I’m quite sure there are a lot of you out there who are looking for cheap homes for sale and the latest issue of the Buena Mano Luzon Properties for Q1 -2009 is a good place to start your search. The Buena Mano publication is a free catalog of foreclosed properties for sale which is published quarterly. This particular issue I have here is for Luzon Properties which include Green Tag, Yellow Tag, and Red Tag properties.
Green Tag Properties
What exactly are Green Tag properties? Green tag properties are free of special issues like pending court cases with former owners trying to stop the foreclosure, and illegal occupants that need ejection, issues that are best avoided by those that are just beginning to start in investing in foreclosures. The Metro Manila foreclosed properties in the Green Tag section are prime properties that are priced Php10M and above. You may also want to checkout the Buena Mano Green Tag Metro Manila Foreclosed Properties for Sale Q1-2009 here. Other areas included in the Green Tag section are Naga, Lipa, Bulacan, and Dagupan, among others.
Yellow Tag Properties
Yellow Tag properties on the other hand are are foreclosed properties with any of the following special concerns:
- Properties whose titles may still be in the process of transfer to the name of the bank which foreclosed the properties
- Properties that are still being occupied by former owners, tenants or illegal occupants
- Properties whose property documents still need to be updated
Because of such “special concerns”, the bank will allow big discounts off the selling price of Yellow Tag properties. Areas covered by the Yellow Tag Section are Lipa, Naga, Bulacan, and Dagupan. You may also want to browse the previous Buena Mano Super Value Yellow Tag Foreclosed Properties for Sale Q4-2008 here.
Red Rag Properties
Based on the listing, red tag properties are real estate properties with any of the following special concerns:
- Properties that have pending court cases contesting the foreclosure procedure of the bank
- Properties that are still being occupied by former owners, tenants or illegal occupants
- Properties whose property documents still need to be updated
For Red Tag properties, the bank will allow even bigger discounts on the selling price of these properties giving buyers better opportunities to buy properties for their own use or for investment purposes. One can assume that for some properties at least, the former owners are still trying to exhaust all means to stop the foreclosure of their property and they are holding out as long as they can. Areas covered by the Red Tag section are also Naga, Lipa, Bulacan, and Dagupan. For your reference, the previous Buena Mano Super Value Red Tag Properties for Sale Q4-2008 can be found here.
Please do take note that all prices are negotiable, and those with limited budgets will have a better chance of finding cheap homes for sale or super value investment properties. For more details and other inquiries, please contact their offices as indicated in the catalog.
You may download the Buena Mano Luzon Properties Q1-2009 listing of foreclosed properties for sale here. I apologize for the big file size of 8Mb as this was the smallest I could get for a 45 page colored document.
Up next is the Buena Mano Visayas and Mindanao Properties Q1-2009. Don’t forget to subscribe to my mailing list so you won’t miss this and any new updates. If your mailbox is getting full, you may also subscribe via RSS reader. Please feel free to share this listing to your family and friends who may also be looking at investing in foreclosures.
