Here is a list of GSIS Family Bank foreclosed properties for sale which I got from the Housing Fair 2011 when I visited the GSIS Family Bank booth on the 3rd and final day of the event. This is essentially the same list of foreclosed properties on the GSIS Family Bank website but this list includes pictures.

The listing only says the foreclosed properties are for sale through cash or installment and no other details were given on the listing, and the same applies to their website. Anyway, if you want to get more details, you can contact GSIS Family bank directly through the contact details on the list below.

Download the list of GSIS Family Bank foreclosed properties for sale

Just click on the images below to view/download the complete listing of GSIS Family Bank foreclosed properties (with pictures) as of October 2011.

GSIS Family Bank foreclosed properties for sale from Housing Fair 2011 page 1 of 2 - JPG

You will notice on the listing above that the GSIS Family Bank website is erroneously listed as www.gsisbank.cm. It should be www.gsisbank.com

GSIS Family Bank foreclosed properties for sale from Housing Fair 2011 page 2 of 2 - JPG

Also available in PDF format: GSIS Family Bank foreclosed properties for sale from Housing Fair 2011.

Happy hunting!

~~~

To our success and financial freedom!

Jay Castillo

Real Estate Investor
PRC Real Estate Broker Registration No. 3194
Blog: http://www.foreclosurephilippines.com
Follow me in Twitter: http://twitter.com/jay_castillo
Find us in Facebook: Foreclosure Investing Philippines Facebook Page

Text by Jay Castillo and Cherry Castillo. Copyright © 2011 All rights reserved.

Full disclosure: Nothing to disclose.

P.S. Here are some pictures of the Housing Fair 2011. I look forward to attending the Housing Fair 2012 next year!

Housing Fair 2011 Pag-IBIG Booth (The GSIS Family Bank booth is on the right)

Housing Fair 2011 SSS Booth (The GSIS Family Bank booth is on the left)

P.P.S. I am helping a fellow real estate investor market a  Quezon City Townhouse for sale located in Kamuning. This is also available through a rent-to-own scheme.  Please call/txt 09157603090/5059259 for more details. A video of the townhouse can be seen below. Click here for more details.

GSIS Family Bank foreclosed properties for sale as of October 2011 is a post from: Foreclosure Investing Philippines

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The Philippine Housing Fair 2010 will be held on October 1-3, 2010, 10:00am to 9:00pm, at the SM Mega Trade Hall 2, 5th level, Mega B, SM Megamall, Ortigas Center, Mandaluyong City, Philippines. I learned about the housing fair through a poster which I saw at Pag-IBIG yesterday, and also through a heads-up from my wife Cherry.

I was a bit surprised when I saw the poster about the housing fair because it turns out that the 5th Philippine housing fair is just a few days away, and yet it seems no information about it can be found online or even on the popular newspapers I regularly read.

I have also been searching for information about the housing fair using Google for over an hour while writing this but I always ended up finding my own articles about last year’s housing fair. Except for this pop-up notice from Pag-IBIG’s website below, and the event schedule at SM Megatrade Hall’s website, I was not able to find any more information about the housing fair.

Housing Fair 2010: Gaganda ang Buhay sa Sariling Bahay (Life will be better at your own home)

This makes me wonder if the housing fair was promoted or marketed at all. I just hope they did, otherwise not too many people would probably show up, except for people who chance upon it while they are malling. Who knows, maybe they promoted this over the radio, like they did before.

A picture of a poster for the Philippine Housing Fair 2010 which will be held at SM Megamall on October 1 -3, 2010. Sorry if the poster looks dull, It seems I forgot to use my camera's flash. Click to enlarge.

I’m just glad I visited Pag-IBIG’s head office at the Atrium in Makati to get info for my tenant-buyer yesterday, where I noticed the poster above, hence I can at least inform all of you here who are looking forward the 5th housing fair.

Based on the logos near the bottom of the poster, participating key shelter agencies and government institutions in the fifth Philippine housing fair include the HUDCC, Pag-IBIG, HGC, BSP, HLURB, NHA, NHMFC, SHFC, GSIS, SSS, CREBA, SHDC, and OSHDP. Sorry I can’t decipher and don’t recognize the logo second from the left at the bottom. If you do recognize it, please leave a comment below.

Does anyone recognize the logo on the right? If you do, please leave a comment below. Thanks!

Anyway, I’ll just post more information that I will find about the housing fair in the coming days, if any. I believe that the information in my post about the Housing Fair 2009 still holds true and just needs a little update. You may read the article here: Philippine Housing Fair 2009

I’ll definitely drop by the housing fair to check things out myself, and I will report here what I will find. I’d also appreciate any info anyone out there might be able to share, just let us all know through the comments section below. Thanks!

Happy hunting!

To our success and financial freedom!

Jay Castillo
Real Estate Investor
Real Estate Broker License #: 20056
Blog: http://www.foreclosurephilippines.com
Follow me in Twitter:http://twitter.com/jay_castillo
Find us in Facebook:Foreclosure Philippines facebook page

Text by Jay Castillo and Cherry Castillo. Copyright © 2010 All rights reserved.

