After thinking about this for more than a year, I believe it’s time. This opportunity was first brought to our attention last March 2013, and with recent updates, I just couldn’t ignore it anymore. With all the hard work we put into the blog and the database, this might just be the best time move-on.
It was a hard and painful decision, but the numbers just made sense, and I believe anyone in the same position would agree and grab the opportunity. With that said, and with a heavy heart, we have decided to sell ForeclosurePhilippines.com for USD7.93 Million (about PHP 352.885 Million @ PHP44.50/USD) as indicated on the website valuation below.
Let me make it clear that unlike many other website acquisitions, Foreclosurephilippines.com is here to stay, and you can rest assured that the website will continue to give you updated listings of foreclosed properties (through the blog and our foreclosed real estate database), and more real estate investing tips.
In addition, we will be launching our members area very soon. This will include online training modules on how to buy and sell foreclosed properties, and other premium content exclusive for members.
Thank you everyone!
Thanks again everyone, it has was an awesome run, and we thank each and everyone of you who have been with us through thick and thin in our journey through the years.
It’s been an honor and a pleasure serving you all, and we wish you all the best!
Update as of April 1, 2014, 3:23pm (Additional information)
Due to the nature of this announcement, I cannot give more details at the moment. However, because of the many reactions we have received from a lot of people out there, we are releasing more information, which should make things clearer for everyone. Access the additional info through this link.
Text by Jay Castillo and Cherry Castillo. Copyright © 2008 – 2014 All rights reserved.
P.S. Happy April 1 everyone … wink wink!