Buena Mano Catalogs Of Acquired Assets – Metro Manila, Luzon, Visayas And Mindanao

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You can view or download the latest Buena Mano catalog(s) of acquired assets below. From this page, you will also find answers to frequently asked questions, payment terms, interest rates, instructions on how to make an offer, a copy of the offer to purchase form, etc.

The latest Buena Mano Listings will be available soon…

Update as of June 5, 2014: Due to the unavailability of new Buena Mano Catalogs, we are temporarily removing all catalogs in this page as they are already filled with sold properties, we are taking necessary steps to provide you all with updated listings and we’ll update you when these are ready.

Submit an offer for a property

Since Buena Mano has a “First Come, First Served” policy, submitting an offer quickly increases your chances of being first in line (obviously!). To submit an offer now, download the offer to buy form below. NOTE: NO RESERVATION FEE IS REQUIRED UPON SUBMISSION OF AN OFFER TO PURCHASE!

Step 1. Download the Offer To Purchase (OTP) Form

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Step 2. Fill-out the OTP form with required information

Step 3. Affix your signature on both pages of the OTP form

Step 4. Submit scanned copy of OTP form through email to the following

  • buenamano(at)bpi.com.ph
  • sales(at)foreclosurephilippines.com

Step 5. Secure a confirmation that your OTP form has been received by calling us at:

  • 966-2541 / 0917-8568573
  • 964-9489 / 0917-8843882

If you need to learn more about the purchase process before submitting an offer, please refer to an overview of the purchase process below.

The complete purchase process

  1. Submit the OTP Form (click here to download a copy). You may email the scanned and signed (front and back pages) Offer to Purchase to sales(at)foreclosurephilippines.com and buenamano(at)bpi.com.ph.
  2. If you are the first in line (or your offer is currently the one being processed), you will have to submit a Buyer Information Sheet with two valid government-issued ID’s (if you are married, submit two valid ID’s of your spouse, if any, as well).
  3. If your offer is approved, you will have to pay 10% earnest money within 5 to 10 calendar days from receipt of notice of approval.
  4. We will assist you in securing a home loan with the best possible interest rates. Download a copy of the Loan Application Form and send back a scanned copy.
  5. If the approved loan amount is lower than 90% of the selling price, and buyer paid only 10% earnest money, you will have pay the difference upfront.
  6. Pay taxes and fees for the account of the buyer (documentary stamps tax or DST, transfer fees, registration fees). Note: As your real estate broker, we do the all the legwork for all of these for you at no cost whatsoever.

Payment terms

Properties can be purchased with the following payment modes:

  • Cash
  • Bank financing (through a housing loan)
    • Through BPI, BPI Family Savings Bank or any major domestic bank
    • Terms are subject to separate credit approval by the lending bank

What are Green Tag properties?

Green Tag properties are real estate properties already cleared with Titles and Tax Declarations duly consolidated / Transferred under the name of the bank which foreclosed the property/ies with its authorized caretakers, particularly those with improvements and can be visited / inspected anytime.

What are Yellow Tag properties?

Yellow lag properties are real estate properties with any of the following “special concerns”: Titles and/or Tax Declarations are still in process of transfer to the bank which foreclosed the property/ies; or Titles are already under the name of the bank but the properties are still occupied by the former owners, tenants or illegal occupants; or there are property documents that still need to be updated.

What are Red Tag properties?

Red Tag properties are real estate properties specifically with pending court cases (under litigation) filed by the previous owners against the bank. Titles of these properties are with annotation/s adverse claims or lis pendens. Interested party is directed to verify status of the case/s from the court/s.

Frequently Asked Questions (FAQ) and answers

1. Can I make an offer below the asking price?

Yes you may, but the First Come, First Served policy of the bank will not apply to your offer. In other words, other offers that are equal to or higher than the asking price will be attended to first, even if you submitted your offer earlier.

2. Will a cash offer get a better chance of being approved?

Regardless of whether an offer is for cash or bank financing, the First Come, First Served policy will be observed and offers are attended to in the order they are received without biases and preferences.

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3. What is the FIRST-COME, FIRST-SERVED POLICY?

