I just found this notice for Quezon City taxpayers yesterday and thought of sharing it here. The Quezon City Treasurer shall be holding a tax foreclosure auction sale of all real properties with delinquent tax payments and it will be held on October 7, 2010, at the ground floor, Taxpayer’s assessment and payment Lounge, Quezon City Hall. The full text of notice follows.

NOTICE TO Q.C. TAXPAYERS

THE CITY TREASURER SHALL HOLD AN AUCTION SALE OF ALL REAL PROPERTIES WITH DELINQUENT TAX PAYMENTS ON LAND, BUILDING AND MACHINERIES AT 10:00 AM, ON OCTOBER 7, 2010, GROUND FLOOR, TAXPAYER’S ASSESSMENT AND PAYMENT LOUNGE, QUEZON CITY HALL.

IN THIS CONNECTION, ALL TAXPAYERS ARE ADVISED TO SETTLE/UPDATE REALTY TAX ARREARAGES BEFORE THE SAID DATE TO AVOID INCLUSION OF THEIR PROPERTIES.

ALL PROSPECTIVE BIDDERS ARE ALSO REQUESTED TO VERIFY THE PROPERTIES TO BE BIDDED WITH THE CITY ASSESOR’S OFFICE AND THE REGISTER OF DEEDS OF QUEZON CITY.

ALL PROPERTY OWNERS WITH NEWLY ACQUIRED PROPERTIES ARE REQUIRED TO SUBMIT TO THE CITY ASSESSOR’S OFFICE A CERTIFIED TRUE COPY OF THEIR TRANSFER OF CERTIFICATE OF TITLE (TCT) FOR REGISTRATION PURPOSES, AND ISSUANCE OF NEW TAX DECLARATION AND CORRESPONDING TAX CLEARANCE.

(SGD.) EDGAR P. VILLANUEVA

City Treasurer

The original notice can be seen belowSource: Philippine Star, September 7 issue, page B-9

List of tax delinquent properties for sale

Sorry guys and gals, I don’t have a copy of the complete list of Quezon City tax delinquent properties for sale on October 7, 2010, I only got the notice. Anyway, I’m quite sure the list will grow shorter as I am hoping that residents with tax delinquencies will settle/update all their realty taxes prior to the auction.

If you are interested on joining the tax foreclosure auction and want to get a copy of the tax delinquent properties for sale, I highly suggest that you drop by the Quezon City Taxpayer’s Lounge and get a copy from their office directly.

It is open from Mondays to Fridays, 7:00 AM to 5:00 PM, except during January of every year when the City Treasurer’s Office is open 7 days a week.

Schedule of Sale of Tax Delinquent Properties

If you will notice, the Quezon City Treasurer’s office has been regularly conducting their tax foreclosure auctions on a quarterly basis. I checked their website and found the following schedule, so it’s confirmed, they will auction tax delinquent properties on a quarterly basis, at least until the end of 2010.

Schedule of Sale of Delinquent Real Properties

• April 6, 2010 – 1st schedule of sale delinquent real properties
• July 2010 – 2nd schedule of sale delinquent real properties
• October 2010 – 3rd schedule of sale delinquent real properties
• December 2010 – 4th and last schedule of sale delinquent real properties

Want to learn more about investing in tax delinquent properties?

If investing in tax delinquent properties is new to you, checkout these posts about my own lessons learned:

• Four tips for investors who plan to invest in tax delinquent real properties in Quezon City
• Tax foreclosure auctions are held by virtue of  Sections 260 and 263 of RA 7160 otherwise known as the Local Government Code of 1991
• 9 Lessons Learned From The Real Property Tax Foreclosure Auction Sale In Quezon City
• Lessons learned from the Marikina Public Auction of Real Properties with Tax Delinquencies we attended last November 13, 2008
• Click here to view all posts under the Tax Delinquent Properties category

Happy investing!

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. 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!

