Comments on: PNB foreclosed properties for sale as of November 2009

By: Jay Castillo

Jay Castillo — Tue, 24 Nov 2009 06:07:56 +0000

Hi Romy, it really depends on two factors, the numbers, and if it is your passion to go into an agri business. If the numbers look promising and you love doing it, then go for it!

By: Jay Castillo

Jay Castillo — Tue, 24 Nov 2009 05:15:12 +0000

Hi Derrick, Unconsolidated means that the property’s Title has not yet been transferred to the bank. If the transfer is already in process and there is no pending case, I would say it is safe but the drawback would be the amount of time it would take for the transfer to be completed. It could take 3 to 6 months.

By: Jay Castillo

Jay Castillo — Tue, 24 Nov 2009 05:01:49 +0000

Hi Dan! For cases like this, you will have to compute for the balance after the first five years then apply the 12% interest rate for the remaining 10 years. I’ll post an example for you.

Oo nga pala, malapit ka na magbakasyon, I look forward to meeting you soon!

By: Romy

Romy — Sun, 22 Nov 2009 08:15:01 +0000

Hi Jay!

I would like to know your point of view regarding my plan to invest on agri lot instead on houses and apartments. Naisip ko lang po kasi kung okay din ba ang kita kung ako din yung magiging kapitalista sa patanim. Your view means alot.

Warm regards,
Romy

By: Derrick Darin

Derrick Darin — Thu, 19 Nov 2009 22:01:50 +0000

What does it mean by

Residential/House and Lot/UNCONSOLIDATED/ ?

does it mean wala yung papers with the bank and there still problem on legality?

is it safe to buy this type of property from the bank?

Thanks,
Derrick

By: Tony Cartman

Tony Cartman — Wed, 18 Nov 2009 16:50:54 +0000

that’s it… Manageable Impairments is a property that needs repairs. You must spent some money fixing the problems before living on it

By: Dan

Dan — Wed, 18 Nov 2009 08:10:26 +0000

Sir Jay,

Good day!

How can we compute the amortization in this kind of payment scheme, 10% interest for the first five years and 12 % for the remaining ten years? what formula are we going to use? Thank you sir!

More power!!! See you in a few weeks! hehe!

dan.

By: Jay Castillo

Jay Castillo — Wed, 18 Nov 2009 01:06:11 +0000

Hi Allan,

I believe it just means that the property needs repairs although the title has been consolidated, thus it can be sold or is Vendable.

Thanks comment!

By: Allan

Allan — Tue, 17 Nov 2009 18:09:49 +0000

Hello Jay,

What does it mean by;

Vendable – w/ Manageable Impairments

Thanks