Eastwest bank has just updated their list of repossessed cars for sale on their website. The list of repossessed cars for sale I am posting below has been updated as of December 14, 2009. If you want to learn more about investing in repossessed cars in the Philippines, please visit my first post about bank repossessed cars.

Please keep in mind that I am posting this as a service to all readers and subscribers of Foreclosure Philippines. If you are interested on any of the bank repossessed cars for sale from Eastwest bank, please contact Eastwest bank directly through MELISSA ABEL at 575-3218 or via e-mail at MDAbel@eastwestbanker.com. Read the rest of this entry

It has been quite a long while since I last posted a list of bank acquired assets for sale from Banco De Oro (BDO). I often ask for a copy of the BDO Asset Magazine whenever I get to visit any of BDO’s branches, but the friendly people from BDO often tell me that they still have no updated copy and suggest that I just visit their website.

Anyway, my wife recently asked for a complete list of BDO foreclosed properties for sale and Ms. Mary Jean V. Reyes was kind enough to send us an updated copy a complete list BDO acquired assets through e-mail. I am posting it here for those who might be interested. Read the rest of this entry

I attended a seminar on how to prevent foreclosures more than a year ago and I often heard the speaker talk about Act No. 3135 which is An Act to Regulate the Sale of Property under Special Powers Inserted in or Annexed to Real Estate Mortgages. I can’t remember exactly who gave the seminar because my notes and handouts were also destroyed during typhoon Ondoy’s visit, maybe if and when I find notes in my only laptop that got saved, I can share more details on that seminar about foreclosure prevention. That was the first and only seminar I have attended that thoroughly discussed Act 3135 which is often referenced by court rulings pertaining to foreclosures in the Philippines.

As far as I understand, Act No.  3135 governs extrajudicial foreclosures in the Philippines. Sorry, I really can’t  so I will not attempt to discuss the salient features of Act 3135, I will just share its full text here for easy reference for everyone, took me quite some time to find this! Here you go… Read the rest of this entry

I was cleaning out my archived emails in preparation for returning my company issued laptop when I stumbled upon this very interesting story in one of my emails in my sent items. I forwarded this same story to my friends way back in January 2006, a few months after I first read “Rich Dad Poor Dad” by Robert Kiyosaki. This was the time when I experienced a paradigm shift in my head after reading the book and started to devote most of my spare time to learn all about passive income, getting out of the rat race, and financial freedom.

Although I read this story almost 4 years ago, I still want to share it with all of you here as I believe that the story clearly illustrates the difference between earned income and passive income. Enough of the chitchat, please continue reading the story below… Read the rest of this entry

Post by Cherry Castillo

In my research on foreclosed properties which I found on bank websites from my husband’s post: Ultimate List of Bank Websites, I became interested in a foreclosed property from Asiatrust Bank which was located at Pinaglabanan Ext., San Juan, priced at around P1.5M so I called up their Acquired Assets Group. Unfortunately, the said foreclosed property has already been sold. Ms. Maeryl Ann B. Blacer, Jr. Marketing Officer of the Acquired Assets Group department of Asiatrust Bank’s Asset Recovery Sector, was kind enough to send me their list of properties as of November 11, 2009 which I am sharing through this post. Read the rest of this entry

This is just a reminder for interested parties to get ready for the 2009 Philippine Housing Fair which pushes through on December 27-29, 2009 at the SM Megamall Megatrade Halls 1 and 2. Originally scheduled on October 27-29, 2009, the 4th Philippine Housing fair was postponed, most probably due to the complications caused by Typhoon Ondoy’s visit. I’m just glad that the housing fair will finally push through. This was also mentioned in a recently published news article in Pag-IBIG’s website, a copy of which can be seen below. Read the rest of this entry

I recently came across an invitation to bid from the Philippine Deposit Insurance Corporation (PDIC). This invitation to bid is quite interesting because the properties that are for sale through sealed bidding are actually the Real and Other Properties Acquired (ROPA) of closed banks. I guess this helps confirm my answer to a recent comment by Jun where he had a concern with regard to a property he got through a tax foreclosure auction whose title had an inscription of mortgage with a bank that was already closed. It appears that properties of closed banks really do end up with PDIC. Read the rest of this entry

CBRE will hold its Property “Pac-yawan” Bazaar Christmas Public Auction of bank acquired properties this coming December 10, 2009, Thursday, 3:00PM, at the Brasserie, 21st Floor, Security Bank Bldg., Ayala Avenue, Makati City, Philippines. Show Money is only Php25,000. Bank financing is available but if not approved, in-house financing can be considered, subject to management’s approval. Read the rest of this entry

The City Treasurer of Quezon City shall be holding an auction sale of real properties with delinquent tax payments on land, building, and machineries on December 10, 2009 at the main entrance, Taxpayer’s lounge, Quezon City Hall, Diliman Quezon City, Philippines.

You may download the list of tax delinquent properties to be included in the tax foreclosure auction sale on December 10 through the links below. Read the rest of this entry