When I started buying and selling foreclosed properties, we learned that it can get quite complicated, problematic, very costly, and full of regrets. But it doesn’t have to be.
Because of this, we decided to share what we learned to help people avoid the common problems and mistakes related to foreclosed properties in the Philippines.
We document our experiences and lessons learned from the foreclosed properties we purchased, and also the real estate transactions of our friends and clients (when we were still active real estate brokers) where we were involved as partners and/or brokers.
Jay Castillo
Hi, I’m Jay Castillo. I experienced a lot of challenges when I started with foreclosed property investing. Thanks to mentors, friends, and a lot of patience, I was able to overcome most of those challenges.
Because of real estate, I was able to quit my job from the corporate world (I was an I.T. professional back then).
The journey continues, and through this blog, I’ll share the lessons I have learned along the way.
How I got started
Here’s a short video of how I got started with investing in foreclosed properties (and my first foreclosed property purchase):
~~~
Why I got started with foreclosed real estate investing
I was an Information Technology professional before I decided to go full-time with real estate investing and internet marketing.
Way back in 2006, a year after reading the book “Rich Dad Poor Dad” by Robert Kiyosaki, I wanted to quit my job.
I decided to get out of the rat race when I suddenly realized that my job was literally killing me. At such an early age, I was diagnosed with hypertension with no underlying reason.
I believe it was caused by severe stress from my work.
However, it took me 4 more years before I actually did.
Recommended reading: How I Started With Real Estate Investing (And Retired From Being An Employee)
I was an I.T. Manager back then, but due to lack of manpower, I was also the Oracle Database administrator/developer, Information Security Manager/Network Specialist/Server administrator, and Helpdesk Staff.
Yup, we lacked manpower pretty bad, and this actually lasted for more than 3 years.
This image from richgrad.com best describes how I felt back in the rat race!
With the scenario above, is it any wonder why I wanted to get out of the rat race?!
At the back of my mind, I knew that there was more to life than just being an employee that was grossly overworked… for what?!
This sustained my passion and desire to venture into real estate investing, and later into internet marketing.
My real estate broker’s license (under the DTI)
I reviewed for and passed the November 2007 Real Estate Brokers Exam which was still under the Department of Trade and Industry (DTI) back then. My DTI Real Estate Broker License # is REB-NCR20056(N)-08.
As of March 29, 2011, my application for registration without examination has been approved by the PRBRES and I am now a PRC licensed real estate broker with Real Estate Broker License No. 3194.
To verify that I am a PRC licensed real estate broker, you may use the following procedure:
- Visit the “Verification of Professional Licenses” page at PRC’s website: https://online.prc.gov.ph/Verification
- Use the “Search by name” option
- From the list in the “Profession” box, select REAL ESTATE BROKER
- On the “First Name” box, enter JOSE DIONISIO
- On the “Last Name” box, enter CASTILLO
- Click on the orange “Verify” button
- The verification result will be displayed
You should see something like this:
Tip: You can also use the same procedure above to verify the license of other real estate brokers!
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I started this blog last October 31, 2008
When I started this blog, I was more focused on acquiring investment properties that generate passive income through foreclosed real estate investing. My goal then was to surpass my passive income goal before the end of 2009, and then I shall “retire” from active employment and go full-time with my advocacy.
This was exactly what I did, although it came a bit late. I was only able to “retire” from active employment by the end of January 2010. I was late by about a month but I don’t mind that one bit!
Now I’m more active as a real estate broker, although I’m still on the lookout for good deals and opportunities.
I’m currently focusing on buying foreclosed properties for myself, which means I have stopped with brokering properties for now.
The journey continues…
Financial Literacy
I advocate financial literacy as a means to a worthwhile end: becoming financially free!
After one becomes financially literate, the next logical step would be to find other income streams, ideally, the passive ones.
Obviously, one way to do this would be through investing in foreclosed properties in the Philippines.
Why bother to become financially free? To live life to the fullest! Ask yourself, what would you do if money was no longer an issue? Think about it!
Real estate investing for real in the Philippine setting
Another advocacy of mine is to help fellow beginning or newbie real estate investors to succeed with real estate investing here in the Philippines. I do this by sharing what I have learned based on actual experience.
My Goal
In a nutshell, my mission is to be financially free with the ultimate purpose of helping people and my community. My goal is to make a positive difference in the lives of people around me, no matter how small that may be.
The only way I can do this is to share the lessons I myself have learned in my journey to financial freedom. After all, one cannot give what he does not have. I hope to help as much people as I can who are in the same journey.
My Vision
In the perfect world that I envision, I can see a lot of people who are truly rich and financially free. Would you want to be part of that world?
Atty. Cherry Vi M. Saldua-Castillo
Cherry handles the legal aspects and taxation of our real estate transactions.
She combines her vast experience gained during her stay at SGV & Co. and expertise from more than a decade of hands-on real estate experience.
PRC Licensed Real Estate Broker/ Appraiser
She is a Licensed Real Estate Broker (PRC Real Estate Broker License No. 3187) who placed 4th in the March 2011 Real Estate Brokers Licensure Exam. She’s also a Licensed Real Estate Appraiser (PRC Real Estate Appraiser License No. 6918) who placed 8th in the August 2015 Real Estate Appraisers Licensure Exam.
CPA-Lawyer
She’s also a CPA-Lawyer (Roll of Attorneys No. 55239, PRC CPA License No. 0102054).
Past President – REBAP LMP Chapter
She is a past-president of the Real Estate Brokers Association of the Philippines, Inc.-Las Pinas, Muntinlupa, and Paranaque Chapter (REBAP-LMP) for 2021-2022. She was awarded “Most Outstanding Chapter President” for 2021.
About the blog
I started this blog as a tool to help me in my real estate investing activities. In this blog, I have all my foreclosed property listings and important websites online, so I have no more clutter and lost clippings of foreclosed properties at home. Old listings are archived and can be accessed as needed … Click here to learn more how the blog started…
Why Trust ForeclosurePhilippines.com?
At ForeclosurePhilippines.com, our articles are carefully written by a team of real people (my wife and I). Unlike other copycat real estate blogs/websites, we are genuine real estate practitioners and we do the actual writing – you won’t find any AI slop and hallucinations here!
We have real-life experience with buying/selling foreclosed properties, we even live in a foreclosed condo we purchased from a bank.
Listings of foreclosed properties are only from official sources (bank personnel and/or publicly accessible official websites).
I always include a direct link to the source of each listing (either a copy of the list in PDF format, or a direct link to the original listing if available) so you can quickly verify a listing.
If a listing cannot be be quickly verified (ex. Pag-IBIG listings are currently very difficult to verify because their website has limited functionality), we will NOT include them here. This explains why I have removed all listings of Pag-IBIG foreclosed properties.
Why did I choose the domain foreclosurephilippines.com?
I often get the question “Why foreclosurephilippines.com”? It sounds too negative! It’s like I want to foreclose the whole Philippines. This of course is not true.
I simply chose the domain foreclosurephilippines.com for search engine optimization (SEO) purposes. A lot of people are actually searching for these keywords using Google, which is probably why a lot of people end up on this site!
Our tech stack
ForeclosurePhilippines.com runs on the self-hosted Wordpress blog platform and is powered by the Thesis Genesis Framework OceanWP Generatepress Astra wordpress theme. Our hosting is provided by Dreamhost Hostgator Siteground Kinsta WPX BigScoots and I got the domain from GoDaddy.
