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: [email protected]
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!
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1.) All sales on “AS-IS, WHERE-IS” and “NO RECOURSE” basis. No warranties.
2.) Prices are 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.
*- Does anyone know what “friction costs” mean? Please do leave a comment if you do. Thanks!