The Property Forum Philippines will be having another auction of foreclosed properties entitled “El Subastajero’s Choice Auction”. One odd thing I noticed however is that there was neither any date nor time indicated in the auction announcement. I believe these details are too important to be left out so I  was thinking they might have done this on purpose. Now why would they do such a thing?

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As mentioned in my recent post about PNB’s Asset Gazette for January 2010, Property Forum Philippines will be conducting a series of “New Moon” auctions of foreclosed properties that coincide with the actual dates of the “New Moon”. This particular auction will be held on February 13, 2010, at Max’s Restaurant, Jupiter St., Makati City, Philippines. Registration starts at 8:00am and the auction proper starts at 9:00am. Read the rest of this entry

Everyone is invited to buy foreclosed properties from Unionbank’s 148th Special Public Auction on January 23, 2010, Saturday, 9:00 AM, at the Delas Alas Room, 2nd floor, Philippine Columbian Sports Club, Plaza Dilao, Paco, Manila, Philippines.

Only 10% downpayment is required, with the balance payable up to 15 years, with fixed interest rates at 13% per annum for the first 3 years and 15% for the next 12 years. Just bring Php20,000.00 show money in the form of cash or manager’s checks (MC) to qualify to bid for each foreclosed property. Read the rest of this entry

During our lunch break at the office yesterday, I begged off from doing something which I have dreaded for the past 12 years in the corporate world, Christmas party presentations! You might be asking what the heck does this have to do with investing in foreclosures in the Philippines? Read on to find out. 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

My wife who has become so obsessed with finding a new house we can call our home shares updates on what we are thinking of doing with our old house that was devastated by Ondoy, what things to consider, our target locations, finding not just a house but also a sound real estate investment by searching foreclosed property listings, and applicable tax exemptions and pending articles about this and other taxes that apply to real estate, which I hope she finishes soon… Read the rest of this entry

Scenario: A foreclosed property looks ugly because it has not been maintained for quite a long time, it obviously needs repairs, it is dirty and stinks, and looks like a house that does not belong to the neighborhood because the surrounding houses look okay, although the house is really not that different from the other houses in terms of house design and structure.

Investor Mindset 1… Read the rest of this entry

Assuming that you already have a property which you intend to sell or lease out, it is important to know whether or not VAT applies to your real estate transactions, and how you can avoid the imposition of VAT. Same goes if you intend to buy a foreclosed property.

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