Related posts:

• City Treasurer of Quezon City to auction tax delinquent properties on December 10, 2009
• Quezon City Tax Delinquent Properties public auction sale on October 8, 2009
• Foreclosure auction of tax delinquent real property in Quezon City slated on April 6, 2010
• 9 Lessons Learned From The Real Property Tax Foreclosure Auction Sale In Quezon City
• Quezon City Property Tax Sale On July 2, 2009

The Quezon City Office of the City Treasurer has recently issued another notice of sale of delinquent real properties which shall be sold through public auction on July 8, 2010, 10:00am, at the main entrance of the Taxpayer’s Assessment and Payment Lounge, Quezon City Hall, Quezon City.

If you plan  to invest in tax delinquent real properties in Quezon City, I have here four tips for you. But before that, let me share a brief overview on  tax delinquent real properties.

What are tax delinquent real properties?

Tax delinquent real properties are properties that have been certified by the City Treasurer to be delinquent in the payment of real property taxes, penalties, and cost due thereon as of the date of publication of the notice of sale. These shall be sold through a public auction by virtue of the provisions of Section 260 and 263 of RA 7160, otherwise known as the Local Government Code of 1991. This can also be referred to as a tax foreclosure auction.

The notice of sale for this particular tax foreclosure auction in Quezon City was published last June 14, 2010 in the Philippine Star, pages B-12 to B-15. Due to the large listing of tax delinquent properties, I have split them into four parts which can be downloaded below.

• Part 1

• Part 2

• Part 3

• Part 4

Four tips for real estate investors

Here are my four tips for real estate investors who plan to participate in the Quezon City Tax foreclosure auction on July 8, 2010:

Tip #1

Disregard the address that you will find on the list under the column “Declared Owner”. This is the address of the declared owner, NOT the address of the tax delinquent property that will be auctioned. To determine the address of the property, proceed to Tip #2.

Tip #2

To get the actual address of the property for visual inspection as part of due diligence, refer to the Transfer Certificate of Title(TCT) or Condominium Certificate of Title(CCT) number on the list of tax delinquent properties, just get a copy at the registry of deeds. “What if a property has no TCT/CCT number on the list?” Just get the tax declaration number and the name of the registered owner and bring this to the tax mapping section so that they can give you property details like the exact address, location, and the TCT/CCT number.

Tip #3

The actual list of tax delinquent properties will surely become smaller as the auction draws nearer because most of the owners of the real properties will pay the delinquent tax, interest due thereon, and the expenses of  sale. Because of this, be sure to get the most updated list of tax delinquent properties for auction at the Quezon City Treasurer’s Office and have a list of backup properties during the auction.

Tip #4

If after doing your due diligence you decide to bid for a property and win, have the Certificate  of Sale (COS)  registered with the registry of deeds as soon as possible as the one year period of redemption shall begin to run once the COS has been registered. Winning bidders shall be issued a COS by the City  Treasurer upon full payment of the winning bid price. For more details, please refer to the auction guidelines which can be found here.

Got more tips? Please share them here by leaving a comment. Thanks!

Happy hunting!

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!

Related posts:

• City Treasurer of Quezon City to auction tax delinquent properties on December 10, 2009
• Quezon City Tax Delinquent Properties public auction sale on October 8, 2009
• Foreclosure auction of tax delinquent real property in Quezon City slated on April 6, 2010
• Quezon City Treasurer to hold tax foreclosure auction on October 7, 2010
• Cavite to auction tax delinquent real properties on December 8-9, 2009

Notices for the foreclosure sale of tax delinquent properties in the Philippines always indicate that the sale or auction is being done by virtue of sections 260 and 263 of RA 7160 otherwise known as the Local Government Code of 1991. Rather than include sections 260 and 263 of RA 7160 with every notice of auction sale that I find, I’ll just post them here and link the new notices to this post. You may read sections 260 and 263 after the jump.