By the way, I was able to register foreclosurephilippines.com last April 1, 2009, although it took a day before everything got transferred successfully from foreclosedrealestate.blogspot.com.
What we do, why do we do it?
My goal here is to make investing in real estate in the Philippines a bit easier for fellow real estate investors out there. At the very least I want to help make it easier for people to find all available listings of foreclosed properties out there.
At the same time, I want to share real life lessons learned from the trenches, the things you will learn for yourself if you do decide to go out there and invest in foreclosed properties here in the Philippines.
I am not a real estate guru!
I still see myself as a newbie real estate investor, believe it or not, and I don’t claim to be a guru! I still have a lot to learn, who doesn’t?
Without the hype and B.S.
I would like to paint a realistic picture of how this can be done without the hype and B.S… period! After all, investing in foreclosed properties is not a get rich quick scheme!
Raising hope without giving false hope
I keep on saying that real estate investing might be simple, but it is not easy. No, I am not trying to discourage anyone out there, I just want everyone to manage their expectations. It can be done but it would take a lot of hard work and perseverance, at least at the very start.
Even if one is able to create passive income streams, there is still such a thing called maintenance and management of one’s business, which in this case is real estate investing.
I would like to point out that there really is hope that real estate investing can lead to financial freedom, but you have to pay the price. I would not want to give any false hopes that you can achieve success in real estate investing overnight. You need to plant before you can harvest, there are no shortcuts.
Investing in real estate ethically, morally, and legally
I truly believe that we can all invest in real estate in an ethical, morally upright, and legal way. We can do this without taking advantage of other people, and this is the only way for long term success.
Paying it forward
I simply believe that this is the right thing to do. I guess this is my way of paying it forward to all newbie real estate investors out there. A lot of people helped me along the way, and I want to do the same.
You are not alone
If you are new to real estate investing in the Philippines, I just want to let you know that yes, it can be done, and you don’t have to do it alone, because you are not. You are welcome here, enjoy your stay!
Here’s to our success and financial freedom!
Jay Castillo
Real Estate Investor
PRC Real Estate Broker License # 3194
Text by Jay Castillo. Copyright © 2008 – 2025 All rights reserved.
Image source: Richgrad.com
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 the contents of ForclosurePhilippines.com, please do share this to them and don’t forget to remind them to subscribe to e-mail alerts and get notified of new listings of bank foreclosed properties, public auction schedules, and real estate investing tips.
ForeclosurePhilippines.com is owned and operated by Jay Castillo under True North Online Marketing Services.
Wow! Just in time reading this today. I am starting on my Real Estate journey and was looking for resources online.
Actually was searching for foreclosed properties near our area after reading the “Think Rich Pinoy” Book where the author shared his 7 Steps to Success.
(I read the Rich Dad, Poor Dad also before but I can not figure out if what has said on the book can be done in the Philippines until time, experience and meeting with people made my conclusion that it can be done.)
And now found your site… And I was just amazed that you are also into internet marketing, which I am now too.
I finally found someone whom I can follow that aligns with what I do.
My question sir is…for someone like me getting started anong 1st property ang best to look for? And why?
Thank you sir.
Hi JM, happy to see you here! While I am into internet marketing, I can’t help but think that nowadays, I am more into the technical side of building my database of foreclosed properties. 🙂
Anyway, for your first property, I would suggest finding one where you are right now so that you’ll be familiar with market values/rental rates. Start small with the cheapest you can find (cheaper means lower cost when you make mistakes). Learn as much as you can from that first transaction before moving on to your next. All the best to you!
good afternoon, my name is Wax and i have to say your site and blog provided the best information and resources. I would like to look into buying a foreclosure lot or home in Lapu Lapu area and would like to know if you know a realestate agent you can refer. I’m planning to be in Cebu early April and i saw few properties that i would like to see in person. thank you in advance and i look forward to your reply.
Hi Wax, thanks for the kind words!
Unfortunately, I don’t have a ready list of real estate agents I can recommend in Lapu-Lapu, Cebu right now. I suggest you check for licensed real estate brokers through their official websites. For the Real Estate Brokers Association of the Philippines or REBAP, you can contact them at: https://www.rebap.com.ph/contact-us
Thank you for the info, Sir Jay!
You’re welcome Arman!
Good morning ,my name is Alain from Canada ,i have a question i see some house foreclosed for sale andd i like to know about the price ,my wife live in Cayagan de Oro and i like to buy a place for her ,but my question is ,they have something i need to know about buy a propriety from banl the price they asking is the only thing i paid or i need to paid the loan of the last owner too ? becaus the one i like is 750,000$ i can paid cash if is the real price,they asking. so thanks for your awnser’s,Alain.
Hi Alain, no, you don’t have to pay for the loan of the previous owner.
By the way, in addition to the listed price, the buyer will also have to shoulder taxes related to the purchase. For example: Capital Gains Tax, Documentary Stamps Tax, VAT and business tax (if both are applicable) and other fees (transfer fee, registration fee, notarial fee, etc).
I suggest you ask a breakdown from the bank/seller of the taxes you will shoulder before you finalize the purchase to avoid any surprises down the road.
Great site and videos Jay; thx a million. Just a question you probably hear alot, but didn’t yet set it addressed (but just now going thru all your videos!)…..in your experience, how likely are banks to take lower offers than they’re currently posting/advertising them for? (notably especially PSBank in this case) Is it often, or rare in your experience? Thx!
Hi Darrin,
Thanks a lot for the feedback, much appreciated!
For PSBank, they actually approve offers below the listed price, which is why I often suggest to make an offer at least 10% below.
As for other banks, it depends on their policy. For example, BPI (Buena Mano) will only entertain offers at least equal to the listed price.
By the way, whenever the sale is through bidding (sealed or public), the usual policy is all bids must be equal to or higher than the listed price, any bids below the listed price will be disqualified automatically.
You can only make an offer below list price if under negotiated sale (except for Pag-IBIG, because their negotiated sale is actually a sealed bidding). 🙂
Thanks for dropping by!
Bakit po nakapost pa rin ang bahay namin eh kakabayad lang namin nung december? please paki update naman ako
Nag email po ako sa inyo directly nung Saturday pa (January 31, 2026). Paki reply naman po ng details nung bahay niyo para ma-delete ko agad ang listing.
Sir Jay, may PM si Nikki ____ para sa inyo. Please approve friend request. This is for my “boss”. Open the pm so you know . kasama mo daw sya sa Mastermind with Sha and Allan.
Hi Nikki, ok na, nag usap na kami via email. Thanks!
Hi Sir Jay,
I (27 y.o. F), was recently awarded with PAG IBIG Foreclosed property last April 29, 2025 and immediately paid the Downpayment of 5% last April 30, 2025.
We completed the required documents last May 21, 2025. It is currently July 2025 however there is still no updates on our end if we were approved for the PAG-IBIG Loan and when we will start paying the monthly amortization.
We are afraid on doing the follow-up call kasi baka ma bad-mood yung approver and ma auto-reject kami. What shall we do? Shall we wait for another month or we should visit the PAG IBIG branch na po? Ano po yung usual waiting time for the approval of the PAG-IBIG Loan?
Hi Dang,
Congrats for the winning bid/offer for that Pag-IBIG foreclosed property!
I believe it would be okay to call, no need to worry the approver will be in a bad mood and reject your loan application, just be very courteous and respectful when calling to follow-up.
Visiting the Pag-IBIG branch would be a good idea if you can’t contact them via phone.
