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Invitation to bid for PNB and Allied Bank Prime Properties

by Jay Castillo October 8, 2010 Allied Bank 5 comments

Another joint public sealed bidding for Prime Properties of the Philippine National Bank (PNB) and Allied Banking Corporation will be held this coming October 15, 2010. Venue will be the at the PNB Special Assets Management Sector (PNB-SAMS) office, 9th floor, PNB Financial Center, President Diosdado Macapagal Blvd., Pasay City, Philippines.

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How to compute for the projected costs for acquiring, carrying, and selling a property

by Jay Castillo October 7, 2010 How to do the Numbers 12 comments

In my recent post on How to compute for the Maximum Allowable Offer or MAO for foreclosed properties, I mentioned that instead of multiplying the After Repair Value (ARV) with the Cost Factor (CF), you can just subtract the projected costs for acquisition, carrying costs, and marketing costs, from the ARV less Profits and Repair [...]

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REIT updates: PSE REIT listing rules, BIR REIT IRR Draft, and BIR REIT RMC

by Cherry Castillo October 6, 2010 RA 9856 - REIT Act of 2009 1 comment

I suppose a lot of you out there might be wondering whatever happened to the Philippine REIT. Since our last post about the REIT Implementing Rules and Regulations (IRR) released by the SEC, a lot of time has passed and it seems there has been no further developments. Why is the REIT’s implementation taking so long? Read on to [...]

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Here’s the complete list of SSS acquired assets for sale as of October 4, 2010

by Jay Castillo October 4, 2010 SSS 25 comments

I was able to visit the Philippine Housing Fair 2010 yesterday at the SM Megamall and one of the booths I visited was the booth of the Social Security System or SSS. Unlike other housing fair participants who told me their listings of acquired assets and foreclosed properties for sale can be found at their respective [...]

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Philippine Housing Fair 2010 slated on October 1-3, 2010 at SM Megamall

by Jay Castillo September 29, 2010 Government Foreclosed Properties 19 comments

The Philippine Housing Fair 2010 will be held on October 1-3, 2010, 10:00am to 9:00pm, at the SM Mega Trade Hall 2, 5th level, Mega B, SM Megamall, Ortigas Center, Mandaluyong City, Philippines. I learned about the housing fair through a poster which I saw at Pag-IBIG yesterday, and also through a heads-up from my [...]

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Metro Manila foreclosed properties auction of Star Properties slated on October 16, 2010

by Jay Castillo September 28, 2010 Bank Foreclosed Properties 40 comments

Star Properties will be having another auction of Metro Manila foreclosed properties and bank acquired assets on October 16, 2010, at Max’s Jupiter Branch, Makati City, Philippines. Registration for interested bidders starts at 10:00am and the auction proper will begin at 11:00am.

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How to compute for the Maximum Allowable Offer or MAO for foreclosed properties

by Jay Castillo September 27, 2010 How to do the Numbers 12 comments

As promised in my post on how to compute for the After Repair Value or ARV of foreclosed properties, I will now discuss about Maximum Allowable Offer or MAO. Determining your MAO is probably one of the most important things you need to do, before you even consider buying a foreclosed property. This is because [...]

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Watch the webinar replay on "How a secretary can invest in real estate with just Php2,000"

by Jay Castillo September 25, 2010 Real Estate Seminars 17 comments

I would like to share this 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 [...]

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Who else wants to learn how a secretary can invest in real estate with only Php2,000?

by Jay Castillo September 23, 2010 Real Estate Seminars 10 comments

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Complete list of Quezon City delinquent real property for public auction published

by Jay Castillo September 22, 2010 Tax Delinquent Properties 11 comments

As a follow-up to my previous post on the notice issued by the Quezon City Treasurer’s Office, this post contains the complete list of tax delinquent properties for sale through public auction on October 7, 2010, by virtue of Section 260 and 263 of RA 7160, otherwise know as the Local Government Code of 1991. [...]

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