PS. Don’t be the last to know, subscribe to e-mail alerts and get notified of new listings of bank foreclosed properties, public auction schedules, and real estate investing tips. Inbox getting full? Subscribe through my RSS Feed instead!

Philippine Housing Fair 2010 slated on October 1-3, 2010 at SM Megamall is a post from: Foreclosure Investing Philippines

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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

Click here to download a copy of the foreclosed listing from GSIS as of May 12, 2010. (Source: GSIS Website)

Click here to go to the GSIS webpage where you can get a list of foreclosed properties for sale under the GMA HeLPS program

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!

Happy hunting!

—

To our success and financial freedom!

Jay Castillo

Real Estate Investor
Real Estate Broker License #: 20056
Blog: http://www.foreclosurephilippines.com
Mobile phone (Call/SMS): +639178843882
Follow me in Twitter:http://twitter.com/jay_castillo
Find us in Facebook:Foreclosure Philippines facebook page

Text by Jay Castillo and Cherry Castillo. Copyright © 2010 All rights reserved.

PS. Are you a new visitor? Click here NOW to start learning more about foreclosure investing in the Philippines

PPS. Don’t be the last to know, subscribe to e-mail alerts and get notified of new listings of bank foreclosed properties, public auction schedules, and real estate investing tips. Inbox getting full? Subscribe through my RSS Feed instead!

More than 9,000 properties foreclosed by GSIS to be disposed under their GMA HeLPs program is a post from: Foreclosure Investing Philippines

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I attended the first day of Philippine Housing Fair yesterday and I’m glad I did. Aside from updated listings of acquired assets and foreclosed properties, I was also looking for any free seminars or talks about topics that can be of help to anyone who wants to get involved in real estate. For my purpose, I’m glad I was able to attend but should you also attend? It really depends. Please continue reading to learn more.

Acquired assets and foreclosed property listings
For banks and other private lending institutions, I was able to get a copy of foreclosed property listings from Land Bank, and the Star Accounts Management Services, Inc.( A member of the STAR Group of Companies). I also registered in Chinatrust’s booth so that I can get updated listings through e-mail (thanks to the friendly people from Chinatrust). I was also looking forward to visiting the BPI Buena Mano booth but it was still empty when I left at around 1:30pm. Maybe I’ll get to see them on the second or third day of the housing fair.

Don’t worry, I’ll be sharing all of these listings of acquired assets and foreclosed properties in my upcoming posts.

With regard to acquired assets and foreclosed property listings from key shelter agencies and government financial institutions, at first I was a bit disappointed when majority of them just had limited copies of their listings and people had to line up to look at the listings of foreclosed properties and then they had to copy the details pertaining to the properties they were interested in.

People line up to look at the list of foreclosed properties from Pag-IBIG

Not really the most efficient setup if you ask me. Even a speaker from Pag-IBIG mentioned during one of the talks that people really had no need to line-up to look for properties because they can just visit their updated listings online. I can’t help but think that if your only purpose was just to look for updated listings of properties, you can do the same by just visiting their websites without the hassles of lining up and manually copying property details.

Anyway, to help provide easy access to their online listings, please refer to the direct links below to the listing of acquired assets/foreclosed properties of each individual key shelter agencies and government financial institutions:

• Home Guaranty Corporation (HGC)

http://www.hgc.gov.ph/downloadable/December_14_2009.pdf

• National Home Mortgage Finance Corporation (NHMFC)

http://www.nhmfc.gov.ph/index.php?option=com_content&view=article&id=44&Itemid=56

• Home Development Mutual Fund (Pag-Ibig Fund)

http://www.pagibigfund.gov.ph/hf/aa.aspx

• Bangko Sentral ng Pilipinas (BSP)

http://www.bsp.gov.ph/loans/asset_properties.asp

• Government Service Insurance System (GSIS)

http://www.gsis.gov.ph/content.asp?ContentId=598

• Social Security System (SSS)

http://www.sss.gov.ph/sss/index2.jsp?secid=1&cat=9&pg=null

Free talks and seminars
I was able to get a copy of the program of activities from the HUDCC booth and was happy to find out that there will be a talk on How to detect a fake title which should come in handy when we do our due diligence and this will be held on the second day which is on Monday, December 28, 2009, from 4:15pm to 5:00pm. This means I will be attending day 2 of the event and I also look forward to the other topics. Please see below the complete program of activities and see if any of the topics interest you.

4th Housing Fair 2009 Program of Activities

December 27, 2009 (Sunday)

10:00 a.m. – 10:45 a.m.

NHMFC Programs
Ms.Tita R. Puzon
Manager
Asset Management Department (NHMFC)

10:45 a.m. – 11:30 a.m.

How to avail of Housing Loan from Pag-IBIG?
Ms. Caressa Pascua
Acquired Assets Officer II
Acquired Assets Department (Pag-IBIG Fund)

11:30 a.m. – 12:30 p.m.

Raffle/Lunch Break

12:30 p.m. – 1:15 p.m.

BSP Housing Program
Ms. Louella Veloro
Acting Deputy Director
Assets Management Department (BSP)

1:15 p.m. – 2:00 p.m.