The last time a buyer of mine applied for a loan, it took almost 2 months before it got approved by Pag-IBIG.
Hi Sir Jay,
I’m interested to acquire foreclosed property posted last June 18, 2025 located at Candelaria, Quezon. Please advise where we can direct our inquiries or communicate further.
Hi Bong,
Are those from BFS? You can contact BFS directly as stated in the listing details. I’ll paste their contact details below:
How to pay the house and lots that I prefer to buy,,
Hi Almayn, it depends on the terms from the source of the property you want to buy. Is it from Pag-IBIG? Or is it from a bank (BDO, BPI, etc)?
Hi Jay:
I’ve been a subscriber to your foreclosure lists from each individual bank for a couple of years now and appreciate you sharing all your qualifications and experience to provide this information to your subscribers.
However, what I would really like is a universal search tool that searches the collective foreclosures amalgamated from all banks. For example, I would like to insert the following parameters for one universal search: (no specific town required) Bukidnon, Mindanao; standalone house; available for occupancy; maximum price; minimum lot size.
Do you know if any such search tool is available? Thank you for your assistance.
Best regards,
Michael Dawe
Hi Michael,
Thanks for being with us through the years, I really appreciate it!
With regards to the universal search tool you are looking for, I believe my foreclosed real estate database would fit this.
So in your example, let us search for:
1. a foreclosed property from any bank, source
2. Located in Bukidnon
3. NOT occupied
4. Maximum Price (let’s use Php800K for this example)
5. Minimum Lot Size (let’s use 50sqm for this example)
I’ll enter these parameters in the database search fields and click search, and you will see 3 properties in the search results which I’ll link below:
https://www.foreclosurephilippines.com/classifieds/?_form_scheme=&_form_scheme_id=98514&reveal_hidden=1&query=house&location=3671&custom_field_12=&adverts_search_minimum_price=&adverts_search_maximum_price=800000&adverts_search_minimum_lot_area=50&adverts_search_minimum_floor_area=&advert_search_occupancy_checkbox%5B%5D=occupied
Of course, this isn’t perfect, but so far it has served my purpose well whenever I need to find properties in a certain location which should meet a certain criteria.
Is this a tool that you can use?
I am in the process of upgrading the database so that it can have a saved search feature so you can get alerted of new properties that fit your criteria, another is a search that is “location aware” so it can give results near the location of the one searching by default with no inputs (where one will see search “Near Me”)
Anyway, I think I should do a better job of making it clear in my emails that database search is available for those who want to search listings from multiple sources. Thanks for the idea.
Hi sir Jay! I just want to ask how purchase a foreclosure property in nha bangkal and want to clarfiy the amount mentioned is the total property that needed to pay or there is additional aside from that and is it okay with installment basis or direct cash?
HI Ann! Is the property you want to buy from BFS?
In addition to the listed price, taxes and transfer fees will be applicable, I suggest you ask for a computation from BFS.
With regard to the possibility of installment payment through a housing loan, it depends on the status of the property. Most of the time, getting approved for a Pag-IBIG housing loan is not possible for bfs properties (Ex. Property’s title is not yet consolidated, or the price of the property is too low and cannot meet minimum loan amount, etc. ). Please check with the designated sales-specialist from BFS that handles the property you are interested in purchasing.
Hi Sir Jay! I want to buy my neighbor’s property (still under GSIS). Di na po nababayaran ng neighbor ko yung property nila sa GSIS pero di pa lumalabas sa system/list ng GSIS para mabili ko. How do I go on about it? Should I give them money to buy the property from GSIS then transfer the ownership to me? I know this is risky but is I think doable with the right lawyer?
Hi Issa. I suggest na i-check niyo muna sa legal department ng GSIS para malaman kung ano ang status nung property.
After niyo maconfirm yung status, tsaka kayo makipag usap sa neighbor niyo kung papayag sila na kayo na lang ang bibili ng property.
Depende kasi sa status ang pwede niyo gawing kasunduan.
For example, if within redemption period pa, pwedeng i-assign ng neighbor niyo sa inyo yung right to redeem (for a fee na papayag si neighbor) tapos kayo na ang magreredeem, basta malinaw kung kelan i-turnover sa inyo ni neighbor yung property.
If tapos na redemption period, malamang ongoing ang pag consolidate ng GSIS, so dapat GSIS na kausapin niyo. Pero siyempre, pwede niyo abutan si neighbor para may makuha pa rin sila, as long as malinaw kung kelan sila a-alis.
Huwag na muna kayo mag abot ng pera kahit kanino until malinaw kung paano malilipat sa inyo ownership ng property.
Tama po kayo, mas maganda kung may lawyer kayo na maghandle ng pag purchase para lahat ng galaw niyo may katumbas na agreement/contract.
Hi sir jay, panu ko malaman yung exact location ng LOt area ng bahay ko ditosa dona felisa, brgy san nicolas, floridablanca, nakita ko kasi na naka foreclose sila sa GSIS and balak ko sana i settle yung lot ko.tnx
Hi Den, sorry to hear na under foreclosure ang bahay niyo. Para malaman ang exact location tsaka lot area, pwede kayo magpa relocation survey sa isang geodetic engineer. Pati encrouachment issues makikita kung meron man. Last time nung nagpa relocation survey kani, nasa Php15k yung ginastos namin, pero sulit na rin kasi sigurado kami sa binili naming lote. Good luck and I hope maayos ng walang aberya niyo para ma-keep niyo yung property niyo.
Hi we have been looking at forclosed property to purchase from Bahay Financial Services (BFS) we have tried emaiing them but they have not answered back, tried calling their Davao and Bonifacio Global City office and the phones just keeps on ringing or is continously engaged, do you know of another way that is quicker to get through to somebody there?
Thanks.
Gemma
Hi Gemma,
Sorry to hear it is hard to contact BFS. The last time I tried to call, I also could not reach anyone, which is why I just visited their office.
In fairness to BFS, they have so many telephone extensions, I estimate more than 10 (I have personally observed this whenever I drop by their BGC office), which is why I don’t understand why sometimes their trunkline number (02) 7750-3888) just keeps on ringing.
I know it can be quite a hassle, but visiting their office might be the only way to talk to someone from BFS.
Nowadays, I just patiently wait for them to email their updated listings.
Hello. Very informative website. I would like to get your professional opinion about buying foreclosed properties from the bank.
In your own experience, do all bank have legal ownership to the foreclosed property? Do the bank have all the documents to transfer property to the prospect buyer? Is there any instance that a foreclosed property being sold by the bank have an existing issue?
Does foreclosed properties are below market or within the market values?
I came across your website and I am interested in one of the property. I started to wonder, if these foreclosed properties are free from legal issues .
I appreciate in advance reading my message.
Have a great day!
MK
Hi MK,
Thanks for the kind words.
While banks legally own their foreclosed properties/acquired assets, some properties might have missing documents needed to transfer ownership.
Some can also have issues like pending/ongoing court cases and other legal/physical issues.
Which is why doing a reasonable amount of due diligence is so important. This will help you identify and avoid those properties with issues.
Not all foreclosed properties are below market value, majority are selling at equal to full market value. The challenge is finding those few that are below market value.
Good luck and happy searching!
Hi, I’m looking for a lot here in Iligan City, Lanao del Norte. Please inform me. Thank you.
