mortgage

Can I buy bank foreclosed properties with financing through a Pag-IBIG housing loan?

by Jay Castillo on February 23, 2010 · 6 comments

in Financing, Frequently Asked Questions, HDMF, Pag-IBIG

Another frequently asked question I often receive is “Can I buy bank foreclosed properties with financing through a Pag-IBIG housing loan?” and the quick answer I give is “It depends…”. Obviously, if you buy a foreclosed property from Pag-IBIG, you can finance it through a Pag-IBIG housing loan. But how about foreclosed properties from banks,  [...]

Bangko Sentral ng Pilipinas foreclosed properties for sale as of November 30, 2009 plus FAQ

by Jay Castillo on January 5, 2010 · 9 comments

in BSP

This is the second installment of listings of foreclosed properties which I am posting for the benefit of those who were unable to attend the 4th Housing Fair which was held recently at SM Megamall and also for those who attended but were unable to get a copy. This installment features foreclosed properties from the [...]

Act 4118 – Act 3135 as amended and governs extrajudicial foreclosures

by Jay Castillo on December 21, 2009 · 6 comments

in Act 3135 - Extrajudicial foreclosures, Act 4118 - Amendment to Act 3135, Real Estate Laws

As mentioned in my previous post which contains the full text of Act No. 3135, I am posting here Act No. 4118 which amends the original Act 3135. However, after reading the contents of Act No. 4118, I am inclined to believe that the full text of Act 3135 which I shared in my previous [...]

Act No. 3135 – An Act to Regulate the Sale of Property under Special Powers Inserted in or Annexed to Real Estate Mortgages (full text)

by Jay Castillo on December 14, 2009 · 10 comments

in Act 3135 - Extrajudicial foreclosures, Real Estate Laws

I attended a seminar on how to prevent foreclosures more than a year ago and I often heard the speaker talk about Act No. 3135 which is An Act to Regulate the Sale of Property under Special Powers Inserted in or Annexed to Real Estate Mortgages. I can’t remember exactly who gave the seminar because [...]

Are online mortgages reliable?

by Jay Castillo on November 23, 2009 · 3 comments

in Mortgages

A guest post by Samantha from MortgageFit Taking out the right kind of mortgage can be a harrowing experience unless you know your mortgage requirements well. Many consumers take out mortgages only to repent later as they are unable to negotiate with mortgage lenders on favorable terms. It is best to walk into your lender’s [...]

Bahay Financial Services (BFS) Pre-owned Properties for Sale (January 2009)

by Jay Castillo on January 12, 2009 · 191 comments

in Bahay Financial Services

Bahay Financial Services or BFS currently has a vast inventory of pre-owned or foreclosed properties for sale that includes investment/budget homes and lots. Their current listing includes properties in attractive locations in the National Capital Region (NCR), CALABARZON, Visayas, and Mindanao. I have checked the listing and I noted that it includes more than 3,000 [...]