“First come, first served is the service policy of the bank whereby the offers to purchase are attended to in the order they are received without biases and preferences. This policy shall apply only to offers which are equal to or higher than the bank’s asking price.”

4. Is a reservation fee required when submitting an offer?

No, prospective buyers are not required to pay any reservation fee when submitting an offer to purchase. A buyer will only be advised to pay 10%  earnest money once his offer is approved.

5. When is the earnest money due?

The 10% earnest money is usually due within ten (10) calendar days upon the buyer’s receipt of a letter advice from Buena Mano Property Sales and Leases.

The buyer will also be advised through the letter when the balance of the downpayment should be paid, terms and conditions, and other fees. The 10% earnest money will form part of the downpayment.

6. What is the minimum down payment?

The minimum downpayment would depend on the loanable amount that will be approved by the lending bank that will provide the housing loan. It would be equal to the selling price less the approved loan amount.

For example, if the approved loan amount is equal to 80% of the total purchase price, then the minimum down payment shall be the remaining 20%. The minimum downpayment is inclusive of the 10% earnest money, which means if one has already paid the 10% earnest money, only an additional 10% is needed to complete the 20% downpayment.

7. What are the housing loan interest rates?

If you choose to finance the purchase with a housing loan from BPI or BPI Family Savings Bank, it will be through a mortgage contract, and the prevailing interest rates at the time of loan availment will apply.

For your reference, please see below indicative housing loan rates:

Housing Loan

Source: BPI Express Online (as of February 18, 2014)
Tenor
Interest Rates
Yearly5.50%
2-3 years6.50%
4-5 years7.00%
6-10 years8.50%
11-15 years9.50%
16-20 years11.00%

Important: The above home loan rates are only indicative rates. To get the prevailing interest rates, you may visit the link above or contact us. We can assist you in securing a bank loan.

8. How long does it take to get loan approval?

The speed of the loan approval depends on many factors like the submission of all required documents. I provide free housing loan application assistance to property buyers as I am also accredited with their housing loans group.

9. I have a question not included above, who can help me?

If you have a question other than those listed above, just ask them by through the inquiry form.

Services you get from us for free

If you submit an OFFER TO PURCHASE FORM with my name as your referror/broker, we will do the following for you as your real estate broker:

  • Make regular follow-ups with the bank regarding your offer and we will give you updates on the same.
  • We will also assist you in securing a bank loan to complete your purchase.
  • We shall take care of the legwork for the payment of taxes and other fees
  • We shall take care of the legwork for the transfer of the title of the property from the bank to you.

All of the services above shall be at NO COST TO YOU. These are part of our services as accredited real estate brokers of Buena Mano.

The “fine print” – PLEASE READ!

ALL PROPERTIES ARE FOR SALE ON “AS IS WHERE IS” AND “FIRST-COME, FIRST SERVED” BASIS. PROPERTIES MAY BE WITHDRAWN WITHOUT PRIOR NOTICE.

Prices are not applicable to buyback transactions with former owners. Please call for buyback prices.

PRICES ARE SUBJECT TO CHANGE WITHOUT PRIOR NOTICE.

ALL OFFERS ARE SUBJECT TO MANAGEMENT’S APPROVAL.

Misprints and other errors are unintended and do not constitute acts of misrepresentation, intentional non-disclosure, fraud or withholding of accurate property details and pricing.

Buyer Inquiry Form

This inquiry form is for serious buyers only!
To helps us serve you better, kindly fill-out as completely and as accurately as possible.

What is your name? (required)

What is your email address? (required)

Re-enter your email address to confirm (required)

What is your cellphone or landline telephone number? (required)

Are you a direct buyer? (required)

Note: If you are a broker/referror, please remember that we are also brokers.

