As promised, I am featuring the latest listing of properties foreclosed by the Government Service Insurance System or GSIS. The GSIS is selling these foreclosed properties under their GMA HeLPS program which stands for Garantisadong Mababang Amortization na House En Lot Para Sa’yo (Guaranteed low amortization house and lots for you). I just wonder if they will change the name of this program soon since GMA is about to end her term as president.
This foreclosed listing includes a staggering 9,627 pre-owned homes for sale. If you want to save money by buying foreclosed homes, then this just might be what you have been looking for. Just stay clear of the foreclosed properties that are still occupied, as indicated on the foreclosed listing below.
The program promises lower amortizations by offering a low annual interest rate of 6%, probably the lowest available today. Aside from the low interest rate, the program also offers payment terms of up to 30 years, which again should translate to lower monthly amortization payments and make them more affordable.
If you are interested and want to know more details, please inquire directly at the GSIS Housing Booth at the GSIS Main Office lobby or any GSIS office nearest you. You may also call 479-3543. Remember, please call GSIS directly for questions or inquiries. I am just posting their listing here as a free service to readers and subscribers of foreclosurephilippines.com
I just hope this program delivers as promised without the hassles as described in my previous post about the GSIS along with comments from readers. The article can be found here: GSIS sells foreclosed housing units by offering 6% fixed interest rates but…
Don’t forget to do your due diligence!
To our success and financial freedom!
Real Estate Investor
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Text by Jay Castillo and Cherry Castillo. Copyright © 2010 All rights reserved.
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