Comments on: PDIC to sell bank acquired properties of closed banks through sealed bidding http://www.foreclosurephilippines.com/2009/12/pdic-bank-acquired-properties-of-closed-banks-sealed-bidding.html Your trusted resource for foreclosure investing in the Philippines with listings of foreclosed properties, real estate auctions, real estate investing tips, and more! Wed, 08 Feb 2012 16:17:04 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jay Castillo http://www.foreclosurephilippines.com/2009/12/pdic-bank-acquired-properties-of-closed-banks-sealed-bidding.html#comment-10011 Jay Castillo Wed, 01 Feb 2012 00:47:00 +0000 http://www.foreclosurephilippines.com/?p=2563#comment-10011 Hi Atiguban, ang balak mo ba ay isasanla mo sa bank tapos parang hindi mo na babayaran? Parang indirectly binenta at sinurrender mo na lang sa bank sa presyo na katumbas ng loan mo kung sakali? Ang mangyayari niyan eh parang voluntary foreclosure at mahihirapan ka na mag loan ulit dahil blacklisted ka na sa mga banko. Tsaka pag nag loan ka, hindi naman 100% ng appraised value ang makukuha mo, usually pinakamalaki na ang 80% so parang nawalan ka pa ng 20%. Suggestion ko, ibenta mo na lang ng mas mura para mas mabilis siyang mabenta. Goodluck. Hi Atiguban, ang balak mo ba ay isasanla mo sa bank tapos parang hindi mo na babayaran? Parang indirectly binenta at sinurrender mo na lang sa bank sa presyo na katumbas ng loan mo kung sakali? Ang mangyayari niyan eh parang voluntary foreclosure at mahihirapan ka na mag loan ulit dahil blacklisted ka na sa mga banko. Tsaka pag nag loan ka, hindi naman 100% ng appraised value ang makukuha mo, usually pinakamalaki na ang 80% so parang nawalan ka pa ng 20%. Suggestion ko, ibenta mo na lang ng mas mura para mas mabilis siyang mabenta. Goodluck.

]]> By: Jay Castillo http://www.foreclosurephilippines.com/2009/12/pdic-bank-acquired-properties-of-closed-banks-sealed-bidding.html#comment-10010 Jay Castillo Wed, 01 Feb 2012 00:40:00 +0000 http://www.foreclosurephilippines.com/?p=2563#comment-10010 Hi Reygofish! You are most welcome and thank you also for dropping by. To get the computation for the arrears for real property taxes, just go to the office of the city treasurer/city assessor and ask for an updated statement of account. Goodluck and congratulations on your purchase! Hi Reygofish! You are most welcome and thank you also for dropping by. To get the computation for the arrears for real property taxes, just go to the office of the city treasurer/city assessor and ask for an updated statement of account. Goodluck and congratulations on your purchase!

]]> By: Reygofish http://www.foreclosurephilippines.com/2009/12/pdic-bank-acquired-properties-of-closed-banks-sealed-bidding.html#comment-7980 Reygofish Wed, 30 Nov 2011 06:10:00 +0000 http://www.foreclosurephilippines.com/?p=2563#comment-7980 hi jay thanks for your wonderful effort were one of those who benifited from your wisdom. may i ask a question i won a bid at pdic. but taxes has taken me aback. the property came from a developer to peninsula bank then pdic. year is 1987. how do i compute for this taxes and what proper authorities should i refer. i won the bidding just this november and it is due for payment this coming  january.    hi jay thanks for your wonderful effort were one of those who benifited from your wisdom. may i ask a question i won a bid at pdic. but taxes has taken me aback. the property came from a developer to peninsula bank then pdic. year is 1987. how do i compute for this taxes and what proper authorities should i refer. i won the bidding just this november and it is due for payment this coming  january.   

]]> By: randy B. Dejesus http://www.foreclosurephilippines.com/2009/12/pdic-bank-acquired-properties-of-closed-banks-sealed-bidding.html#comment-3032 randy B. Dejesus Mon, 26 Sep 2011 09:15:36 +0000 http://www.foreclosurephilippines.com/?p=2563#comment-3032 please send me a copy or listing and price of your lot or land foreclosed here at,Barangay Sta. Ana,Calatagan,Batangas please send me a copy or listing and price of your lot or land foreclosed here at,Barangay Sta. Ana,Calatagan,Batangas

]]> By: Jay Castillo http://www.foreclosurephilippines.com/2009/12/pdic-bank-acquired-properties-of-closed-banks-sealed-bidding.html#comment-3031 Jay Castillo Thu, 19 May 2011 04:15:19 +0000 http://www.foreclosurephilippines.com/?p=2563#comment-3031 Hi Elizabeth, it is most probably with PDIC, you just need to confirm if that closed rural bank is already under the receivership of PDIC. If you can't find it in their list of foreclosed properties for sale, it may simply mean they have not updated their website and the best way to check would be to call or visit them. Hi Elizabeth, it is most probably with PDIC, you just need to confirm if that closed rural bank is already under the receivership of PDIC. If you can’t find it in their list of foreclosed properties for sale, it may simply mean they have not updated their website and the best way to check would be to call or visit them.

