I know a lot of readers and subscribers of Foreclosure Philippines have been waiting for updated listings of repossessed cars for sale. I must admit that there have been a number of listings of repossessed cars that I missed posting during the past recent weeks, sorry about that.

Ever since my “early retirement” from being an employee  started last February 1, 2010, one of the things I have been looking forward to was posting more listings of repossessed cars. However, 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 recently found a list of foreclosed cars for sale via auction from Plantersbank and as usual, I am posting it here for the benefit of those looking for cheap used cars. These foreclosed cars from Plantersbank shall be sold via public auction through sealed bidding and the deadline of submission of bids is on November 13, 2009, 12:00pm. Read the rest of this entry

Pardon me if I may have been bombarding you with a lot of listings of repossessed cars for sale from a number of banks lately. It just so happens that a bunch of them came out this week and the deadlines for the submission of bids are already next week so I really need to post them here quickly. I’m also quite sure that there are lots of people out there searching for bargain second hand used cars and I really hope that by posting these listings of repossessed cars here, I am able to help in my own little way.

Anyway, this is the last one I will post (for now) as this is the last one remaining. This list of repossessed vehicles is from United Coconut Planter’s Bank (UCPB). Read the rest of this entry

I have stumbled upon a new listing of repossessed cars for sale from UnionBank of the Philippines. Unlike my previous post, I am glad to be able to post the list of repossessed cars earlier this time around to give interested buyers enough time to inspect the cars and do their due diligence. The deadline for submission of bids is on Tuesday, September 22, 2009. Actually, the bidding period for these Union bank repossessed cars for sale is from September 14-22, 2009.

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I recently found this invitation to bid for repossessed cars from Unionbank and I am sharing it here. I guess this was what my father-in-law was referring to when he said a BMW was being sold by Unionbank where he is a consultant. If you will notice, a BMW 120D with automatic transmission is part of the list of repossessed cars for sale. No, my wife and I have no plans of buying a BMW! I guess the topic came up in our converstaion when we remembered about the bridal car we used in our wedding 5 years ago which was an old BMW 325i. Read the rest of this entry

I’ve noticed Foreclosure Philippines has been getting a significant number of visitors looking for bank repossessed cars and logs indicate that this has been increasing lately. Rather than disappoint these visitors, I have decided to add a new category of free listings of repossessed cars. Repossessed cars which have been foreclosed by banks form part their inventory of acquired assets for sale so they definitely fit into this site. I’m just glad that I changed this site’s name from Foreclosed Real Estate Philippines to Foreclosure Philippines way back when I migrated to Wordpress. Now, I am not restricted to only foreclosed real estate and can cover all sorts of foreclosures.

Investing in bank repossessed cars is just like investing in foreclosed real estate. The principles are the same. In fact, I know a real estate investor who applies real estate investing techniques to investing in bank repossessed cars. Read the rest of this entry

I attended the 3rd Philippine Real Estate Festival last July 24, 2009 and one of the banks that I found as a participant in the event was Chinabank. I was able to get a copy of their “Real Deals” publication which features hundreds of residential, commercial, and industrial properties for sale at below market values (as written on the front page). Aside from foreclosed properties, the Volume 1 May – June 2009 issue of Real Deals also features good condition second hand vehicles/bank repossessed cars. I am posting a copy of the publication here for the benefit of those who were not able to attend the Philippine Real Estate Festival.

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