Hi Val,
There are currently more than 1,000 foreclosed properties in Iligan City, Lanao Del Norte. Here’s a link to all of them in my database:
https://www.foreclosurephilippines.com/location/iligan/
Nag hahanap po ako ng foreclosed in silang cavite ung mura lang po.
Im interested on the ff prop.
1.Maries village , coloong valenzuela under pagibig
2.dalandanan val. under bfs
May i have the contact no. Of the person in charge. Thanks
Hi! is this still avail.?
367 samonte st. Coloong 2 valenzuela. la 1,161 sm.
fa 121 sm
2.725 m
No tct no. Indicate on the list.
Hoping to hear from you soon.
Hi Imelda. I searched and noticed this was from in an old Metrobank list from 2009 and I doubt it’s still available.
Hello po, I hope you can give me an advise regarding a foreclosed property I got from the bank. The title is still with the original owner and in the deed of sale the seller is the court. I also have the extrajudicial court sale. My question is, can the title be transferred to my name using the docs from the court or it should be transferred to the bank first then to my name? Please help me on this thank you so much.
Hi Loren, the title should first get transferred to the bank, and then it can get transferred to you. I hope the process goes smoothly.
Hi sir jay castillo ask me po f panu mgbidding, myroon ako nkita na pwde ko sna ibid po sa lavanya subdv. Tnx po
Hi Christine,
Pag sa Pag-IBIG po, medyo mahaba po yung process pag bidding. Eto po summary:
Hi Sir Jay,
I find your website very informative and helpful to newbies like myself.
The property in question (land) had been mortgaged decades back (1980’s) from an individual. Owner was not able to pay and therefore foreclosure proceedings was initiated and concluded.
For some weird reason, the title was not transferred to the lender up to now. A certified true copy applied 6 months ago has shown title is still under the name of the old owner albeit a lot of annotations because of the foreclosure proceedings. Given that more than 10 years has lapsed, does it mean that the ownership belongs STILL to the person whose name is on the title and can the annotations now be removed? Thank ypu and more power to you sir!
Thank you sir Jay for sharing your talents. You sure are an inspiration
You’re welcome, thanks for dropping by!
Hello Jay,
My mother is selling her property in Murphy, QC. Can you appraise the value of the property so we can determine it’s selling price?
Hi AG,
Sorry I am not a licensed real estate appraiser. However, i can refer you to my friend Alfred, please refer to his contact info below:
Alfred C. de Vera – Real Estate Broker (PRC License No. 0003411/ PTR No. 7450401) / Real Estate Appraiser (REA PRC License No. 0003017 / PTR No. 7450402)
Contact Number 0915-5041972
Email: fred_devera@yahoo.com
Have you ever bought a foreclosed property from bank (bpi) with a pending case for: Breach of Contract, Invalidation of REM/Foreclosure/Auction, Accounting, Damages with Prayer for TRO and Injunction?
The property I have my heart set on does.
Back story: foreclosed 2011, 2012 case of wrongful repo, 2016 bank won. 2018 previous owner filed appeal b/c new evidence of lack of sheriff’s notice. Witnesses and previous owners never show up to court. Case is still pending…
I was told if I purchased the property that I will inherit case. And if lost then bpi is not liable and my money will be lost? Or will bpi have to payback money for purchase?
Hi Rhonda,
Sorry, we have not purchased any foreclosed property with any pending court case. I could be wrong but from what I understand, since they sell on an “as is, where is” basis, the bank won’t be liable and they don’t have to refund the money of a buyer.
Hello Sir Jay,
Thanks for sharing your foreclosure knowledge & experiences specially for neophytes like me. I just have a question,what is the better way to get a foreclosed property, is it from a bank or from pag-ibig?which one has lower interest rate & faster too?thanks po in advance for your response, God bless po
Hi Grem,
You’re welcome and thanks for dropping by!
When it comes to the buying process, I prefer banks. They treat you like a VIP and they will even assist you with inspecting the properties. And since they treat buyers as VIP’s, the process is faster.
One more thing, with banks, it is easy to check if a property is listed with them or not (once a property is gone from a list, you can be sure it got sold already). With Pag-IBIG, it is a guessing game because they only list remaining properties that do not get sold in batches for negotiated sale. So you really have to call to check if a property from a previous listing got sold or not (this is inefficient and a waste of time in my opinion, they should just list ALL unsold properties, no more “batches”).
For interest rates, Pag-IBIG wins, but I still prefer banks because of the reasons above.
But what is more important is if a property is priced right, no matter if it is from Pag-IBIG or banks… just my opinion. 🙂
Thanks again for the question and God bless you too!
I appreciate mist on your listings of foreclised properties i just wanna ask if it is occuppied in the listings it mean not available to buy ? Anyway thank you much if i got an answer.
Hi Helen, even if a foreclosed property has illegal occupants, it is available for sale, but the buyer will be the one to eject the illegal occupants and shoulder the cost.
Sir Jay and Atty Cheri,
Good day!
May I ask for your contact numbers?
Interested po ako sa mga na post ninyong foreclosed properties.
Hi Dexter, sorry hindi kami active as real estate brokers, which is why hindi ko nilalagay contact numbers namin, nakalagay ay kumpletong contact info ng source ng foreclosed property para diretso na kayo sa kanila at mas mabilis niyo sila ma-contact, hindi na po kailangan dumaan samin. 🙂
Sir Jay,
Im Rolly, a native of Vigan. I’ve seen a post of foreclosed lot by PNB. Nag aasist po ba kayo sa pagkuha sa mga ito?
Best regards,
Rolly
Hi Rolly, sorry po hindi na kami active sa pag-broker ng foreclosed properties. Pwede kayo dumiretso sa PNB or hanap kayo ng ibang real estate broker na pwede mag assist sa inyo.
Hello po Sir Jay! Tanong ko po kong nasa foreclosure na po ang blk29 lot 26&27 Yakal Street Alecon Homes Llano Caloocan? At kong pde na po applayan?
Thanks po s sagot.
Hi sir..I would like to know more about the foreclosed property posted on your site (PNB Foreclosed Property (Residential) at LOT 265-B, POBLACION, CENTRO, SOLANA, CAGAYAN (Lot Area: 590.00 sqm). Thank u and God Bless po..
Hi Avie, this property is still in the June 30, 2023 listings. For more info, please contact PNB directly via email: aadg_salesnorthluzon@pnb.com.
Hi po, Sir/Ma’am. I am residing in General Santos City. May office po ba kayo dito? I found some foreclosed house and lot sa site nyo po, I want to inquire sana. Thank you.
Hi Chery, ang naisip ko pwede niyo puntahan diyan sa Gensan yung mga branch ng mga banko na may foreclosed properties for sale, pero malaman sabihin nila makikipag-coordinate pa rin sila sa head office nila dito sa Manila.
So kung may nakita kayo na property dito sa website ko, kontakin niyo po directly yung bank, hindi na po kailangan dumaan sakin, taga-share/feature lang po ako ng listings nila na nahahanap ko.
Is there any contact for bfs Bacolod it is very difficult for me to contact in manila pls advice I want to buy the foreclosed properties in bfs tnx
Hi Minerva, sorry but BFS only has offices in Taguig and Davao City, please see below contact info for your reference:
may i ask kung yon po bang nakikita kong price e yun na po yong total price niya at wala na pong ibang babayaran,selling price na po ba yun? ready to occupied narin po ba after mabayaran.thank you
Hi Bert, lahat ng naka-list na price ay mga actual selling price. Yes, meron pong additional na babayaran kagaya ng taxes/fees an applicable sa property (depende sa location). Example po na taxes ay Creditable Withholding Tax, Documentary Stamps Tax, Transfer Tax, Registration Fee, business tax (depende po sa city – example na meron is QC and Las Pinas), notarial fee, etc.