HGC Programs
Ms. Ma. Caridad Calingo
Manager
Sales and Marketing Department (HGC)

2:00 p.m. – 3:00 p.m.

Ribbon Cutting to be led by His Excellency Vice President Noli De Castro
Tour of Exhibits
(Pag-IBIG Fund Chorale to render Christmas carols during the tour)

3:00 p.m. – 5:00 p.m.

Song number by Apple Chiu of Singing Bee

5:00 p.m. – 6:00 p.m.

Raffle

December 28, 2009 (Monday)

10:00 a.m. – 12:00 p.m.

Participating Exhibitors Product Presentation

12:00 p.m. – 1:00 p.m.

Raffle/lunch Break

1:00 p.m. – 2:00 p.m.

SSS Dance Troupe

2:00 p.m. – 2:45 p.m.

SSS Housing Program
Mr. Tomas Ramirez
Section Head
Real Estate Department (SSS)

2:45 p.m. – 3:30 p.m.

How to avail of Housing Loan from Pag-IBIG?
Ms. Mayette Donato
Senior Accounts Management Specialist
Acquired Assets Department (Pag-IBIG Fund)

3:30 p.m.  – 4:15 p.m.

How to identify Professional Squatters and Squatting Syndicates and their Modus Operandi?
Police Sr. Inspector Arnulfo Celestial
National Police Task Force Against Professional Squatters & Squatting Syndicate

4:15 p.m. – 5:00 p.m.

How to detect a fake title?
Mr. Emil Pugongan
Manager, One-Stop-Shop
Land Registration Authority

5:00 p.m. – 6:00 p.m.

Raffle

December 29, 2009 (Tuesday)

10:00 a.m.  – 11:00 a.m.

Participating Exhibitors Product Presentation

11:00 a.m. – 12:00 p.m.

SSS Chorale

12:00 p.m. – 12:30 p.m.

Raffle/Lunch Break

12:30 p.m. – 1:15 p.m.

Community Mortgage program (CMP) orientation
Ms. Elvira Inton
Division Chief
Public Affairs Department (SHFC)

1:15 p.m. – 2:00 p.m.

GSIS Housing Program
Mr. Jose Antonio Bayoneta
Vice President
Marketing and Housing-NCR (GSIS)

2:00 p.m. – 2:45 p.m.

How to avail of Housing Loan from Pag-IBIG?
Mr. Herminio Ruiz
Account Officer III
Acquired Assets Department (Pag-IBIG Fund)

2:45 p.m. – 3:30 p.m.

Why Deal with Licensed Brokers?
Ms. Edith Barrameda
Regional Officer
NCR (Expanded) – Field Office (HLURB)

3:30 p.m. –  4:15 p.m.

NHA programs: North and South Rail Project
Arch. Susan Nonato
Deputy Area Management Officer
Southern Bicol Region (NHA)

4:15 p.m. -5:00 p.m.

Socialized and Low-Cost Housing Condonation and Loan Restructuring Program
Mr. Zacarias Abanes
Director, Policies and Program Development
Housing and Urban Development Coordinating Council (HUDCC)

5:00 p.m. onwards

Raffle and Closing Program
Asec. Pamela Felizarta (Closing Remarks)

Happy Hunting and I hope to see you there!

—

To our financial freedom!

Jay Castillo
Real Estate Investor
Real Estate Broker License #: 20056
Blog: http://www.foreclosurephilippines.com
Click here to contact me via E-mail
Mobile phone (Call/SMS): +639178843882
Follow me in twitter:http://twitter.com/jay_castillo
Become a Fan in Facebook:Foreclosure Philippines fan page

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

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

PPS. If you feel that anyone else you know might benefit from this post, please do share this to them and don’t forget to subscribe to e-mail alerts and get notified of new listings of bank foreclosed properties, public auction schedules, and real estate investing tips. If your inbox is getting full, you may subscribe through my RSS Feed instead.

I attended the 4th Housing Fair 2009 at SM Megamall is a post from: Foreclosure Investing Philippines

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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.

HUDCC holds 4th housing fair on Dec. 27-29

December 4, 2009

For the fourth time in a row since 2006, the Housing and Urban Development Coordinating Council (HUDCC) chaired by Vice President Noli “Kabayan” De Castro, will spearhead the conduct of a three-day Housing Fair from December 27 to 29 at the SM Megamall Megatrade Halls 1 and 2 in Mandaluyong City.

The Fair will be participated in by the Home Development Mutual Fund (Pag-IBIG Fund), the Home Guaranty Corporation (HGC), the National Home Mortgage Finance Corporation (NHMFC), together with the Bangko Sentral ng Pilipinas (BSP), the Social Security System (SSS), and the Government Service Insurance System (GSIS).

These agencies will sell their acquired properties with interest rate as low as 6 percent payable up to 30 years. Housing developers will also showcase their latest projects while suppliers of home interiors and furnishing will feature their products in the fair.

De Castro said the housing fair is part of government’s continuing effort to provide decent and affordable homes to low-income workers.

