RCBC Savings Bank has released a new listing of foreclosed properties for their latest Dream Buys Sale. Take note that properties included in this listing are not for auction but rather for negotiated bids.

Areas covered are Makati, Paranaque, Las Pinas, Muntinlupa, Quezon City, Marikina, Antipolo, Caloocan, Rizal, Laguna, Cavite, Bulacan, Bataan, Nueva Ecija, Pampanga, Tarlac, Pangasinan, Baguio, Batangas, Quezon Province, and Naga.

Download the RCBC Dream Buys Listing here.

Since this real estate foreclosure listing is not for auction, prices are negotiable! Time to find those diamonds in the rough that are great real estate investments and make offers!

Happy hunting!

It was my birthday last December 9, 2008 and I decided to spend a relaxing afternoon at the CBRE public auction of foreclosed properties which happened to be on the same day. Aside from the delicious pasta they served as merienda which I jokingly referred to as my birthday treat, I was also pleasantly surprised when the courteous and friendly staff of CBRE, the auction organizer, recognized me as a successful bidder in a previous auction they had, even though that was more than a year ago.

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“Are you always sending BALIK BAYAN boxes every month or every payday, year after year?
Are you working your head off having 2-3 jobs to just earn enough for you and be able to send money home?

What if you can make your money work for you! Instead of getting 2-3 jobs, you teach how your relatives can earn money from rental properties? Wouldn’t this lighten the load.

Instead of BALIK BAYAN BOXES, why not a HOUSE and LOT, or an APARTMENT which you can rent out. It’s safe since your family can not sell it without your permission, not like a car, computer or any expensive appliances like TV.

You will be surprised to know that the amount you spend to fill up a BALIK BAYAN BOX can actually buy you a rental property that can earn you additional money.” Read the rest of this entry

Unionbank shall be having simultaneous public auctions of provincial foreclosed properties on December 20, 2008, Saturday, 9:00am, at the following venues:

Unionbank shall be having a special public auction of foreclosed properties on December 13, 2008, Saturday, 9:00am, at the Delas Alas Room, 2nd floor, Philippine Columbian Sports Club, Plaza Dilao, Paco, Manila, Philippines.

Areas covered are Paranaque, Makati, Las Pinas, Mandaluyong, Quezon City, San Juan, Antipolo, Caloocan, Pasay, Bulacan, Cavite, Laguna, and Rizal.

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I received an updated listing of foreclosed properties which are up for sale during CBRE’s public auction scheduled on December 9, 2008, Tuesday, 2:00pm, at the Penthouse B.A. Lepanto Building, 8747, Paseo De Roxas, Makati City, Philippines

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After asking for a copy of the auction guidelines, I received instead a copy of the CONDITIONS OF SALE for the UCPB auction of foreclosed properties on November 29, 2008. I advice interested bidders to carefully read all the provisions in the CONDITIONS OF SALE which I pasted below prior to the auction date.

It would be better to read this now and raise any questions you may have prior to the auction right? Read on…

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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 offers with 5% markup on the minimum bid price. Read the rest of this entry

Now you have a list of foreclosed properties but then you may be asking yourself, “Why Foreclosed Properties?” I found this very enlightening article about foreclosed real estate. Read on… Read the rest of this entry