If you missed John Calub’s workshop on real estate selling held last October 24, 2009, you’re in luck! John Calub Training  Incorporated will be having another round of the same workshop this coming January 23, 2010. Saturday, from 8 am to 6 pm. This time however, free entrance to the first 20 registrants will no longer be available for readers of foreclosurephilippines.com.

Anyway, the seminar fee is still at a special sponsored rate of only Php850.00 per person, inclusive of lunch, snacks, workbook, and a certificate of completion plus a money back guarantee (more details below). Read the rest of this entry

I hope that got your attention! As we start 2010, I’m sure a lot of you have a lot of New Year resolutions and plans.  There’s really nothing wrong with that. However, I can’t help but throw the same question to you as I did to myself, when I started to make plans for 2010. Actually, I am throwing the same question not just to real estate investors, but also to just about everyone who happens to read this. Let me try to explain below. Read the rest of this entry

My wife Cherry continues from her recent post by sharing an updated listing of foreclosed properties from Metro Manila which she recently got from Philippine National Bank’s Special Assets Management Group.

You may recall that we posted last November 17, 2009, the list of acquired assets of PNB for Metro Manila, which was updated as of September 30, 2009. I had actually received the listings through e-mail last November 11, 2009 but my husband was not able to post them immediately, which is why we are posting this update. Read the rest of this entry

I’m sure a lot of you out there have been patiently waiting for new listings of foreclosed properties and here is a bunch from Philippine National Bank (PNB). My wife got these foreclosed property listings after she requested for them through e-mail.

Don’t forget to use as reference the “title id number” of the property that you wish to inquire. Furthermore, the people from PNB requests interested parties to prioritize a maximum of 5 properties per inquiry.

Before anything else, here are the guidelines in acquiring foreclosed properties from PNB: Read the rest of this entry

In my previous post: How to compute for the monthly amortization payment without a mortgage calculator,  I showed how I compute for the monthly amortization payment by hand. Tyrone of  Millionaire Acts through his comment asked: “How about if we don’t have access to the amortization factors table? Is there a way to compute it?”. I answered yes in my own comment and I would like to illustrate how it can be done through this post.

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The Philippine National Bank – Special Assets Management Sector (PNB-SAMS) shall be having a property auction on September 17, 2009, Thursday, 2:00 P.M., at the Grand Men Seng Hotel, Magallanes-Alda Streets., Davao City Philippines.

The bank foreclosed properties for auction include properties from Davao del Sur, Davao Oriental, Cotabato, Compostela Valley, and South Cotabato.

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This morning, I finished inspecting a number of properties and I must say that my real estate broker was very proactive when she brought along our contractor even without me telling her to do so. It saved all three of us the trouble of scheduling another visit to those properties, not to mention the time, effort, gasoline, etc. I believe this morning has been one of the most productive mornings I have ever had. I also realized that I really love doing home inspections. Read the rest of this entry

Republic Act (R.A.) No. 9646, or The Real Estate Service Act of the Philippines which is more commonly referred to as the RESA law has been signed into law by president Gloria Macapagal-Arroyo last June 29, 2009. As mentioned in this article, it hopes to professionalize and regulate the practice of real estate in the country through the development of technically competent, trained, and accountable real estate practitioners in the country.

*Update – I have uploaded a full text copy of the RESA Law which you may access through this link:  Full text RA 9646. Source:  http://www.architectureboard.ph/uploads/1247447115-e09july11_PRBoA-292.doc as posted at http://www.architectureboard.ph

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