Depende po sa condition ng property kung ready for occupancy na or hindi. Kadalasan kailangan po talaga ng repairs /renovation bago pwedeng matirahan.
Good day Po,
Meron po akong nakita sa posting ng foreclosure the PAGIBIG pero property source is PNB bank, tapos ang indicative price Php 1.00, then meron syang notation na mutiple/other issues. Sa PAGIBIG po ba may hawak nito or yun bank po? Kung meron illegal settlers, legal means po ay sa papaanong paraan?
Maraming Salamat po….
Hi Rommel, malamang search kayo dun sa “Search for more foreclosed properties…” na nasa baba nung article about Pag-IBIG foreclosed properties, at lumabas yung property from PNB.
PNB po may hawak nun. Yes, marami po silang property na Php 1.00 ang nakalagay kasi posibleng for re-appraisal pa, or hindi pa sila maka decide sa presyo, lalu na kung may problema yung property.
Kung may illegal occupants, usually ang buyer po ang magpapa-alis, dahil “as is where is” basis po ang pagbenta ng mga foreclosed property kagaya nung sa PNB.
Sir Jay,
Gusto ko pong kumuha o bibili ng property (house and lot) in Malaybalay City, 500k yung maximum amount, and 300k minimum, paano po ako maka access sa mga foreclosed property ng madalian
Good day Mr. Juan Carlos,
Ginamit ko po yung database search para makita lahat ng Php500k and below sa Malaybalay, Bukidnon. Meron pong 8 properties as of today (May 10, 2023), eto po yung list: https://www.foreclosurephilippines.com/classifieds/?reveal_hidden=1&_form_scheme_id=98514&location=3678&adverts_search_maximum_price=500000
By the way, eto lang po ang mga nasa loob ng database namin. Posibleng may mga property na wala sa database (example: Pag-IBIG provincial properties, etc).
Thank you! Your website is very informative! I just want to ask for your insight- I bought a condo that is a commercial property and I was able to sell it to cut my losses (I pay condo dues and utility bills since there was no tenant) but BIR is asking me to pay EWT and VAT even if I was not able to lease it ( I have cert of non tenancy) and I am not engaged in the real estate business. Are commercial properties automatically vatable? How do I go about filing this since I am not vat registered? Thank you! Would appreciate your advice on this. More power to you and your website!
Hi Ellen,
Thanks for the kind words, you just made my day!
With regard to your question, it seems the commercial property you bought can still be classified as an “Ordinary Asset” (which means it is subject to EWT and VAT). Please see the 2nd paragraph under section 3-a-4 of Revenue Regulations 7-2003 https://www.bir.gov.ph/images/bir_files/old_files/pdf/1344rr07_03.pdf which I have copied below for your reference.
Sir jay,
Hello po,. Paano po magpa reserve?
Need po ba pumunta sa pagibig ortigas?
I had seen in the Apr 13 2023 listings, below property;
San Marino city, salawag, Dasmarinas, cavite – ph2 block25 lot 18, php 467,400.
bidding date sched apr 17 to 21.
Sad to say, that I’m in a preparation for eye cataract operation (Apr 15 up to 21).
Hope to hear from you, sir jay
Hi Ms. Vilma,
The acquisition process is in the negotiated sale guidelines which are included in the listing. Anyway, here’s a copy for quick reference:
https://www.foreclosurephilippines.com/wp-content/uploads/2023/04/ncr_negosale_batch_15159_040523_compressed.pdf
Yun nga lang, parang gahol na po masyado sa oras kung may eye cataract operation kasyo sa Apr 15 up to 21. Baka mas maigi na magpagaling po muna kayo.
Anyway, If you want a summary of the buying process kung via negotiated sale, paste ko po dito yung naka include sa article ko:
How to buy via negotiated sale – Summary from Pag-IBIG’s website:
By the way, I noticed the property you are interested in has illegal occupants. Kayo po mag papa-eject sa kanila if ever bibilhin niyo yan, which we do not recommend. Pero kung kakilala niyo yung ‘illegal occupant” or marunong kayong magpa-eject, pwede naman.
If you want a video explanation of buying via negotiated sale, eto po:
https://youtu.be/96Amj0TOklY
Good day po sir jay ask ko lang po ung kapatid ko po kc my property cia nka pagibig mortage tpos ngkaprblema cia na for close po pero sinalo po ng kptid mo isa pero ung kapatid ko parin ng bbyd prang name lng nia ginamit po. Kasi back list na ung kapatid ko tlga my ari ng property, ngyn po ang ginawa ng kapatid mo pinasalo nia sa iba tao na hindi alam ng kuya ko kht ngbbyd na ung kuya ko sa knya kc nkpag abroad po kasi pag uwi nia wala n ung bahay nia iba na po nakatira… tanong lng po my maihahabol pa b ung kuya ko kc cia nmn tlga ung ngbbyd pero un nga nka name n sa isa ko kapatid ung loan nia.paano po kaya un? Sana po matulungan ninyo ako. God bless po
Hi Marga, nakakalungkot naman nangyari sa kuya niyo. Kung hindi pa nalipat yung titulo, posibleng may habol pa. Kung nalipat naman yung titulo pero forged yung mga dokumento na ginamit sa paglipat, pwedeng may habol pa. Suggestion ko ilapit niyo sa abogado na nagspecialize sa real estate cases kagaya ng sa inyo.
Sir panu po malalaman kung acquired asset na at anu po ba dapat gagawin po namin.delayed payments lang po kami ng 3months then nalaman po namin na ganun na nung nag pay po kami.pls po pa help po.
hi Jinalyn,
Sorry to hear na nagkadelay kayo ng payment, pero dapat pwede pa yan mahabol para maging updated, kung 3 months pa lang. Kailangan niyo makipagusap agad sa collections department para mahabol pa. Or baka nasa legal department na, baka pwede pa rin magawan ng paraan. Sa Pag-IBIG po ba yan? Suggestion ko lang po ay kontakin niyo sila agad para mahabol pa kung kakayanin. Goodluck po.
Good afternoon po, I’m about to retire 5-10 yrs from now,my husband was diabetic w/c is a cozy illness, we leave at molino 6 bacoor, I’m interested in the properties in bacoor listed raging 400-600,000 for investment, if I May asked how is it if the property is occupied?…who will pay for the transfer of tittle/etc ?..any discounts for cash payments?..hoping to hear from you soon..thank you so much…
hi Jeanyfer, I believe kaya pa i-reverse ang diabetes, kaya yan ng hubby niyo! Anyway, with regard to your questions:
1. Pag occupied, iwas na lang po at hanap ng iba. Hindi po worth it yung sakit ng ulo. Eto po video para malaman niyo ang pwedeng mangyari pag bumili kayo ng occupied: https://www.foreclosurephilippines.com/dont-buy-occupied-foreclosed-properties/
2. Yung taxes and other expenses related sa transfer ng title, buyer po talaga ang magshoulder kung Pag-IBIG foreclosed property.
3. Yes, pag foreclosed properties ng pagibig, may discount pag cash payment kung 2nd auction (20% discount) or negotiated sale (30% discount).
Good luck po!
Good pm legit po b yung BPI buena mano?
