I would like to share an updated list of Metrobank Acquired Assets for sale as of May 19, 2009 covering the Metro Manila Area. Actually I received this listing of foreclosed properties from Metrobank’s Acquired Asset Management & Disposition Group (AAMDG), after my wife requested a copy of the listing via e-mail. I received the email containing this list about a month ago and I’m so sorry for not posting this sooner. It seems this was one of those listings that got sidelined when I migrated this blog to WordPress.

Anyway, please take note of the important reminders as indicated on the list which I have copied and pasted below for everyone’s reference.

IMPORTANT REMINDERS:

1. All sales on “AS-IS, WHERE-IS” and “NO RECOURSE” basis.  No warranties.
2. Prices NOT applicable to buybacks by former owners.  Please contact Sales Division for buyback price.
3. Properties & prices subject to change anytime & may be removed from the list for any reason Top Management deems appropriate.
4. The list may reflect properties sold without the knowledge of AAMDG.  For immediate correction, kindly advise AAMDG of such fact if identified.
5. If multiple offers are received for the same property, a bidding shall be conducted and the property shall be awarded to the highest bidder.
6. Mere submission of an Offer to Buy does not confer “first option” or “first right” to the offeror.
7. The deficiencies stated herein are not meant to be exhaustive, comprehensive or complete.  Buyers are advised to conduct their own due diligence prior to making an offer.
8. The Bank only shoulders Creditable Withholding Tax up to purchase price.  Excess CWT and all other friction costs are for buyer’s account.
9. This list is an intellectual property of Metrobank. However, Metrobank is not in anyway liable if this shall be copied, reproduced, altered & /or tampered for any activities other than the purpose of marketing properties contained in it.

Do take note that I have attached the list in its original and unaltered form. By attaching the list in this article, I am actually marketing the properties contained in it for free as a service to all readers and subscribers of this blog.

For more details, please refer to the contact info below:

Hotline  – Tel. No. (02)750-1336; Fax No. (02)816-7919

Contact Persons:

• Metro Manila North/ CAMANAVA Area : Ms. Majo Cabalda  -  Tel. No. (02)857-9686
• Metro Manila South Area : Ms. Mimi Cuachon  -  Tel. No.(02)857-9685
• CALABARZON Area : Ms. Vilma Hernandez  – Tel. No.(02)898-9001
• Countryside – Luzon Area :  Ms. Luchie Quiambao  -  Tel. No.(02)857-9685
• Countryside – Visayas/Mindanao Area : Mr. Danny Lozada  -  Tel. No. (02)898-8997

Click here to download the listing of Metrobank Acquired Assets for sale as of May 19, 2009.

Happy hunting!

To our financial freedom!

Jay Castillo
Real Estate Investor
REBL#: 20056
Blog: www.foreclosurephilippines.com
Social Network: foreclosurephilippines.ning.com
Mobile: +639178843882
E-mail: ph.investor@gmail.com

Text by Jay Castillo. Copyright © 2009 All rights reserved.

Metrobank Acquired Assets For Sale As Of May 19, 2009 – Metro Manila Area is a post from: Foreclosure Investing Philippines

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I received a real estate foreclosure listing of Metrobank’s bank foreclosed properties for sale from Jennifer Ong, a freelancer. I am now posting the listing after getting permission from Jennifer, and I would also like to give thanks and due credit to Jennifer for letting me post this list of foreclosed properties for sale.

Please take note that this is a nationwide real estate foreclosure listing from Metrobank, which includes more than 3,000 bank foreclosed properties throughout Metro Manila and the rest of the Philippines. This is not an auction, interested buyers can submit their offers or negotiated bids to Metrobank’s AAMDG. If you are interested on candidate properties for real estate investments, or if you have any other questions, you may contact Jennifer through her e-mail address: jennmark@hellokitty.com

Although the listing indicates it was updated as of October 7, 2008, the list appears to be unchanged upon checking when I asked for an updated copy at the Acropolis Branch of Metrobank, just before the Christmas break.

I also tried to counter check with Metrobank’s website but when I do a property search, no properties are listed, there’s probably a glitch or their database is under maintenance. Furthermore, the links to download Metrobank’s directory of their Sales Division, Offer-to-buy form, and Client Information sheet also appear to be broken as of this writing. I’ll try to get these and update this post later.

In the meantime, you can download the Metrobank listing of bank foreclosed properties for sale here!

Don’t forget to subscribe to my mailing list if you don’t want to miss any new listings of foreclosed properties for sale.

Metrobank Nationwide List Of Bank Foreclosed Properties For Sale is a post from: Foreclosure Investing Philippines

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