Please Choose Your Preferred Payment Mode Below: (required)
 Cash Home Loan (Downpayment: 20% for House and Lot, 40% for Vacant Lot)

Please Enter The Property Code (Ex. A-123) Below separated by comma (maximum of 3): (required)

Please Enter The Page in the Catalog: (required)

Please Enter Your Inquiry Below: (required)

 I acknowledge ForeclosurePhilippines.com and their real estate broker as my official broker/referrer

CAPTCHA code: captcha
Enter code here (required):

To follow up on your inquiries, you may contact us through the following ways. Note: When calling/texting us, please be ready/include with the following info:

  • PROPERTY ID (located at the top right of each property in the catalog)
  • PAGE # in the catalog (located at the bottom of the page)

Phone – please call from 9am – 5pm, Mondays to Fridays.

  • Landline: 966-2541 / 964-9489
  • Cellphone: 0917-8568573 / 09178843882

Email

  • buenamano(at)foreclosurephilippines.com

Happy hunting!

~~~

To our success and financial freedom!

Jay Castillo

Real Estate Investor
PRC Real Estate Broker License No. 3194 
Blog: http://www.foreclosurephilippines.com
Connect with us – Facebook | Twitter | Blog RSS | Google +

Text by Jay Castillo and Cherry Castillo. Copyright © 2008 – 2014 All rights reserved.

Full disclosure: I am an accredited real estate broker of Buena Mano Property Sales and Leases. If you learned about this list of acquired assets through ForeclosurePhilippines.com, kindly acknowledge me as the accredited broker who referred you (at no additional cost to you). Other real estate brokers, agents, referrers are welcome, just call us for details!

Disclaimer: The properties on the catalog above are for sale on an “as is where is basis”. All are advised to do the necessary due diligence before entering into a binding commitment financially or otherwise in relation to any of the listings of foreclosed properties published in ForeclosurePhilippines.com. Inadvertent misprints shall not alter the factual condition of any property published in ForeclosurePhilippines.com, nor shall they be deemed as misrepresentation.

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  • http://www.foreclosurephilippines.com Jay Castillo

    Comments will now be closed. Please use the Buyer Inquiry form to submit inquiries, thank you.

  • http://www.foreclosurephilippines.com Jay Castillo

    It’s right below the Metro Manila catalog.

  • Mel

    I am interested the properties f 007,k 063,k 082.are they still available? More info and more pictures please.

  • http://www.foreclosurephilippines.com Jay Castillo

    Hi Lance, my wife Cherry will check for you. Sorry for the late reply.

  • eloisa

    Hi i am interested in F-007 property in the jade catalog.. How can i get its details and a clear picture please. I am located in valenzuela, if i can get the exact location i can drop by.. is it near the brgy hall of brgy maysilo? email me please, thanks

    • http://www.foreclosurephilippines.com Jay Castillo

      Hi Ms. Eloisa, thanks for the inquiry. I’ll get back to you asap with the info/details you need. As instructed, we’ll email you directly.

    • http://www.foreclosurephilippines.com Jay Castillo

      Hi Ms. Eloisa, my wife Cherry already sent the details you requested through email. Di you receive it?

  • Dix Agustin

    What is the exact address of this property. . T-185 / P43

    • http://www.foreclosurephilippines.com Jay Castillo

      Hi Mr. Dix, let me check and we’ll get back to you in a bit…

      • Dix Agustin

        waiting sir Jay. . . .

        • http://www.foreclosurephilippines.com Jay Castillo

          Hi Mr. Dix, please check the google map for the property through this link: http://goo.gl/maps/NJ3NV

          This is the only data available from the bank aside from the address Lots 979-A-2-C and 979-A-B-3 Sta Maria – Pandi Road, Barangay Sta. Clara, Sta Maria Bulacan.

          My wife Cherry will also send you other details directly through email.

  • Dix Agustin

    Can u give me the full address of this property. . T-185

    Lots 979-A-2-C and 979-A-B-3

    Sia Maria – Pandi Road

    Brgy Sta Clara, Sta Maria

    LA:577 sqm FA; 200 sqm

    1 -storey house

    • http://www.foreclosurephilippines.com Jay Castillo

      Thank you sir Dix for the inquiry, we’ll get the details and revert to you asap…

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  • http://windows alona

    good day sir jay,

    ask ko lang po i available pa ung B-027 ?
    interesado po ako dito,and ask ko narin po bakit yellow
    ag ito,vacant lot po sya.thanks

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  • bernard joseph magbanua

