I’ll just focus on how I track my expenses. This is not rocket science.  I only need to record exactly where my money is going, particularly my cash on hand. Based on experience, this is where my money gets “lost”.

How many times have you wondered where your money went when it was still more than a week to go before payday?! Have you ever tried but failed to remember exactly where you spent your money? Get my point?!

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The RCBC Asset Management Group will be having another Amazing Buys sale of foreclosed properties through sealed bidding which features properties from Metro Manila and Luzon. Deadline of submission of offers is on or before August 31, 2009, Monday, at the 12/F Yuchengco Tower, RCBC Plaza, Ayala Avenue corner Buendia Avenue, Makati City, Philippines.

Metro Manila foreclosed properties for sale include properties from Makati City, Pasig City, Quezon City, and Valenzuela City. Read the rest of this entry

The Property Forum Philippines shall be conducting another public auction of foreclosed properties entitled “Heroes’ Day Auction” which shall be held on August 31, 2009 at Max’s Jupiter St., Makati City, Philippines. Registration starts at 8:00AM and the auction proper starts at 9:00AM.

Foreclosed properties can be purchased through bank financing for as low as 8% interest, for as little as 10% downpayment, and up to 10 years to pay.
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The Philippine National Bank – Special Assets Management Sector shall be holding a public auction of foreclosed properties on September 3, 2009, Thursday, 2:00pm, at the Ritz Tower de Leyte, Real Street, Tacloban City, Leyte, Philippines. The Properties for auction are from Samar, Leyte, Cebu, and Bohol.

According to the property listing which I received through e-mail, foreclosed properties are available at up to 30% discount*, for as low as 8% interest rates*, and with payment terms up to 10 years.

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“Around here, however, we don’t look backwards for very long. We keep moving forward, opening up new doors and doing new things… and curiosity keeps leading us down new paths.” – Walt Disney, as quoted in the movie “Meet the Robinsons“

I have often spoken of the time when I was unable to get a foreclosed property from a Buena Mano Green Tag listing a few years back and I just realized that it would be better if I created a post about this. It turns out, however, that I already wrote about this in my old site so I am just re-posting that article here, with some minor updates to make things clearer… Read the rest of this entry

Unionbank shall be having its 142nd Special Public Auction of foreclosed properties on August 29, 2009, Saturday, 9:00AM. Foreclosed properties included in this public auction are from the Visayas and Mindanao areas. The special public auctions shall be held simultaneously at the following venues:

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A transfer tax is imposed on tax on the sale, donation, barter, or any other mode of transferring ownership or title of real property at the maximum rate of 50% of 1% (75% of 1% in the case of cities and municipalities within Metro Manila) of the total consideration involved in the acquisition of the property or of the fair market value in case the monetary consideration involved in the transfer is not substantial, whichever is higher. This is pursuant to Section 135 of the Local Government Code of 1991 (LGC).

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