Hi Antonio, yes, legit ang BPI Buena Mano, accredited real estate broker kami sa kanila dati nung active pa kami. Para sure na legit accredited broker or personnel ng BPI-Buena Mano ang kausap niyo, tawag or punta kayo sa office nila.
Bakit, may kaduda-duda ka bang experience regarding BPI Buena Mano?
nasa page nato ang contact info nila: https://www.buenamano.ph/page/contact-us
Hi Jay, I am one of ylur new subscribers and a newbie in real estate. I am not licensed at the moment and I figured a real estate career and investing in real estate is one of the best ways for financial freedom. Thank you for being a source of inspiration, reading your blog and how you started inspires me to pursue this path. In light of this, can you help me where I could find a property due diligence checklist? Thank you in advance and may you be blessed more.
Hi Bambi, thank you for the kind words! I’m happy to know you want to pursue real estate investing. If you have not yet subscribe to my email list, you can just download the due diligence checklist on the following page: https://courses.foreclosurephilippines.com/courses/98794/lectures/1477370
Thanks and more blessings to you too!
Gdpm po.Sir Jay ito po ba na nakalagay dto sa mga naka publish nakuha na ito?or di pa?pano po kong gusto ko i bid itong blk25 Lot4 Ciudad Adelina Brgy.Conchu Trece?ito po ba ay available pa?maraming salamat po sir .. GODBLESSYOU
Good afternoon Ms. Fe. Basta po hindi pa tapos yung schedule ng auction, dapat available pa. Pag under negotiated sale naman, posibleng may ibang nag offer na kaya dapat niyo i-confirm sa Pag-IBIG kung Pag-IBIG acquired asset.
Sir Jay,
Magandang gabi po. Gusto ko po malaman kung kailan kayo magkaroon uli ng
seminar para sa procedure kung papaano bumili ng Foreclosed Properties. Gusto ko po sumali kung magkaroon kayo ngayon taon 2023.
Maraming Salamat Po,
Edgar
Hi Edgar, pasensiya na, sobrang na-delay yung schedule nung next batch. The next schedule will be this March 2023, announce ko din dito and through email. I highly suggest na i-add mo email mo sa waiting list para maka-receive ka ng updates about the schedule through email. Eto link to the waiting list: https://courses.foreclosurephilippines.com/p/waiting-list/
Sir jay castillo tanong lang po ano po cp number ng bfs foreclosed properties
kc gusto tong bumilin ng foreclosed.
Hi Roland, alam ko walang cellphone number ang BFS, puro landline lang. Eto yung my phone number nila for your reference:
Gud pm. Sir, ask ko lang po if mag engaged po ako sa Real Estate Investing na buy, renovate & sale as an owner lang after 6 mos. transactions obligado p b akong magparegister ng business sa concerned agency like sa Real Estate Dealer o exempted s limit na 6 transaction f owner lng. Thanks
Hi Antonio, when you say owner lang, do you mean hindi mo binebenta? namention mo “Real Estate Investing na buy, renovate & sale” pero as owner lang? Paki clarify what you mean as “owner lang”.
Eto kasi ang sabi sa Section 3-4 ng BIR RR 7-2003:
Eto ang link sa BIR RR 7-2003: https://www.bir.gov.ph/images/bir_files/old_files/pdf/1344rr07_03.pdf
Hello my name is Anne Davis Im interested to buy property under pag ibig how can you help me
Hi Analyn,
Since Pag-IBIG no longer allows real estate brokers to sell their properties, third parties can no longer help/assist buyers like you. You will have to transact with Pag-IBIG directly. The only help I can give is share updated listings along with info I know about the buying process.
Hello gusto kong malaman kong sakali at may nagustuhan ako na property ano ang mga hakbangin na dapat kong gawin. Paano kong nasa malayong probinsiya ako kailangan ko pa bang pumunta sa lugar ng property na gusto kong bilhin? Paano ang proseso ng payment? Thanks
Hi, pwede po ba matanggal ang isang real estate agent na nagpakilalang direct employee sya ng isang developer? which it turns out na under pala sya ng isang broker, nilinlang ako pra lang makabenta? sana po matulungan nyo po ako pra wag na po sya makapang biktima ng kanyang istyle… isa po ako sir jay sa mga nabibigyan ninyo ng heads up sa mga foreclosed properties in the Phils. at isa din po ako sa nakabili ng foreclosed property under BDO na unoccupied last December 2017. thank you po sa inyong tulong.
Hi Ms. Charito, i’m sad to hear nagmisrepresent sa inyo yung agente. 🙁
Suggestion ko po, ilapit niyo direct sa developer para mabigyan ng nararapat na parusa, yung agent at broker po ang dapat mag explain sa mga modus nila. Pati na din po sa PRC tingin ko pwede niyo ilapit, misrepresentation kasi yung ginawa nung agente.
Glad to hear nakabili po kayo ng unoccupied na BDO property!
Hi Sir Jay,
Thank you for sharing all this information, ive just found your blog last week and i already learned a lot.
Im planning to offer to buy a foreclosed property (condominium) from a bank, they offer me a 10% discount on their list price, how much more i can go down to counter offer? Checking around the location area, their price is on far with the current market price but off course i need to do a renovation. The property is already in the market for 4years and will need a good renovation.
Maraming salamat po.
Hi Marlon, sorry for the late reply. For me, I would ask for another 10% discount. No harm in trying… hehe. 🙂
If they don’t accept your offer, you can always submit a better one. Just make sure there are no other parties with offers for the same property because the bank will just award it to the other party with a better offer.
Thanks for the kind words and good luck!
Hi Jay, your wealth of information is priceless. Thanks to your website, it inspired me to try real estate investing.
Just an inquiry, we have an IT company/corp and would like to acquire real estate assets. Is it possible to buy foreclosures under a corporation? How do banks accommodate foreclosure purchases by a corporation?
Hi Ian, thank you for the kind words, happy to know you were inspired to invest in real estate!
With regard to buying foreclosed properties as a company/corporation, I don’t see any problem with that. The only difference would be the requirements. For example, take a look at the requirements for corporations for Unionbank below:
1. Accomplished Personal Information Sheet
2. Accomplished Corporate Signature Card
3. Articles of Incorporation / Bylaws with SEC Certificate Registration
4. Latest General Information Sheet
5. Secretary Certificate authorizing representative and Valid Government issued ID’s
6. Corporate profile
7. BIR Form 1702 / Latest Audited Financial Statements
8. 3 months latest bank statements
You can see the entire list of requirements so you can compare with individual buyers, self-employed, and OFW’s at the following link from Unionbank’s website: https://www.unionbankph.com/sites/default/files/2021-01/buyer%27s%20requirements%20July%202020.pdf
How to contact marketing officer of foreclosed property from metro bank Po?
Hi Mike, please check the contact page of Metrobank for their phone numbers and contact form: https://www.metrobank.com.ph/contact-us
Looking forward to learn more from you sir!
I was able to read a lot of books by Robert Kiyosaki and I am always searching for someone in the Philippines who practice what he is saying in his books. Luckily I have found this blog of yours when I searched about taxes on google. You are so clever in setting up this domain XD. I also have experienced internet marketing but unfortunately I’ve run out of funds to continue it. I’m currently invested heavily on crypto but my long term goal is that my profits in crypto will be slowly transferred to real estate here in the Philippines and I found you to be the right fit! Thank you in advance! 😀
Hi Charles,
Glad to have you here (no need to call me sir… hehe!). Haha, my domain is actually too long, but it’s been good for SEO. 🙂
That’s a smart strategy, funnel your cyrpto profits to real estate, galing!