“We understand their aspiration to have decent homes they can call their own. This is one way of helping them realize that dream,” De Castro stressed.

Close to 75,000 properties all over the country will be offered for sale to government and private employees and overseas Filipino workers.

The Pag-IBIG Fund comprises the bulk of the total with 31,476 properties, followed by the BSP – 21,673; the GSIS – 20,206; the NHMFC – 711, the SSS – 357 and the HGC – 356.

Under the program, Pag-IBIG has disposed acquired properties valued at P5.6 billion.

According to De Castro, the Fair benefits both homebuyers through the availability of affordable homes, and the government financial institutions through the sale of their idle assets. (end)

Source: http://www.pagibigfund.gov.ph/nr_deca.htm

For more details about the 4th Philippine Housing Fair (2009), you may also visit my earlier post:  Philippine Housing Fair 2009 which contains a tabulation of the terms and conditions, direct links to the listings of acquired assets/foreclosed properties of each of the  key shelter agencies and government financial institutions, and other useful information.

Lastly, if you are attending the housing fair to buy your first home, why not treat it as your first real estate investment?!

Happy investing!

—

My vision – financial freedom for all!

Jay Castillo
Real Estate Investor
Real Estate Broker License #: 20056
Blog: http://www.foreclosurephilippines.com
Click here to contact me via E-mail
Mobile phone (Call/SMS): +639178843882
Follow me in twitter: http://twitter.com/jay_castillo
Become a Fan in Facebook: Foreclosure Philippines fan page

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

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

PPS. If you feel that anyone else you know might benefit from this post, please do share this to them and don’t forget to subscribe to e-mail alerts and get notified of new listings of bank foreclosed properties, public auction schedules, and real estate investing tips. If your inbox is getting full, you may subscribe through my RSS Feed instead.

Get ready as the 4th Philippine Housing Fair pushes through on December 27-29, 2009! is a post from: Foreclosure Investing Philippines

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October has been declared as the National Shelter Month under Proclamation No. 662, signed by then President Ramos on September 27, 1995. By virtue of Memorandum Circular No. 160 dated 04 August 2009 issued in support of this Proclamation, the Housing Fair is conducted annually by the Housing and Urban Development Coordinating Council (HUDCC).

For those who are looking for good investments from the acquired assets of various lending institutions, or like us, are looking for homes, the following are the schedules of the Housing Fairs for 2009, based on internet articles and information from Mr. Joy Pinto of the HUDCC (Thank you sir!):

1. Manila – December 27-29, 2009 at Megamall Megatrade Hall (Rescheduled!!!)
2. Davao – October 28 to 30, 2009 at NCCC Mall, Matina, Davao City.
3. Cebu – October 23 to 30 at SM City Cebu
4. Iloilo – October 24 to 31 at Robinson’s Mall

Take note that the Cebu Housing Fair starts TODAY! [October 23, 2009]

The 4th Philippine Housing Fair that is supposed to be held on October 27 to 29, 2009 at the Megamall Megatrade Hall has been postponed to December 27-29, 2009. My wife has confirmed this with the Megatrade Hall office. Also per Mr. Pinto, there’s also a Housing Fair supposed to be held in Legazpi City this October but it has been postponed as well because of the floods. We’ll let you know as soon as we know the final schedule. We just learned also that the Housing Fair in Cagayan de Oro has just recently been held. Next time, we will coordinate with HUDCC earlier so we can get the complete Housing Fair schedules.

Here’s a sneak peek at what to expect in the Iloilo, Davao, and Cebu housing fairs from internet articles:

Iloilo Housing Fair 2009

Western Visayas housing fair to showcase public-private initiatives on housing

ILOILO CITY, Oct. 22 (PNA) – The Western Visayas Housing Fair that will kick off here Saturday is a showcase of a public-private partnership working together to raise the awareness of the public on various housing programs and projects in the region.

National Housing Authority (NHA) regional manager, Engr. Isagani Jalbuena said this is the first time that a local government unit (LGU), national housing agencies (NHAs), non-government organizations (NGOs) and people’s organization (POs) have joined forces for the event.

The week-long activity will kick off with an exhibit of developers on Saturday and Sunday at the Robinson’s Mall, a formal opening program on Monday morning and a cultural presentation in the afternoon.

Jalbuena said that there will also be technical sessions to discuss the responsibilities and functions of various NHAs likewise learn of the basic laws relative to the availment of housing programs.

There will also be a housing seminar for borrowers; talks on institutional loan program and community program and socialized housing compliance salient provisions.

He added that there will also be posting of foreclosed properties that can be bought by interested clients.

Further, for the first time, the fair will be highlighted by the “House Design Contest” to showcase the different technologies on low-cost socialized housing.

There will also be site visit to Iloilo City’s relocation site in San Isidro, Jaro and the sharing of best practices related to the activity. (PNA)

Source: Positive News Media

Davao Housing Fair 2009

HUDCC Davao prepares for nationwide housing fair slated in October

September 7, 2009 11:06 pm

DAVAO CITY, Sept. 8 – The Housing and Urban Development Coordinating Council (HUDCC) here is now preparing for the housing fair that will be held both by government and private sector throughout the country during the Shelter Month in October.

