Comments on: Lessons learned by a real estate broker, homeowner, and investor from Provident Village

By: senn

senn — Thu, 10 Dec 2009 15:24:43 +0000

hello mr. jay! hope your ok now. gaya ng sinabi sa banner, kaya mong bumangon. anyway, interesado sana akong mag rent dyan sa provident. yung malapit lang sa may main road at may entrance. at least 3 bedrooms with 2 baths. ang budget ko ay P10k-12k lang. thanks.

By: Jay Castillo

Jay Castillo — Tue, 24 Nov 2009 05:10:01 +0000

Hi randolf, personally wala pa akong nadevelop na mentoring program pero I do what I can to be a mentor through this site… hehe. Maybe in the future, I’ll develop one.

By: randolf

randolf — Wed, 18 Nov 2009 16:50:06 +0000

good day jay bago lang ako dto sa site interesado ako sa mga topic binabanggit nyo,mayroon ba kayo mentoring program tungkol sa real estate investing.thanks and more power.

By: Jay Castillo

Jay Castillo — Tue, 10 Nov 2009 02:03:31 +0000

Hi Lelet, you can contact me using this number: +639178843882. You can also contact me through e-mail here: http://www.foreclosurephilippines.com/contact. I look forward to talking with you soon!

By: Lelet Sanchez-Deza

Lelet Sanchez-Deza — Thu, 05 Nov 2009 08:19:06 +0000

Hi Jay! I am also from Provident Village and you might be able to shed some light on my queries. Part of the land where my house was erected is still under court litigation, long story, but you know how most lots there has problems. Maybe I can explain this better if I can talk to you personally. Do you have a contact number I can call? More power and thanks for sharing!

By: Jay Castillo

Jay Castillo — Thu, 05 Nov 2009 04:43:47 +0000

Hi John, you’re welcome and thank you also for the kind words!

May I ask if the tenants also include the former owner? Are they paying tenants or “informal settlers”? If the tenant turns out to be the previous owner then my advice would be to walk away. If the occupants are just tenants who are paying rent, then that would be a plus factor if the rents are up to par with current rental rates. If they are informal settlers, then you can do what some banks do, which is arrange for them to leave peacefully by giving them a relocation allowance. Maybe instead of the sheriff enforcing the writ of possession of which will cost you money, you can just pay them the relocation allowance instead. Of course you should only give the money one they actually leave, but be tru to your word and give them the allowance once they leave peacefully.

By: Jay Castillo

Jay Castillo — Thu, 05 Nov 2009 04:36:55 +0000

Haha, sana nga bro! Dami pang crazy ideas namin pero kwento ko na lang pag nag coffee tayo!

By: john

john — Fri, 30 Oct 2009 13:58:02 +0000

First of all i want to thank you for all this information you are sharing to us for FREE.. I am just new in this realstate business. I am still looking for a potential lot or apartment to loan it with the bank.. recently, i found a lot in cubao and it is already in the name of the bank.. but the tenants are still there and they are 10.. Sir jay, can you give me tips on how can i deal with the tenants.. thank you very much for your time.. Godbless you and your family..

By: Bryan Uy

Bryan Uy — Wed, 28 Oct 2009 05:57:15 +0000

Hahaha… Crazy ideas indeed… Crazy ideas like the telephone by Bell, incandescent bulb by Edison, internet and now, floatation devices for flood emergencies. Hmmm, you think this idea will produce the next multi-millionaire? Sana nga bro!

God bless!

Bryan
Bryan Uy´s last blog ..League of Extraordinary Minds FREE Training: 48 Hours Until Your Business Explodes

By: Jay Castillo

Jay Castillo — Tue, 27 Oct 2009 05:23:02 +0000

Hi Mary, I attended a lecture once that was conducted by a lawyer and the topic was foreclosure prevention. Unfortunately, the lecture notes where I wrote his name and phone number also got submerged when our house got flooded. I'll see if it is still readable and get back to you. While I look for my notes, you can also try looking for a lawyer who is 1) Someone you know and can trust 2) Someone who is familiar with ACT NO. 3135 – AN ACT TO REGULATE THE SALE OF PROPERTY UNDER SPECIAL POWERS INSERTED IN OR ANNEXED TO REAL-ESTATE MORTGAGES. This act basically outlines the legalities of foreclosure proceedings here in the Philippines.

By: Jay Castillo

Jay Castillo — Tue, 27 Oct 2009 05:14:40 +0000

Hi Bryan, thanks a lot! Actually my wife and I have been having a lot o ideas like an “Ondoy” bag that can serve as a lifesaver/floatation device and at the same time it contains all the stuff one would need to survice for 3 days, etc. Personally I was thinking of a floating section of the house, or a floating parking slot, etc. Really crazy ideas.

By: Mary Joyce

Mary Joyce — Wed, 21 Oct 2009 13:56:52 +0000

Can i ask if u know any lawyer that i can consult about our house that is already foreclosed. I want to know what are my rights and i wanted to buy it back. Thanks!

By: Bryan Uy

Bryan Uy — Tue, 20 Oct 2009 16:51:14 +0000

Hi Jay!

You’ve come up with great suggestions indeed. I’m sure this has help many people living in Marikina and flood-proned areas understand their options on how to deal with their property, whether affected by Ondoy or not.

Thanks again for the great post.

Bryan
Bryan Uy´s last blog ..Investing in Instant Savings: The Ondoy Aftermath and A Classmate’s Untimely Death

By: Jay Castillo

Jay Castillo — Tue, 20 Oct 2009 15:17:18 +0000

Hi Nightwatch! Thanks, I’m seriously considering your advice, for my peace of mind and for my family’s.

Regarding the info on flood levels, someone started entering data in google maps and you visit it here: Typhoon Ondoy maximum flood height.

Just zoom in and see the data that people like me have already entered.

By: Jay Castillo

Jay Castillo — Tue, 20 Oct 2009 15:10:47 +0000

Thank you so much Kamotechunks! God bless you and your family!

By: Jay Castillo

Jay Castillo — Tue, 20 Oct 2009 15:09:30 +0000

Thank you Ronald for the valuable inputs, excellent advice!

I understand how the flood also affected your real estate business. I’m sure you and your wife can bounce back easily! All the best!

By: Jay Castillo

Jay Castillo — Tue, 20 Oct 2009 15:05:45 +0000

Hi Mary! The best source of information siguro yung mga residents in the same area. Sana kung magaling yung developer, taasan na nila yung property para hindi na abutin ng baha, just in case binaha nga.

By: Jay Castillo

Jay Castillo — Tue, 20 Oct 2009 14:59:54 +0000

Hi Soleil, actually MCF mentioned that they are looking for properties where they can relocate “informal settlers” pero she can only do this for Marikina. I really hope those from other cities will also have the same political will. Tama ka diyan, yung iba kasi nagiging professional squatters at lumalakas ang loob kasi alam nila na iniisip ng karamihan na politiko na sayang din yung boto from them. tsk tsk.

By: Jay Castillo

Jay Castillo — Tue, 20 Oct 2009 14:54:00 +0000

Thanks a lot Ces, really appreciate it!

By: Jay Castillo

Jay Castillo — Tue, 20 Oct 2009 14:53:36 +0000

Hi Jehz, yes, life must go on! Nice to see you here, thank you also for dropping by. Best of luck sa Singapore!