Speaking of learning from me (I guess through the the blog), I’m currently updating everything, especially the articles that are more than 10 years old. It’s taking longer than expected but I hope you can read them soon. 🙂
Hi Jay,
I’ve been reading your posts since many years ago and I’m inspired to do the same. I’ve been planning to retire soon. May I ask if you offer a personalized or a more comprehensive seminar about acquiring foreclosed properties for rentals?
Hi Joanna, thank you so much for being with us here! Yes, I am about to re-open enrollment for my training for the next batch for investing in foreclosed properties. I just have to finalize the schedule and announce via email/blogpost. I look forward to seeing you then!
Hi Sir Jay!
I recently learned about your blog through Google and find it very informative. Now, after reading more about you, I feel inspired! I am also an IT professional and currently wear quite a few hats in company (including server admin) so I really feel you there! On the other hand, I still do enjoy my job so I try to do my best everyday. Nevertheless, I really love reading your blog as I am also keen on starting to invest on real property (and also purchasing a house for my family). Opening your blog was like opening a treasure chest! Thank you very much!
Cheers!
Wow, thank you Arlyn for the kind words! Glad my journey has inspired you to invest in real estate. I’m happy that you enjoy your work, that’s great because it’s still a great way to save money and raise capital for real estate. Wishing you success in your future real estate deals!
Hi Mr Jay,
I’ve been watching your youtube videos about foreclosed properties since last year. Sayang I should’ve discovered it way earlier they were very informative.
I would like to get your thoughts about UBs in house financing scheme. Is it possible to apply for a loan take out?
Thank you
Hi Solon, thanks for the kind words, much appreciated! If you are referring to UnionBank, yes, they are open to loan take-out. But you will have to get financing from UnionBank first while your loan take-out is being processed.
Hello sir Jay!
I’m Joana, one of the many avid readers of your blog. I’m 24 years old and your stories and articles really inspire me to pursue real estate investing especially in foreclosed properties.
I am gathering my finances to finally get my hands on my first deal hopefully in the next 2 years, God willing. It will be scary and full of questions for me but hopefully through the things you’ve been sharing and lessons you’re teaching here, I can have success in my future endeavors too 🙂
Hi Joana, happy to know you want to pursue real estate investing. I remember I also gave myself 2 years but it took a little longer. 🙂
Anyway, I hope that what I am sharing here can help finding success in your real estate investing journey faster (less problematic) for you. Good luck and thanks for the kind words!
Dear Mr. Jay,
Thank you very much and I really appreciate your kind heart to help, especially for those who are new in this field.
Regards,
John
Hi John, you just made my day, thanks for the kind words. Happy to pay it forward!
DEAR PROPERTY CANVAS STAFF ,
I am Purchaser wishing to find a Lot and House with the following features :
–1… Any Barangays within = Tagum City ( and NO other locations ) +
–2… Zones = Residential OR Agricultural OR Beach-Front +
–3… Land Size Range = 90 –to– 400 Sq.M +
–4… Border Fencing = Fully +
Price Range = 500,000 –to– 1,000,000 Pesos (above price range includes BIR Transfer Tax) +
–5… House wall options, EITHER :
-A = 50% Hollow-Block + 50% Amakan OR
-B = 100% Hollow-Blocks
+
–6… Bedrooms = 2 –to– 3 +
–7… Bathroom = 1 +
–8… Lounge-room = 1 +
–9… Has atleast 5.meter space between House wall to the Lot fence borders = High Priority
+
–10… Has existing “Water / Electricity”
–11… Has space for Garden Plants around House building = Preferable
+
–12… Buy by “Assuming Mortgage” OR “Simple direct Purchase”
+
–13… Vehicle Park-space = Optional AND
Now please kindly send me All / Any available Seller contact details with their House/Lot Photos (Inside and Outside Areas) — to my email herein, for my immediate consideration OR IF you have no properties to offer, kindly refer me to some “Actual Tagum Realty Agents” ?? please, advanced Thankyou dear Sir / Mam,
Yours Faithfully ,
FROM : Interested Purchaser.
I find a sure for close property in CDO or in Opol that could be my future home when i retire from an employee..thanks
Thank you so much the video about the fighting chance in facing foreclosures gave us hope. God bless and prayin’ that we can surpass this challenge in this pandemic.
You are welcome Marie, thank you also for watching! Stay safe and God bless.
Thank you
Welcome Jerry
I would like to get a copy of the 60-Item Property Due Diligence Checklist.
Can someone send it to me? I did NOT see the link to get it.
THANKS!!
Hi Andre, I already emailed you directly. Did you receive it?
Hello,
I did NOT receive a copy of the 60 item Property Checklist.
My email address is: andrefranks@gmail.com
Please send it again. Thank you
Andre Franks
Hi Andre, I have just resent it, please check. Thanks!
Hi Sir Jay, Im new here, kindly share also a copy of the checklist to me at romy.gozo@gmail.com thanks again in advance.
Hi Romy, thanks for dropping by! I already sent you an email, please check. Thanks again!
Can I request a copy of it too? Thank you. albertalbaytar@gmail.com
Hi Albert, I noticed you clicked the link to the download page in the welcome email. Do you still need me to resend the file?
Thank sir Jay..good to hear from people like you about knowledge sharing. Keep it up, God bless.
You’re welcome and God bless you too Willy!
good day po. di po ba pwede kumuha ng computation through online? or something na ndi na pupunta dun sa city hall? Thank you.
Hi Sir Jay! Read your article on Ondoy aftermath and got interested on your story. Im doing thesis on community learning process on flooding. I’m hoping that I could do an interview on what you have learned and realized after the tragedy and how was your subdivision after 10 years. Thanks and God bless!
Hi sir Jay! I was about to buy a foreclosed property from BFS (Bahay Financial Services) but I have read some reviews on their own facebook page not to buy properties from BFS because they won’t offer any assistance anymore like securing the lot title and transferring it to your name once full payment is made to BFS.
Hi sir Saan po mangagaling or kukunin ang affidavit of consolidation na isusubmit sa bir to secure car?thanks!
Hi sir Jay good day,ask ko lng po kung magpapasheriff ba ako may babayaran ba ako?kung meron magkano po kaya?assuming nagamatigas po yung mga illegal occupants at nasaraduhan po yung bahay ng sheriff,masasabi ko po ba na sa akin na yung mga gamit,at kung ano ang pwed kung gawin sa mga gamit na yun if ever?salamat po sa magiging tugon.
im interested too in real estate
Wow!
I salute your unselfishness advocacy sir! Thank you for sharing your journey, I learned a lot. God bless!
Hi!. May tanong po ako regarding sa lupang kinatatayuan ng bahay ko ang zonal value ay 1500/sqmtrs ang category po ay agricultural residential ang gusto po ng may ari ng lupa ay 3000/sqmtrs wala pong kalsada para makadaan ang sasakyan pathway lang po ang daan na masikip . may laban po ba ako na sa zonal value ang maging bilihan. Anim po kami na doon na nakatayo sa 1,153 sqmtrs pero ako lang ang gustong ipa evict samantalang yun iba naman po ay walang kakayahang bumili. Ang gusto pa po ay cash na bayaran yun lote. need ko po ng advice.