The following are sections 260 and 263 of RA 7160 in relation to the  tax foreclosure auction of delinquent real properties in the Philippines:

SECTION 260. Advertisement and Sale. — Within thirty (30) days after service of the warrant of levy, the local treasurer shall proceed to publicly advertise for sale or auction the property or a usable portion thereof as may be necessary to satisfy the tax delinquency and expenses of sale. The advertisement shall be effected by posting a notice at the main entrance of the provincial, city or municipal building, and in a publicly accessible and conspicuous place in the barangay where the real property is located, and by publication once a week for two (2) weeks in a newspaper of general circulation in the province, city or municipality where the property is located. The advertisement shall specify the amount of the delinquent tax, the interest due thereon and expenses of sale, the date and place of sale, the name of the owner of the real property or person having legal interest therein, and a description of the property to be sold. At any time before the date fixed for the sale, the owner of the real property or person having legal interest therein may stay the proceedings by paying the delinquent tax, the interest due thereon and the expenses of sale. The sale shall be held either at the main entrance of the provincial, city or municipal building, or on the property to be sold, or at any other place as specified in the notice of the sale. acd

Within thirty (30) days after the sale, the local treasurer or his deputy shall make a report of the sale to the sanggunian concerned, and which shall form part of his records. The local treasurer shall likewise prepare and deliver to the purchaser a certificate of sale which shall contain the name of the purchaser, a description of the property sold, the amount of the delinquent tax, the interest due thereon, the expenses of sale and a brief description of the proceedings: Provided, however, That proceeds of the sale in excess of the delinquent tax, the interest due thereon, and the expenses of sale shall be remitted to the owner of the real property or person having legal interest therein.

The local treasurer may, by ordinance duly approved, advance an amount sufficient to defray the costs of collection thru the remedies provided for in this Title, including the expenses of advertisement and sale.

SECTION 263. Purchase of Property By the Local Government Units for Want of Bidder. – In case there is no bidder for the real property advertised for sale as provided herein, or if the highest bid is for an amount insufficient to pay the real property tax and the related interest and costs of sale the local treasurer conducting the sale shall purchase the property in behalf of the local government unit concerned to satisfy the claim and within two (2) days thereafter shall make a report of his proceedings which shall be reflected upon the records of his office. It shall be the duty of the Registrar of Deeds concerned upon registration with his office of any such declaration of forfeiture to transfer the title of the forfeited property to the local government unit concerned without the necessity of an order from a competent court.

Within one (1) year from the date of such forfeiture, the taxpayer or any of his representative, may redeem the property by paying to the local treasurer the full amount of the real property tax and the related interest and the costs of sale. If the property is not redeemed as provided herein, the ownership thereof shall be fully vested on the local government unit concerned.

To our 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
Become a Fan in Facebook:Foreclosure Philippines fan page
Text by Jay Castillo. Copyright © 2010 All rights reserved.

PS. If you are an OFW who will be here in Manila, Philippines on March 28, 2010,  time is running out for you to reserve your seats for the free Secrets of Wealth seminar for OFW’s. RESERVE NOW by calling Joy: +63927-5707599, or Will: +63917-8580064/(632) 9645512. Don’t miss out on your chance to learn the secrets of wealth from Trace Trajano! Click here for more information about the free Secrets of Wealth seminar for OFW’s.

PPS. If you have a friend or loved one who is an OFW or who knows an OFW,  do them a favor and invite them to the free Secrets of Wealth seminar for OFW’s by Trace Trajano. The first 5 who refer at least 3 OFW’s that confirm and attend the seminar will get a free 1-hour consultation from me where you can ask me anything about investing in foreclosed properties. Just leave a comment below if you are interested or have any questions. Thanks!

Related posts:

• Tax foreclosure sale of delinquent real properties in Laguna slated on February 10, 2010
• Cavite to auction tax delinquent real properties on December 8-9, 2009
• Foreclosure auction of tax delinquent real property in Quezon City slated on April 6, 2010
• City Treasurer of Quezon City to auction tax delinquent properties on December 10, 2009
• Quezon City Tax Delinquent Properties public auction sale on October 8, 2009

For the very first time, I am featuring a listing of properties to be auctioned in a  foreclosure sale. During the past year (Yes, Foreclosure Philippines is already more than 1 year old), I have been featuring information and listings for the two most common types of foreclosures we can invest in here in the Philippines. These are bank foreclosed properties or acquired assets and real property being sold through tax foreclosure auctions.