HUDCC assistant secretary Pamela Felizarta said this activity would allow the acquired assets of government financial institutions be sold to prospective homebuyers at better price.

“It will be a nationwide activity with 45,000 to 50,000 acquired housing units offered for sale in the different sites during the Housing Fair,” she said.

Felizarta said the Housing Fair in Davao City will be held on October 28 to 30 at NCCC Mall, Matina.

This year’s activity will be held in coordination with the Construction and Real Estate Builders Association of the Philippines with the support of the Shelter Agencies of the government, namely: Pag-IBIG Fund, National Home Mortgage Finance Corporation, Bangko Sentral ng Pilipinas, Government Service Insurance System, Social Security System and other related agencies.

Felizarta said it has already been an event that homeseekers look forward each year knowing that housing fairs are held every celebration of the Shelter Month.

“I think, the public are already aware of this event and also with the aspect on their responsibility as housing borrowers,” she said.

But Felizarta said they hope that the number of foreclosed units be lowered this time because that figure had been consistent since the past years.

“With the new condonation law, we hope that the figure of acquired assets be lowered,” she said.

She said if there are accounts that become active, there are also others that met arrearages.

But with the Housing Fairs that they had conducted, they were able to achieve their two objectives of selling the acquired properties and to sell it at affordable prices.

She said a study they conducted found that with the holding of the fairs, they were able to meet high disposition of acquired properties and not as much as when fairs were not held.

The holding of housing fairs started in 1995 but it was institutionalized in 2006 by Vice President De Castro as he directed all shelter agencies to sell their acquired assets first to government employees.

But in the succeeding years, these assets were also offered to other employees and overseas Filipino workers (OFWs).

During the Housing Fairs, there will also be exhibits of new housing sites by real estate developers not only on the selling of housing packages but also commercial lots.

There will be requirements of the housing agencies with regards disposition of properties for Pag-IBIG Fund. Interest rates is at six percent for any amount up to P2 million payable in 30 years with an offering of discounts of 20 percent for cash buyers and 15 percent upfront discount for housing loans plus five percent additional occupancy discount for litigation if occupied.

It requires 15 percent downpayment and P1,000 reservation fee.

Felizarta said these acquired properties can also be checked in offices of concerned government agencies. (PNA) LDV/DDB/lvp

Source: Balita-dot-ph

Cebu Housing Fair 2009

Housing fair, one-stop deal highlight Shelter Month fete

By Nancy R. Cudis

Ii celebration of October as Shelter Month, the Subdivision and Housing Developers Association-Central Visayas (SHDA-CV) decided to organize a series of activities aimed at empowering its 18 member-firms and addressing the region’s housing needs.

One is the formal signing of an agreement between SHDA-CV and regional heads of government agencies to demonstrate their commitment for the implementation of the One-Stop Shop (OSS) for developers.

The OSS, mandated by the government under Executive Order 45, is supposed to house satellite offices of the Housing and Land Use Regulatory Board, Land Management Bureau, Environmental Management Bureau, Department of Agrarian Reform, Department of Agriculture and Mines and Geosciences Bureau.

This is intended to speed up regulatory processes for housing projects and assist developers.

In Cebu, the OSS is located in the SHDA-CV’s office in the Cebu Business Park, Cebu City. It was launched last Sept. 11.

“Subdivision and housing developers will now have an easier time to process permits and licenses for their housing projects, (consequently) boosting the housing industry,” said SHDA-CV president Rey Ralota.

SHDA-CV opened the Shelter Month activities with a three-day seminar-workshop on processing and approval of subdivision and condominium papers last Oct. 5 to 7 in Bohol, as part of the group’s membership development program.

SHDA-CV members will attend an economic forum that focuses on housing on Friday. They will also participate in the Housing Fair and Trade Exhibit on Oct. 23 to 30 at SM City Cebu.

Source: Sun Star Cebu

—–

To our financial freedom!

Jay Castillo
Real Estate Investor
Real Estate Broker License #: 20056
Blog: http://www.foreclosurephilippines.com
Social Network: http://foreclosurephilippines.ning.com
Mobile: +639178843882
E-mail: ph.investor [at] gmail [dot] com

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.

P.P.S – If you feel that anyone else you know might benefit from this post, please do share this to them and don’t forget to subscribe to e-mail alerts and get notified of new listings of bank foreclosed properties, public auction schedules, and real estate investing tips. If your inbox is getting full, you may subscribe instead to my RSS Feed.

Philippine Housing Fair 2009 moved to December, housing fairs to be held in Davao, Cebu, and Iloilo is a post from: Foreclosure Investing Philippines

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Update: The 4th Philippine Housing Fair that is supposed to be held on October 27 to 29, 2009 at the Megamall Megatrade Hall has been postponed to December 27-29, 2009. My wife has confirmed this with the Megatrade Hall office. Please be guided accordingly.

