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Property Forum Philippines shall be conducting an “Independence Day Auction” of foreclosed properties on July 3, 2010, at Max’s Restaurant Jupiter Street, Bel-Air 1, Makati City, Philippines. Registration starts at 10:00am and auction proper starts at 11:00am. The acquired assets for auction appears to be a mix of PNB foreclosed properties, Allied Bank foreclosed properties, and properties from other banks.
You will notice that this auction immediately follows the “Subastahan ni Papa” auction which will also be held at the same venue, on the same day, but is from 8:30am to 10:00am.
Based on the auction announcement, one can buy foreclosed properties for as low 10% downpayment, and with up 10 years to pay.
Locations of foreclosed properties
Foreclosed properties up for grabs in the “Independence Day Auction” are from the following areas:
Mega Manila foreclosed properties
- Antipolo
- Las Pinas
- Makati
- Mandaluyong
- Manila
- Quezon City
- Paranaque
- Pasig
- Tanay, Rizal
- San Juan
- Valenzuela
Luzon foreclosed properties
- Batangas
- Bulacan
- Cagayan Valley
- Cavite
- Isabela
- Laguna
- Laoag
- Naga City
- Nueva Ecija
- Pangasinan
- Rizal
- Tarlac
Visayas foreclosed properties
- Bacolod
- Capiz
- Leyte
Mindanao foreclosed properties
- Agusan Del Norte
- Cotabato
- General Santos
- South Cotabato
- Zamboanga
How to join this auction of foreclosed properties
1. Click here to download a copy of the listing in PDF format or click on the image below to download a copy in JPG format.
Source: Manila Bulletin, june 21, 2010 edition, page B-5
2. Call Property Forum Phils. directly to get more details about the foreclosed property that interests you and also to schedule a property inspection if warranted. For property inspections, please call Property Forum Phils. directly through the following numbers:
- (02) 534-9536
- (02) 534-6954
- 0921-672-2888
3. Do your due diligence by checking the legal condition of the property through its Transfer of Certificate of Title(TCT) or Condominium Certificate of Title (CCT), Tax declaration, etc. It is also advisable to check for any arrears for Homeowner Association dues/Condo dues, Utilities like water and electricity, real property taxes, etc. Please refer to these set of questions which can also help with your due diligence.
4. Attend the auction to bid if and only if the property passed your due diligence. Show money is Php25,000.00 per property in the form of cash or Manager’s Check(MC).
The fine print
All Properties are offered on an “As-is, Where-is” basis. Titles of properties are either under seller’s name or under various stages of title consolidation to seller’s name, thus protective buyers are advised to conduct their due diligence prior to entering into any contract with the seller. Property details, prices, and terms are subject to change without prior notice. The seller reserves the right to pull-out any property from the auction at any time. Changes in prices are subject to the sole discretion of the seller.
About Property Forum Philippines
Property Forum Philippines is considered by many as the No. 1 Property Auctioneer in the Philippines, with a nationwide network and over Php6.7 Billion sales from 67 auctions with more than 3,700 winning bidders.
Reminders – Please read!
For inquiries specific to any of the foreclosed properties on the list, please contact Property Forum Phils. directly through the contact numbers which can be seen on the list and also above. I am not accredited with Property Forum Phils. so I really can’t answer questions about any of the properties on the list. I am just posting this as a public service to readers and subscribers of ForeclosurePhilippines.com
For other questions, please post them through a comment below so that others with the same questions may also benefit from the answers. Thank you.
Happy Hunting!
To our success and financial freedom!
Jay Castillo
Real Estate Investor
Real Estate Broker License #: 20056
Blog: http://www.foreclosurephilippines.com
Follow me in Twitter:http://twitter.com/jay_castillo
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Text by Jay Castillo and Cherry Castillo. Copyright © 2010 All rights reserved.
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