Foreclosure sale auctions
This time around I want to introduce everyone to foreclosure sale auctions. Foreclosure sales are quite new to me which is why I have done my homework by trying to learn as much about them and I shared an overview through my previous posts about Act 3135 as amended by Act 4118.

Where to find notices of foreclosure sale auctions
As per Section 3 of Act 3135 as amended by Act 4118, “Notice shall be given by posting notices of the sale for not less than twenty days in at least three public places of the municipality or city where the property is situated, and if such property is worth more than four hundred pesos, such notice shall also be published once a week for at least three consecutive weeks in a newspaper of general circulation in the municipality or city.”

I usually find notices for upcoming foreclosure sales posted outside the Register of Deeds of Marikina City although I often see them after the auction date… bummer. Now however, I was finally able to find a public auction announcement for a foreclosure sale for prime properties through a newspaper ad and this appears to be from the Star Group of Companies.

Click here to download the listing of properties included in the foreclosure sale of prime properties by the Star Group

Source: Manila Bulletin, December 20, 2009 issue

Foreclosure sale details
I would like to share the following information which I got by simply calling to inquire about one of the properties on the list:

• Payment shall be in the form of cash or manager’s checks for the entire winning bid. I believe the winning bidder has five working days to come up with the full payment.
• The creditor will be participating in the bidding and will make the minimum bid which is usually equal to the outstanding loan balance they want to recover. If there are no other bidders, the property will become their acquired asset or foreclosed property, which they will then dispose through a public auction or sell them through negotiated sale as banks normally do.
• The foreclosure sale will be conducted through a sealed bidding.
• The mandatory 12 month redemption period starts when the winning bidder facilitates the annotation of the Certificate Of Sale (COS) on the title of the subject property at the Register of Deeds
• The requirements to participate in the foreclosure sale are available at the office of the Sheriff
• Just in case the previous owner is able to redeem the property before the lapse of the 12 month redemption period, the winning bidder is entitled to earn interest with an interest rate of 12% for 12 months or 1% per month

Please bear in mind that I will have to confirm if the information above are 100% accurate by checking with the office of the Sheriff that covers the location of one of the properties on the foreclosure listing. I’ll post additional information as they become available.

—

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.

Related posts:

• Nationwide foreclosed properties listing for negotiated sale from the Star Group
• You are invited to a sealed bidding of Star Prime Assets
• Star Properties to hold The Star Auction 2009!
• Tax foreclosure sale of delinquent real properties in Laguna slated on February 10, 2010
• Star Properties Inc.’s “The Star Auction 2010!” slated on May 15

The City Treasurer of Quezon City shall be holding an auction sale of real properties with delinquent tax payments on land, building, and machineries on December 10, 2009 at the main entrance, Taxpayer’s lounge, Quezon City Hall, Diliman Quezon City, Philippines.

You may download the list of tax delinquent properties to be included in the tax foreclosure auction sale on December 10 through the links below. This list is updated as of November 23, 2009 and was published in the Philippine Star:

• Quezon City Tax Delinquent Properties Page 1
• Quezon City Tax Delinquent Properties Page 2
• Quezon City Tax Delinquent Properties Page 3

In tax foreclosure auctions, winning bidders will have to pay the whole winning bid amount in cash before the end of the second day from the auction date. Furthermore, the owners are given 12 months to redeem their property. If the property is redeemed within 12 months, the winning bidder will get his/her money back plus interest at a rate of 2% per month. For more information, you may download a copy of the rules and regulations below:

• Quezon City Rules, Regulations, and Conduct of the Real Property Tax Auction sale.

I would advice interested parties to verify the properties that are to be included in the tax foreclosure auction sale by getting an updated list at the Quezon City Treasurer’s office. Since a lot of the owners of the real properties on the list would actually pay their real property taxes as the day of the auction nears, expect a lot of properties to be withdrawn from the final list of properties to be included in the auction.

