Home Guaranty Corporation (HGC) Properties For Public Bidding

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I found this notice of sale for Home Guaranty Corporation (HGC) properties which are being offered for public bidding.  Although a lot of the properties on the list still have illegal occupants, there are a few that are already vacant. Please refer to the remarks column of the ad to get more details.

Personally, I would rather avoid those properties that are still occupied. As for those that are vacant, it appears that their TCT’s are yet to be consolidated, meaning they still have to be transferred to HGC. Better call them up for more details.

Properties included on the list are from Sucat Paranaque, Las Pinas, Dasmarinas Cavite, Imus Cavite, Bacoor Cavite, general Trias Cavite, and Davao City.

Click here to download Home Guaranty Corporation’s notice of sale of properties for public bidding. (Source: Philippine Daily Inquirer, July 4, 2009, Page-A18)

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For more details, interested parties may call HGC at 896-0425 or 897-3149 or visit their head office at the Jade Building, No. 335 Sen. Gil Puyat Avenue, Makati City, Philippines.

Happy Hunting!

To our financial freedom!

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

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

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About Jay Castillo

Jay is the founder of Foreclosurephilippines.com where he shares real estate investing tips and foreclosed property listings. He quit his job as an I.T. Manager to focus on Real Estate Investing and Internet Marketing. He is a PRC licensed Real Estate Broker (REB License # 3194)... [Read more]

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  • Eleine

    Hi Sir Jay,

    Im into buying a lot here in Kias, Baguio City. The lot was acquired through HGC, the only documents that the seller is showing me is the CERTIFICATION from HGC stating that the property has been fully paid under the name of the seller and the technical description of the property. Are these documents enough for me to decide whether or not to buy the lot? please advise.

    Thanks. God Bless

  • vanny

    hi jay — what do you do with illegal tenants? how do you start the eviction process? is it your responsibility when you buy the property or is it the banks’? thanks..

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

      Hi Vanny, As far as I know, the new buyer will have to file the ejectment case. This will be the responsibility of the buyer. Personally, I would stay away from such properties and would recommend the same for beginning investors. You’re welcome and thanks for visiting!

  • http://www.ErickBLOGdat.com Erick

    Hi Jay, i just like to ask re: newly acquired RE. Did you pay for the total down payment (about 10%-20% of bid price) that’s why you now have an access to renovate and sell the property? or is there some kind of special negotiation or terms with the bank?

    Congrats again!

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

      Hi Erick, for RCBC, the minimum DP is 20% and once this is paid and the CTS is approved, I will be given authority to renovate/occupy the property. By the way, it was nice to finally meet you and Vikki during the Philippine Real Estate Festival!

      • http://www.ErickBLOGdat.com Erick

        Thanks a lot for your reply. I really should prepare enough capital to invest as down payment unless i can find a trade, low or no down payment at all.

        More power to your blog and more success to all of us!

        Nice to meet you too in person, Jay!

  • Shaun

    Hi Jay,

    Congrats sa bagong property na-acquire mo, thanks din at sinama mo ako sa bidding, more power to you.

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

      Thanks Shaun and you’re welcome! I hope to see you bidding on your first property soon!

  • beth dela cruz

    Hi Jay,

    Thanks for this post. I emailed you asking some queries regarding investing in foreclosed. I am waiting for your reply. Thank you so much and thank you for being so nice by sharing these infos.

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

      Hi Beth,

      Yes I got your e-mail, thanks! Will reply to it as soon as possible. I still have 3 pending e-mails and these are for you, Caren, and Mang Jun. You’d be surprised how many e-mails I receive but don’t worry, I answer all of them. :-)