My very first post in Foreclosure Philippines (formerly Foreclosed Real Estate Philippines) was about the 3rd Philippine Housing Fair (2008).  I can’t believe almost a year has passed since then! Now, the 4th Philippine Housing Fair (2009) is almost here, and Foreclosure Philippines is nearing its first anniversary.

Around this time of the year, people normally spend most of their money on Christmas gifts. This time, why not invest it on a place you can call your own? The Philippine Housing Fair 2009 can be looked at as a tiangge or bazaar featuring acquired assets for sale.

I haven’t found any official announcement yet about the 4th Philippine Housing Fair but based on the SM Megatrade Hall website, it shall be held on October 27-29, 2009 at Halls 1 and 2 of the SM Megatrade Hall:

*Update as of October 23, 2009 - The Philippine Housing Fair 2009 has been moved to OctoberDecember 27-29, 2009 at Halls 1 and 2 of the SM Megatrade Hall.

Source: http://www.megatrade.com.ph/events.php#

The Philippine Housing Fair 2008 was also held at the SM Megatrade Hall and I was fortunate enough to have been able to attend it. I’m sure a lot of  home buyers and investors have benefited from it. This year, hopefully more people will be able to attend.

When I attended the Philippine Real Estate Festival 2009 last July, I received a copy of the Housing Fair Fact Sheet at the booth of  the National Home Mortgage Finance Corporation (NHMFC).  At that time, they couldn’t tell me the exact dates for the event. I called them up recently and the person I spoke to told me that the tentative schedule for the 2009 Housing Fair is on OctobereDecember 27 – 29, 2009 at SM Megamall because the venue has already been booked for the event. He also said that this is most probably the final schedule as he believes they probably can’t change the schedule anymore.

Anyway, let me share below the contents of the Housing Fair Fact Sheet which I got from NHMFC’s booth at the 3rd Philippine Real Estate Festival.

Housing Fair Fact Sheet

Bakit ka Mangungupahan pa? Kaya mo namang magkabahay na! (Why rent? You can buy a home now!)

Objectives

The Housing Fair aims to:

• Assist and provide non-wage benefits to the government and private sector employees, including Overseas Filipino Workers to acquire housing units at affordable cost.
• Fast track the disposition of acquired assets of key shelter agencies and government financial institutions

Participating Agencies:

The Housing and Urban Development Coordinating Council (HUDCC) spearheaded the conduct of the Housing Fair in coordination with the key shelter agencies and government financial institutions.

The selling key shelter agencies and government financial institutions that will dispose their acquired assets are the following:

• Home Guaranty Corporation (HGC)

Contact Person: Ms. Ma. Caridad L. Calingo
Tel. No. 896-0425
www.hgc.gov.ph

• National Home Mortgage Finance Corporation (NHMFC)

Contact Person: Ms. Mercedita Lorenzana
Tel. No. 892-5191
www.nhmfc.gov.ph

• Home Development Mutual Fund (Pag-Ibig Fund)

Contact Person: Mr. Oscar Empensando
Tel. No. 811-4141
www.pagibigfund.gov.ph

• Bangko Sentral ng Pilipinas (BSP)

Contact Person: Ms. Geraldine Alag
Tel. No. 524-8587
www.bsp.gov.ph

• Government Service Insurance System (GSIS)

Contact Person: Ms. Normita Pascua
Tel. No. 551-4830/891-6161 loc. 4695
www.gsis.gov.ph

• Social Security System (SSS)

Contact Person: Ms. Luz Generoso
Tel. No. 922-1061
www.sss.gov.ph

Housing Clinics will also be provided by the following shelter agencies:

• Housing and Land Use Regulatory Board (HLURB)

Contact Person: Ms. Mila Mendoza
Tel. No. 927-2723
www.hlurb.gov.ph

• National Housing Authority (NHA)

Contact Person: Engr. Jovita Panopio
Tel. No. 922-3318
www.nha.gov.ph

• Social Housing Finance Corporation (SHFC)

Contact Person: Ms. Elvira Inton
Tel. No. 812-6978; 750-6337 to 50 loc. 821
www.shfcph.com

Qualified Borrowers/Buyers

All government and private sector employees including the Overseas Filipino Workers are qualified to avail acquired assets in any of the participating selling agencies.

Income Requirement

Applying the provision in the General Appropriations Act (GAA), the net take-home pay of a government employee should not be lower than P3,000.00. Deduction for the program will be prioritized next to the statutory deduction.

To improve the borrowing capacity, the GSIS, SSS, and Pag-Ibig Fund will allow additional proof of income, e.g., income from sari-sari store, etc. These agencies also allow tacking in of co-borrowers. Pag-Ibig Fund allows co-borrowers up to 3^rd degree of consanguinity or affinity, provided that they are Pag-Ibig members.

The inventories of the acquired assets can be found at the respective booths and the websites of the participating selling agencies.

Status/ Conditions of the Acquired Assets

• The properties shall be sold on an “as is, where is” basis.
• The buyer acknowledges that he has been given the opportunity to investigate, inspect, and verify the assets offered to ascertain the actual conditions as well as the status of the titles.
• For occupied units, the buyer shall be responsible for the ejectment of squatters and/or occupants on the property subject of sale.