Don’t forget to do your due diligence before even considering to bid on any of the properties included in this tax foreclosure auction. You may refer to my previous post: Quezon City Tax Delinquent Properties public auction sale on October 8, 2009 where I enumerated general steps as reference when doing your due diligence with respect to tax delinquent properties in Quezon City.

Note: I am posting this as a service to readers and subscribers of Foreclosure Philippines. For further information and inquiries, including but not limited to specific questions about any of the properties on the list, please contact or visit the Office of the Provincial Treasurer of Quezon City.

Happy hunting!

—

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.

Related posts:

• Quezon City Tax Delinquent Properties public auction sale on October 8, 2009
• Quezon City Treasurer to hold tax foreclosure auction on October 7, 2010
• Four tips for investors who plan to invest in tax delinquent real properties in Quezon City
• Cavite to auction tax delinquent real properties on December 8-9, 2009
• Foreclosure auction of tax delinquent real property in Quezon City slated on April 6, 2010

Here’s a heads-up for both Quezon City taxpayers who might be delinquent in paying their real property taxes and for real estate investors who may want to help. I accidentally found this notice on the same issue of the Philippine Star where I got the complete listing of tax delinquent properties from the Province of Rizal which was recently auctioned in Antipolo City.

Anyway, before I explain how real estate investors can help those delinquent in paying their real property taxes, let me share more details about the tax foreclosure auction sale to be held in Quezon City. The Quezon City Treasurer shall be holding the auction sale of real properties with delinquent tax payments on land, building, and machineries on October 8, 2009, 10:00 A.M., at the 2nd floor of the Taxpayer’s Lounge, Quezon City Hall. Furthermore, all Quezon City taxpayers who may be delinquent in paying their real property taxes are advised to settle/update their realty tax arrearages before the date of the auction sale (October 8, 2009) to avoid inclusion of their properties.

(Source: Philippine Star, September 7, 2009 issue, page B13)

Time for Due Diligence

As usual, all prospective bidders are also requested to do their due diligence and verify the properties they may want to bid on at the Quezon City assessor’s office and the Register of Deeds of Quezon City. In summary, you can do this by:

1. Get the updated list of tax delinquent properties for auction at the Quezon City Treasurer’s Office
2. Get the tax declaration number and other important details that you will bring to the tax mapping section
3. Give the property details you got in step 2 above to the tax mapping section so that they can give you property details like the exact address, location, Transfer Certificate of Title (TCT) number, etc. You can also ask for more details that they may know about the property (ex. if it will be affected by a road widening project in the future, etc.)
4. From the information you got from step 3 above, you can then proceed to Quezon City register of deeds which is located in East Avenue to get a certified true copy of the TCT.
5. You can then inspect the property if you want along with other due diligence tasks.

How can real estate investors help?

As I have mentioned in the beginning of this post, real estate investors can help those Quezon City taxpayers who might be delinquent in paying their real property taxes. This can be done by paying the arrears in real property taxes, penalties and other costs (all of which are equal to the minimum bid price) for the property owner through a winning bid. This basically buys some time for the property owner (12 months to be exact and is referred to as the redemption period) to settle his/her arrears.

As an incentive, the winning bidder earns an interest of 2% per month and he/she will receive this once the property owner is able to settle his tax arrears within the 12 month redemption period.

Click here to download a complete copy of the Quezon City Rules, Regulations, and Conduct of the Real Property Tax Auction sale.

As I have often said in the past, it would be better to invest in real property tax foreclosures without the intention of actually getting the property. I believe this is a win-win solution for everyone – the owner gets another 12 months to come up with enough funds to settle his arrears, the local government gets to collect the taxes they need to fund their operations and local projects, and the real estate investor gets to earn 2% per month or up to 24% for 12 months by buying some time for the property owner and also for helping the local government collect taxes. By the way, I stumbled upon the comments section of an article I found in philfaqs.com which explains this very well, please do check it out here: http://philfaqs.com/phils-business/make-money-at-home-free-education-know-what-donald-trump-knows/#comment-14895

Sorry if I am unable to post an updated list of the Quezon City delinquent properties for public auction. Ever since our house was devastated by the floods last week, we have been very busy picking up the pieces and relocating to a place we can temporarily live-in while our house is being repaired and becomes livable again. A big thank you goes out to all of those who gave words of encouragement and prayers. Let’s continue praying for and helping those that were affected by the recent typhoons.