]]> By: Elizabeth Mendoza http://www.foreclosurephilippines.com/2009/12/pdic-bank-acquired-properties-of-closed-banks-sealed-bidding.html#comment-3030 Elizabeth Mendoza Thu, 19 May 2011 04:08:04 +0000 http://www.foreclosurephilippines.com/?p=2563#comment-3030 Can you help me find where this described property is booked as foreclosed property? This lot was previously mortgaged with Gen Santos City Rural Bank, Inc. in Gen. Santos City and was foreclosed on January 15, 1981. Said Rural Bank has closed and I have no idea where its assets and acquired properties are booked. The subject property is described as followsL Location: Gen Santos City Title No: OCT-P-2366 Owner: Carmenia F. Mendoza Area : 602 sq.m. No improvements thereon. It was not consolidated/transferred in the name of the rural bank. I tried PDIC and BSP but I can't get results. Can you help me find where this described property is booked as foreclosed property? This lot was previously mortgaged with Gen Santos City Rural Bank, Inc. in Gen. Santos City and was foreclosed on January 15, 1981. Said Rural Bank has closed and I have no idea where its assets and acquired properties are booked.
The subject property is described as followsL
Location: Gen Santos City
Title No: OCT-P-2366
Owner: Carmenia F. Mendoza
Area : 602 sq.m.
No improvements thereon.
It was not consolidated/transferred in the name of the rural bank. I tried PDIC and BSP but I can’t get results.

]]> By: ryann168 http://www.foreclosurephilippines.com/2009/12/pdic-bank-acquired-properties-of-closed-banks-sealed-bidding.html#comment-3029 ryann168 Wed, 06 Oct 2010 23:16:12 +0000 http://www.foreclosurephilippines.com/?p=2563#comment-3029 THANKS for this helpful information. It helps me alot in my research.. THANKS for this helpful information. It helps me alot in my research..

]]> By: uberVU - social comments http://www.foreclosurephilippines.com/2009/12/pdic-bank-acquired-properties-of-closed-banks-sealed-bidding.html#comment-3028 uberVU - social comments Fri, 11 Dec 2009 16:11:04 +0000 http://www.foreclosurephilippines.com/?p=2563#comment-3028 <strong>Social comments and analytics for this post...</strong> This post was mentioned on Twitter by jay_castillo: Philippine Deposit Insurance Corporation (PDIC) to sell foreclosed properties of closed banks ... http://bit.ly/6Xi6ej... Social comments and analytics for this post…

This post was mentioned on Twitter by jay_castillo: Philippine Deposit Insurance Corporation (PDIC) to sell foreclosed properties of closed banks … http://bit.ly/6Xi6ej...

]]> By: Jay Castillo http://www.foreclosurephilippines.com/2009/12/pdic-bank-acquired-properties-of-closed-banks-sealed-bidding.html#comment-3027 Jay Castillo Mon, 07 Dec 2009 09:10:49 +0000 http://www.foreclosurephilippines.com/?p=2563#comment-3027 Hi Tricia, thanks for sharing your experience. Did they at least say if there were any other bidders to justify their rejection of your offer? If not, I can't blame you of the things that began to run around in your mind. By the way, I have another theory, they might be apprehensive that your husband is a lawyer. I've experienced this once and I've learned from my broker that some banks are really like that. Hi Tricia, thanks for sharing your experience. Did they at least say if there were any other bidders to justify their rejection of your offer? If not, I can’t blame you of the things that began to run around in your mind. By the way, I have another theory, they might be apprehensive that your husband is a lawyer. I’ve experienced this once and I’ve learned from my broker that some banks are really like that.

]]> By: tricia http://www.foreclosurephilippines.com/2009/12/pdic-bank-acquired-properties-of-closed-banks-sealed-bidding.html#comment-3026 tricia Mon, 07 Dec 2009 08:29:43 +0000 http://www.foreclosurephilippines.com/?p=2563#comment-3026 Hi jay. let me share this experience with pdic regarding their properties for sale. last april 2009, pdic released thru their website foreclosed properties for negotiated sale. i came across a property in marikina. we checked it at pdic and supposedly the problem with the property is that that they have no possession, meaning the owner still leaves there. however, no case was filed either by the the previous owner or pdic. so, possession was the problem. pdic told us that if we want the property, we will pursue the possession case. my husband, being a lawyer and who happens to work for another bank thinks that although hindi madali, puede naman. so we decided to make an offer. primero, our offer was 25% less of the indicative price. Di sila pumayag. So we made an offer at their set price. Akalain niyo ba na pdic rejected it pa rin kesyo they have to re appraise the property! natural, a lot of things went to our mind na siguro, someone inside the bank wanted the property or they made arrangements with the owner or for whatever purpose it may serve them without intending to sell the property. ang lesson dito, mahirap kausap yang mga tao diyan sa pdic. mag po-post sila ng properties for sale, yun pala, ayaw naman pala nila ibenta! kaya, for those who wants to deal with pdic. ingat na lang kayo diyan! Hi jay. let me share this experience with pdic regarding their properties for sale. last april 2009, pdic released thru their website foreclosed properties for negotiated sale. i came across a property in marikina. we checked it at pdic and supposedly the problem with the property is that that they have no possession, meaning the owner still leaves there. however, no case was filed either by the the previous owner or pdic. so, possession was the problem. pdic told us that if we want the property, we will pursue the possession case. my husband, being a lawyer and who happens to work for another bank thinks that although hindi madali, puede naman. so we decided to make an offer. primero, our offer was 25% less of the indicative price. Di sila pumayag. So we made an offer at their set price. Akalain niyo ba na pdic rejected it pa rin kesyo they have to re appraise the property! natural, a lot of things went to our mind na siguro, someone inside the bank wanted the property or they made arrangements with the owner or for whatever purpose it may serve them without intending to sell the property. ang lesson dito, mahirap kausap yang mga tao diyan sa pdic. mag po-post sila ng properties for sale, yun pala, ayaw naman pala nila ibenta! kaya, for those who wants to deal with pdic. ingat na lang kayo diyan!

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