Steps on How to Apply for an Acquired Asset

• Scan for properties from the list provided by selling agencies;
• Once you have selected the property, go to the concerned selling agency to inquire about the property;
• Fill up the reservation form provided by the agency. (For Pag-Ibig Fund, attend first the Pag-Ibig speak-up portion and get the Certificate of Attendance afterwards);
• Conduct inspection of the property before paying the reservation fee or downpayment; and
• Pay the reservation fee/downpayment and submit the necessary documents at the office of the selling agency.

Documentary Requirements

The prospective buyer shall submit the following documentary requirements to the selling agency that owns the property:

• Community Tax Certificate or cedula
• Proof of income (latest income tax return, certificate of employment and compensation, latest payslip)
• Marriage Certificate (if married)

Additional Requirements

HGC, Pag-Ibig Fund, and BSP

• 2”x2” I.D. picture

BSP

• Tax identification number (TIN)
• Copy of any government-issued I.D. (e.g., SSS, Voter’s I.D.)

NHMFC and GSIS

• Two (2) valid identification cards

TERMS AND CONDITIONS

The following are the terms and conditions for the disposition of the acquired assets

 

 

Agency	Interest Rate	Amount of Loan	Repayment Period	Discounts	Down Payment
HGC*	6%	Up to P300,000	25 Years	15% discount for cash buyers  10% discount for successful ejectment	10% down payment
	9%	Above P300,000 to P2M
	12%	Above P2M
NHMFC	6%, 7%, & 8% Depending on the repayment period	Any amount	15 years – 6%  20 years – 7% 25 years – 8% or up to 65 years old	None	10% down payment but not lower than P10,000
PAG-IBIG FUND	6%	Any amount up to P2M	30 Years	20% for cash buyers  15% upfront discount for housing loans, plus 5% additional discount for litigation if occupied	5% down payment  P1,000 Reservation fee
BANGKO SENTRAL	6%	Up to P400,000	25 Years	Case to case basis	At least 10% down payment
	10%	Over P400,000	15 Years
GSIS*	6%	Any Amount	30 years or up to 70 years old	10% discount  for cash payment	10% proposal deposit
SSS	6%  9%	Up to P500,000  Above P500,000	10 years or up to 70 years old	10% discount for cash buyers  10% discount for successful ejectment	5% down payment

Note: The down payment/reservation fee/proposal deposit shall be deducted from the purchase price upon consummation/perfection of sale

*Subject to changes

 

 

Modes of Payment

HGC, Pag-Ibig Fund, and GSIS

• Salary deduction
• Cash through over-the-counter payment
• Post-dated checks (GSIS)

NHMFC

• Cash through over-the-counter payment

SSS

• Post-dated checks

BSP

• Cash through over-the-counter payment
• Post-dated checks

For more information or inquiry:
Please text HUDCC Hotline Number at 0917-815-5369
Or call telephone numbers 812-6495/811-4112
Or visit our website:
www.hudcc.gov.ph

You may also download a PDF copy of the Housing Fair Fact Sheet here.

In addition, I would like to post here direct links to the listing of acquired assets/foreclosed properties of each individual key shelter agencies and government financial institutions:

• Home Guaranty Corporation (HGC)

http://www.hgc.gov.ph/property.html

• National Home Mortgage Finance Corporation (NHMFC)

http://www.nhmfc.gov.ph/index.php?option=com_content&view=article&id=44&Itemid=56

• Home Development Mutual Fund (Pag-Ibig Fund)

http://www.pagibigfund.gov.ph/hf/aa.aspx

• Bangko Sentral ng Pilipinas (BSP)

http://www.bsp.gov.ph/loans/asset_properties.asp

• Government Service Insurance System (GSIS)

http://www.gsis.gov.ph/housing/default.php?type=root&id=128

• Social Security System (SSS)

http://www.sss.gov.ph/sss/index2.jsp?secid=1&cat=9&pg=null

I’ll be posting more information about the upcoming Philippine Housing Fair 2009 as they become available. If you know someone who is still renting, please share this to them and help them buy their own home, they will surely be thankful to you for doing so!

Happy home buying!

—–

To our financial freedom!

Jay Castillo
Real Estate Investor
Real Estate Broker License #: 20056
Blog: http://www.foreclosurephilippines.com
Social Network: http://foreclosurephilippines.ning.com
Mobile: +639178843882
E-mail: ph.investor@gmail.com

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

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GSIS sells foreclosed housing units by offering low interest

01/30/2009 | 01:47 PM

MANILA, Philippines – The Philippines’ pension fund manager for government employees has sold housing and property assets it foreclosed by offering a low fixed rate to buyers. Some 344 house and lot units worth P313.91 million were sold through its asset disposition program, the Government Service Insurance System (GSIS) said in a statement.

Launched in May 2007, the program – called Garantisadong Mababang Amortization na House En Lot Para Sa’yo (GMA HeLPS) – offers a six percent interest rate that is “fixed throughout the term of the loan, thus, not subject to re-pricing.”

The program is available to both members and non-members.

