Property Forum Heroes’ Day auction of foreclosed properties on August 31, 2009

Updated on January 23, 2013 by 4 Comments

The Property Forum Philippines shall be conducting another public auction of foreclosed properties entitled “Heroes’ Day Auction” which shall be held on August 31, 2009 at Max’s Jupiter St., Makati City, Philippines. Registration starts at 8:00AM and the auction proper starts at 9:00AM.

Foreclosed properties can be purchased through bank financing for as low as 8% interest, for as little as 10% downpayment, and up to 10 years to pay.
The auction is to be conducted by Noli “El Subastajero” Alleje.

Instant Cash Knockout
As usual, instant cash knockout is available, just add Php1.00 to the minimum bid price to withdraw your choice of property from the auction in an instant. In my recent post about my failure to grab a real estate investment property, I mentioned that the same failures happened to me at least five times. I remember at least two of them were because of the instant cash knockout option as other buyers were able to buy the properties I wanted to buy through instant cash knockout. To avoid the same, my tip for you is to do the numbers and due diligence fast, then get the property before someone else does before the auction (I often refer to this as pre-auction bids). However, just in case the property you want has been sold already, it’s really no problem, just keep moving forward like I did and you will soon be getting the property investment that’s truly meant for you.

The foreclosed properties included in Property Forum’s latest auction include properties from Metro Manila, Luzon, Visayas, and Mindanao.

Metro Manila properties include those from Antipolo, Las Pinas, Mandaluyong, Pasig, Quezon City, Paranaque, Taguig, and Valenzuela.

Luzon properties include those from Baguio, Bataan, Batangas, Bulacan, Camarines Sur, Cavite, Isabela, Laguna, Naga City, Nueva Ecija, Nueva Viscaya, Quezon Province, Pampanga, Pangasinan, and Tarlac.

Visayas properties include those from Bacolod, Capiz, Cebu, Iloilo, and Negros Occidental.

Last but not the least, Mindanao properties included in the auction are from Cagayan De Oro, General Santos City, Misamis Oriental, and Sultan Kudarat.

Click here to download Property Forum’s complete foreclosed property listing for their Heroes’ Day Auction on August 31, 2009.

(Source: PDI, August 17, 2009 issue, page B6)

Auction Requirements
Show Money is Php25,000 per property in the form of cash or managers check. I highly recommend managers checks for safety and convenience.

The “fine print”
All properties are offered on an “As-is, Where-is” basis. Titles of properties are either under the seller’s name or under various stages of title consolidation to seller’s name, thus prospective buyers are advised to conduct due diligence prior to entering into any contract with the seller. Property details, prices, and terms are subject to change without prior notice. The seller reserves the right to pull-out any property from the auction at any time. Changes in prices are subject to the sole discretion of the Seller.

For property inspection, please call (02) 534-9536 / (02) 534-6954 / 0921-6722888

If you are interested on any of the properties, better call them up fast!

Happy hunting!


To our financial freedom!

Jay  Castillo
Real Estate Investor
Real Estate Broker License #: 20056
Social Network:
Mobile: +639178843882
E-mail: [email protected]

Text by Jay Castillo. Copyright © 2009 All rights reserved.

P.S. – If you are a new visitor, please start here to learn more about foreclosure investing in the Philippines.

  • AnnieWagner

    Just Saying Good afternoon to all at

    Excellent site this and I am really pleased to stumble on what I was looking for … It’s taken me literally 1 hours and 12 minutes of searching the web to find you (lol) 😉 so I shall be very pleased to become a regular visitor


    :) Property Agency

  • Investing Pinoy

    Hi Jay! Ok ung instant cash knock out scheme nila ah! Parang unahan nga lang, but I guess the early bird get the early worm. I wonder if they allow also offers with option to sell.

    Investment Opportunities for Pinoys

    • Jay Castillo

      I already asked one of their brokers and she said it’s on a case to case basis. However, that was when I was still dilly-dallying and did not make it clear that I was an investor. I guess we have to check and confirm this with Mr. Alleje or his staff.

      • Bryan Uy

        Thanks Jay,

        Appreciate you posting Mr. Alleje’s reply on this query.

        Keep in touch!

        Investment Opportunities for Pinoys