Foreclosure Buying

Update dated June 2, 2011 – After much thought, I have decided to leave Trace Trajano‘s local coaching program and my role as one of the local coaches. I would also like to inform everyone that I am not part of Trace’s other programs. For those who don’t know, I was once a student of [...]

I found this very interesting advertorial in the in-flight magazine of the Cebu Pacific flight we took in our recent Boracay vacation and I just want to share it to all of you here, along with my insights and opinions. The advertorial which I am posting below is from The Property Forum Philippines, one of [...]

While it’s true that I have been focusing on investing in foreclosures, I have never wished that anybody’s home be foreclosed so that I may buy it as an investment property. I consider foreclosure investing as making the most out of a bad situation – that is, a property has already been foreclosed and there’s [...]

In my last post, I mentioned about analyzing foreclosed properties to check if they are worth buying. Before doing a detailed analysis which can be too time consuming and overwhelming to some, one should at least do a quick analysis to shorten the list of prospect properties, especially with so many foreclosed properties available out [...]

Terence Ong of Real Estate Philippines News Blog came out with this great article on How to Choose: PRE-SELLING vs FORECLOSED vs SECONDARY PROPERTIES where he created a chart that shows what one should expect when buying pre-selling , foreclosed, and secondary properties, in terms of quality, availability of use, price per square meter, payment [...]

I have started this Frequently Asked Questions or FAQ about foreclosed properties for the benefit of visitors who may be looking for answers to questions that have already been asked in the past. This is a work in progress and I shall regularly update this FAQ with new questions and answers from the comments section [...]

Have you ever tried calling up a bank to inquire about a foreclosed property that interests you and you found yourself forgetting a lot of questions that you were supposed to ask? You then quickly say thanks and just hang up but when you finally compose yourself and remember what you wanted to ask, you [...]

I’ve met a lot of people who ask me how I can make money from investing in foreclosures. I then give a lengthy explanation on the various ways I can earn money to every person who asks. For the benefit of everyone who wants to know, especially in these times with all the news about [...]

With thousands of foreclosed properties for sale in the Metro Manila area alone, I found it overwhelming to choose which properties to purchase as real estate investments. To get around this, what I initially did was to identify particular areas that I am familiar with so I can focus only on them. The areas I [...]

Last week, I felt disappointed because I found out that all of the small condo units (22 sqm) in the upcoming UCPB auction were already sold out, even if the auction was still 3 weeks away. It turns out that Century Properties Management Inc. (CPMI), the one handling the auction for UCPB, had accepted pre-auction [...]