By the way, it’s nice to be back!

—–

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.

Related posts:

• City Treasurer of Quezon City to auction tax delinquent properties on December 10, 2009
• Quezon City Treasurer to hold tax foreclosure auction on October 7, 2010
• Four tips for investors who plan to invest in tax delinquent real properties in Quezon City
• Foreclosure auction of tax delinquent real property in Quezon City slated on April 6, 2010
• Quezon City Property Tax Sale On July 2, 2009

As 2008 comes to an end, first and foremost, I would like to say thank you to all of you my dear readers and visitors. I created this blog only recently, last October 31, 2008 to be exact, and I am still dumbfounded by the number of visitors of this blog.

Each time CJ, my three year old son says “Look at those dots, pindot na (click on them now) daddy!” while pointing to my Clustermaps image(at the right side bar near the bottom), it makes me feel good with the notion that you do find this blog helpful.

Well, I really hope that you really do find value in Foreclosure Philippines and if there’s anything that I can do to improve it, comments and suggestions are always welcome.

Why did I start Foreclosure Philippines?

Looking back, why did I write this blog in the first place? Initially, this was supposed to be just an experiment as I was looking for a way to have all my foreclosed property listings accessible from anywhere from my PDA, eliminating the need to bring the actual classified ads with me.

I remember that during that time, I have just finished helping facilitate an internet marketing workshop of Jomar Hilario, courtesy of an invitation from Thea Santos, and I said to myself I might as well create a blog for this purpose.

I also remember that I was also trying to convince some of my friends and officemates to start investing in foreclosures using our 13th month pay and Christmas Bonus and I found it very tedious to keep on bringing copies of the classified ads along with website addresses of HGC, Pag-IBIG, SSS, etc. so I just posted these in my blog and continued posting new listings.

More inspiration…

What inspired me more was when my wife and I decided to share our experiences in the tax foreclosure auction in Marikina and I was overwhelmed with the response from visitors and readers. This became a fuel for the passion inside of me. As they say, the rest is history.

I am a real estate investor…

By the way, I just want to make it clear that I am not a real estate guru; I certainly would not want anyone to think that I am. I am simply just like any other real estate investor who just happens to focus on foreclosed real estate, and wants to share experiences, insights, and lessons learned along the way through his journey to financial freedom.

There are more than enough great real estate deals for everyone

Now some would probably say that by sharing these, along with the property listings I get, I might be losing deals to competition or other real estate investors. In my point of view, there’s simply more than enough great deals for everyone. We should all have an abundance mentality.

Besides, most of the information I learned which got me interested in investing in real estate came from mentors and fellow real estate investors who did not hesitate to share these with me. Now if I started becoming selfish and self-centered, that wouldn’t be right would it?

Helping fellow real estate investors

As we welcome 2009, I hope I can continue to help fellow pinoy real estate investors like me through this blog. In addition to foreclosed property listings, let’s share experiences, challenges, success stories, and virtually anything that can help each other make 2009 another successful year for foreclosed real estate investing.

If you have any questions, concerns, comments, or suggestions, just let me know and I’ll see what I can do about it, and please don’t forget to subscribe to my mailing list so you won’t miss a thing.

I wish you all a Happy New Year, and more successful investing in foreclosures for 2009!

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 © 2010 All rights reserved.

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

PPS. If you know anyone else who 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 also subscribe through my RSS Feed.

Related posts:

• Thank you and farewell to 2009! Happy New Year to all!!!
• No more excuses – Be a successful real estate investor!
• Secrets Revealed: Investing in Foreclosures
• Earned income through real estate investing
• How to get portfolio income through real estate investing