Installment buyers will be entitled to a maximum repayment term of 30 years but not to exceed the difference between 70 and the buyer’s age at the time of filing the application.

Besides offering easy and multiple payment options, the program allows home buyers to make over-the-counter payments, post-dated checks, and salary deductions for members. A three-month grace period is also given before payment of the first monthly amortization.

To further encourage buyers, the GSIS has waived application fees for interested parties and has required minimal documentary requirements.

Any individual or corporate entity who has the legal capacity to acquire real property in the Philippines may acquire these foreclosed properties either in cash or installment basis. Cash buyers will be entitled to a 10-percent discount on the selling price of the property.

The individual buyer must not be more than 65 years old at the time of filing of the offer to buy; has no delinquent loan account with the GSIS; and not an employee of the GSIS directly involved in the disposition of acquired assets.

Meanwhile, institutional buyers must be a domestic corporation, provident fund, association, local government unit, and the like; must be allowed by its by-laws to purchase a real property in the Philippines; and must have a specific authority to acquire real properties from the GSIS.

The maximum loanable amount shall be the selling price of the property less the P5,000 reservation fee and five percent down payment.

To get a listing of the inventory of properties for sale under this program, a prospective buyer may simply visit the GSIS website at www.gsis.gov.ph or inquire from the nearest GSIS servicing office.

“With the help of GMA HeLPS, which offers the most attractive interest rate there is in the local market, dreams of owning a house is no longer far-fetched,” GSIS President and general manager Winston F. Garcia said in the same statement. “This is in line with the vision of President Gloria Macapagal-Arroyo of making owning a house very affordable for everybody.”

Majority of the housing units under the program are livable and located in subdivisions with complete amenities and with existing communities in over 70 locations, including key cities in Metro Manila, Bulacan, Rizal, Leyte, Western Samar, and South Cotabato. – GMANews.TV

Article Source: GMANews.TV

This is very welcome news as a 6% fixed interest rate is hard to beat nowadays. I stumbled upon this article when I read this particular thread in the PinoyMoneyTalk Forums. However, when I continued reading, I was surprised when a forum member described the hassles he allegedly encountered when he availed of this, which I have posted below:

“Malaking kalokohan ito. I once availed of this, nabayaran ko na yung downpayment ng choice property ko after sabihin nila na available pa yung napili ko. Only being told a week after na nagkamali pla sila and nakuha na pla daw ng iba yung napili ko.

Worse is, it took me more than 2 mos to get my refund and may kinaltas pa sa binayad ko even though wala ako nakuha property sa kanila. Pang facilitate daw ng document yun na non-refundable. In short, ako na ang nag-absent ng isang araw, nag-travel all the way from our place in Bulacan to GSIS Main, naghintay ng kalahating araw and nagbayad. Only to be told dat nagkamali sila, na ma nakakuha na ng napili ko a week before nagpunta ako. Then they told me to file a letter request for refund kahit sila nagkamali. Then after 2 months of incessant follow-ups, nakuha ko pera ko pero may kaltas pa for document facilitation fee (in my opinion kotong yun eh)..

Galeng tlaga itong GSIS, kahit sila na ang may pagkakamali eh peperahan pa din nila ang members nila.

Huwag kayo maniwala basta basta sa mga iyan, halos lahat jan manloloko!!!!”

Well, all I can advice interested buyers is to make sure that the property you are interested in is really available, though in this case, it appears this was done by the interested buyer. I can’t really give further advice as I have not yet tried to to get a housing loan from GSIS. I sincerely hope that this was just an isolated incident as a lot of people can really benefit from this program from the GSIS. If you or anyone you know has had any first hand experience with buying foreclosed properties from the GSIS, please do leave a comment as it may help those who may want to purchase housing units from the GSIS. Thanks.

Anyway, if you are interested, you may download the GSIS list of foreclosed properties for sale from their website here(link updated May 26, 2010).

Don’t forget to subscribe to my mailing list so you won’t miss any new updates. If your mailbox is getting full, you may also subscribe via RSS reader.

GSIS sells foreclosed housing units by offering 6% fixed interest rates but… is a post from: Foreclosure Investing Philippines

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If you missed the 2008 Housing Fair held at the SM Megamall Megatrade Hall 1 and 2 in

Image via Wikipedia

Mandaluyong City last October 29-31 2008, I have here information where you can download the respective foreclosed property listings of each of the participating government financing institutions and shelter agencies. Please see list below along with links to the listings.

Home Guaranty Corp. (HGC) Foreclosed Properties For Sale

Pag-IBIG Fund Foreclosed Properties For Sale

National Home Mortgage Finance Corp. (NHMFC) Foreclosed Properties For Sale

Banko Sentral ng Pilipinas (BSP) Foreclosed Properties For Sale

I couldn’t find any direct link to property listings on the SSS website but you can find them by clicking here and then do a search for “acquired assets” on the upper right corner of the SSS website. You should then see their assets for sale at the bottom of the center row.

*Update – February 7, 2009: you may download the GSIS foreclosed properties for sale listing here

Happy searching!

Philippine Housing Fair 2008 is a post from: Foreclosure Investing Philippines

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