    Hi Jay, i would like to thank you for responding to my email months ago. Well now i am really wondering even confused, why banks still sell their foreclosed properties(RED TAGGED) as with BPI, when you yourself even advise us, potential buyers to stay away from these kind of properties. Because until now i still am keen to buy this RED TAGGED foreclosed lot from BPI (BAC-054). I know from the bank that they want to sell this property in CASH. but the problem is what happens with the case between BPI and the previous owner. Is still there a possibility, that even when the property is already under the name of PRUDENTIAL, now managed by BPI, that they(BPI) would still lose the case against the prev owner, and then as the one who bought the property in from BPI, would end up on the losing end and lose the property.

    • http://www.foreclosurephilippines.com Jay Castillo

      Hi Bernard, you’re welcome. Sorry if my reply made you even more confused, but let me try to add more info about Red Tag properties here.

      As to why banks even try to sell them if they are with pending court cases, I heard they are required by the Banko Sentral ng Pilipinas (BSP) to do so and they can get sanctioned if they don’t.

      As to the risk involved with losing all your money, especially if you have to pay in cash, the good thing with BPI is they will only allow the purchase if a compromise agreement is reached between the previous owner and the new buyer, which virtually eliminates the risk (because the previous owner is willing to drop the case based on the terms and conditions in the compromise agreement). However, this is very complicated, and requires a very good lawyer to ensure the agreement is rock solid.

  • Noel

    I’m interested in Property 0-169
    Located at lot 1, PSD-04-179918
    Hope Street, Metro Executive Village.
    I want an occular. Is it possible?

    Thx Noel

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  • Catherine

    Hi I’m interested on Townhouse N-050 at Tandang Sora.

    Still available? Why is it in yellow tag?

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  • Ann

    Hi Jay,
    Is C-036 still available? Can you email me more pictures.
    Thanks.

    • Roel Vergel

      Great day, The C-036 property in Laguna are Sold already.

      Regards,

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  • Dex

    Hi Jay,
    I’m interested in this property.
    Property ID: O-074
    Page #: 35

    Can you send me some pictures or details if still available.
    Thank you

    • Roel Vergel

      No. 551 Zircon Street, Palmera Hills 2 Subdivision, Taytay, Rizal
      Lot Area (sqm) : 42
      Floor Area (sqm) : 70
      Price (Php) : 850,000

      Storeys : 2
      Bedrooms : 2
      Bathrooms : 2
      Usage Classification : Residential
      Description
      2-storey house with 2BR & 2TB
      Property Classification : Green Tag (in possession with complete property documents)
      Status: AVAILABLE (Please click the “OFFER TO PURCHASE FORM for BUENA MANO Q1-2013″ above to get a copy of the Offer form)
      Regards..

  • Rodel

    Property ID: E-029
    Page #: 16

    What is the exact reason this property is yellow-tagged?

  • hanna

    Im interested in vacant lot tag DV 055 Zamboanga City..Im here in saudi how can I get it to loan from the bank?

    • http://tayomilyonaryo.sulit.com.ph Roel Vergel

      Great day, Mam Hanna, the property you are inquiring ( DV-055) are still available. Please click the “OFFER TO PURCHASE FORM for BUENA MANO Q1-2013″ above to get a copy of the Offer form..
      Regards..

  • Shere

    Hi jay,

    Ask ko lng is red tag safe buy? Since the property have court cases?

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  • http://bluemev@yahoo.com Marilou

    am interested in dag 043. can you give me some more info? email me please.

  • Alanodin Bilao

    Good morning, Jay.
    I am interested to know more details about properties SFO-022 and SFO-025, which are both included in Luzon catalogue.

    For SFO-022, it mentions that the (6) lots are within Lot 29-G, does it mean that these lots are next to each other; would this properties be ideal for a piggery business, I notice there are poultry farms around it.

    • http://tayomilyonaryo.sulit.com.ph Roel Vergel

      Sir:

      The properties are tag as yellow because we cannot pinpoint the location of the properties in the absence of concrete monuments. Per appraisal reports, these are riceland although these are residential lot in their respective tax declarations.
      -*Account officer for San miguel bulacan property

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