Hi! I am a unit owner here in Cambridge Village Cainta Rizal. Last 2013 nakakita ako ng fb page ng mga complaints ng mga naunang unit owners ng cambridge na walang permit to sell from HLURB ang Building nmin na addtl sa mga nadevelop na ng empire East. a friend of mine had fully paid her property na and to her dismay, hindi sya nakakuha ng titulo kasi walang permit to sell ang Empre East sa property nmin. Hindi na ako nagtuloy ng bayad muna sa Empire East kahit 5mos na lang kulang ko. Instead ang ginawa ko sumulat ako sa kanila about my friend’s case. Hindi na nila ako binalikan. For how many years until to this day hinihingan ko sila ng copy pero walang sumasagot sakin. Then nakatanggap ako ng letter from their office na ang laki na ng utang ko sa knila at icacancel na nila contract namin. I wrote a letter again and til now wala pa din akong sagot na natatanggap from them. Ano po ang dapat kong gawin? napaka unfair sa part namin kasi unang property ko ito. Kinuha ko ito para may property ang anak ko kpag tumanda sya. Sobrang lungkot ko dahil agrabyado kaming mga owners dito. fully paid ka, wala kang titulo, kpag hindi ka nagbayad, icacancel naman ang contract mo. sobrang kawawa naging sitwasyon nming lahat dito. PLS HELP ME…
Hi Jay,my aunt lives in Europe,purchased a lot in the Philippines 3 decades ago.She’s getting older and she wants to transfer the Tittle to me but she cannot find the Tittle after so many years.
Do you know what the procedure is to get a new Tittle?
Hi Jessie, you just need to bring a copy of your Tax Declaration and a photocopy of your ID, then go to the treasurers office and ask for a statement of account. After that, you can proceed with the payment. Hoping for a hassle free transaction for you!
kelangan po ba talaga magpunta sa treasury office? pano kung malayo, may option ba magbayad sa bank?
For amilyar?
Hi Sir Jay,
I’m going to pay Real Property Tax ( RPT) this coming next week .
kindly advice me for what requirements need to carry when paying the RPT in the treasury office ??
hello po sa lahat and to sir jay, im quite interested about financial literacy,and im want to engaged myself on these things about foreclosure,and investing in real estate,.how can i start and what are the things for me to do to get involved in these business.salamat and Godbless.
Good Day po sir ask ko lang po kung pwede ko po bang aplayan yung bahay ng ninong ko na nasa acquired asset na raw…ako po caretaker…nasa US po may ari at pinabayaan na yung bahay…meron po kasi dito umaangkin na sya daw unang nakareserve sa pag-ibig..balak po tirahan….nagpaalam po ako sa may ari na aaplayan ko sa pag-ibig….mahahabol ko po ba un bahay sa pag-ibig…bilang caretaker po…kasi nag C.I. ang pag-ibig wala po ako at yung kapitbahay ko ang nakialam na pumirma….
Good Day! sana po matulungan nyo ko sa problem naming. ask ko lang po may makukuha pa po kaya sister ko OFW po sya na kumuha ng bahay sa cavite then nagkaproblema po sya financial gusto nya po mag back out na sya sa nakuha nyang bahay. bayad na po nya Equity nagstart last 2012 and 2014 start ng M.A. nya until August 2017 lang po ang nabayran nya kasi po nagkaron sya ng financial problem abroad. Mag apply po kaya sa kanya ang Maceda Law? ang total po nabayran nya is Php 467, 147.00 for Equity and since 2014 until August 2017 po 22,807.38/month ang nabayad nya so parang almost 1M na po nalabas nyang pera. May makukuha pa po kaya sya? Thanks po.eto po email add ko.- kdfillomena@gmail.com
Good pm po sir jay,ask ko lang po paano o saan po kya ang pwede mag ask kung saan may free seminar ang pag IBIG reqarding sa mga acquired asset if willing kumuha tulad ko..ano po requirement if binata pa..gusto ko sna ksi mag attend nang free seminarpra s mga acquired asset pag IBIG po.thank you po.
CHECK U LANG MAM WEBSITE NYA.
Good Day! sana po matulungan nyo ko sa problem naming. ask ko lang po may makukuha pa po kaya sister ko OFW po sya na kumuha ng bahay sa cavite then nagkaproblema po sya financial gusto nya po mag back out na sya sa nakuha nyang bahay. bayad na po nya Equity nagstart last 2012 and 2014 start ng M.A. nya until August 2017 lang po ang nabayran nya kasi po nagkaron sya ng financial problem abroad. Mag apply po kaya sa kanya ang Maceda Law? ang total po nabayran nya is Php 467, 147.00 for Equity and since 2014 until August 2017 po 22,807.38/month ang nabayad nya so parang almost 1M na po nalabas nyang pera. May makukuha pa po kaya sya? Thanks po.eto po email add ko.- kdfillomena@gmail.com
Hi Sir, Ask ko Lang po, medyo naguguluhan po ako sa tax treatment sa mga business engage in real estate, for example, we are a corporation engage in real estate business, what we pay is Income Tax of 30%, right? but we have to deduct the CWT? and ano and pano po namin idedeclare yung income? applicable po ba yung initial payment na 25%? pwedi po ba ninyong madiscuss yung corporate tax ng real estate business? even kapg nagfafile ng Vat? Thanks po
good day sir jay.,can u give me some pieces of advise pls..kumuha po kase kmeng mag asawa ng isang rent to own house and lot dito po sa Batangas, amounting to 1,800,000php – 10 yrs to pay ang contrata po namen 14,000php ang montly amortization. 300,000php for the equity at 552,000 na po ang naihulog nmen sa loob ng 4 yrs. bale (852,000php) ang kabuuang hulog nmen as of November 2016.. But for some reason ang seller ay inobliga kmeng ipasok sa PAG-IBIG noong JULY 2016..Nung naipasok nmen sa PAG-IBIG naaprubahan ang 863,000php last DECEMBER.. kulang pa po kme ng 1milyon pra mapasaamen n ung property. Pero ayaw nya pong tanggapin ang 863,000 n mgmumula sa PAG-IBIG. inuubliga nya kmeng icash nlng ung balance kase magma migrate sila pa CANADA.. So, ako at ang asawa ko po ay ngdecide n ihinto na lamang ang paghuhulog at sa hapi ay irefund na lamang ang halagang maari nmeng makuha mula sa seller. And now, dinedemand ng SELLER na 50% lng po ang marerefund nmen..Mula po sa 852,000.00 na naihulog nmen, ay 426,000.00 po ung aming makukuha..tama po ba na ganung halaga ang dpat nmeng marefund? o dpat po ba na montly rent lang ang kwenta sa halip na montly amortization na 14,000?? At ung SECTION 3, RA. 6552 ay pwede po b tlgang gamitin ng SELLER laban sa amin na BUYER? badly needed lng po tlga,.thank you..Godbless..
hello sir jay.. may balak po kc akong bilhin na vacant lot sa isng subdivision.. china bank po ang mayari ng lot.. 700k po ang min bid price nakalagay.. pwede poba akong mg offer ng mas mababa sa 700k? o dapat mas mataas sa 700k? salamat po
ALAM KO DI PWEDE MAS MABABA SA STATED PRICE
Hi Sir, kung bumili po ako ng condo tas completed ko na po ang 20% down payment, tas i decided not to continue, tama po bang bawasan pa nila ako ng CWT, commission at incentive sa refund request ko? CTS and Cert of full payment of DP po and naissue na po sa akin.
ASK KO UNG SMIN MAM
Hi sir what if the developer failed to deliver what had been agreed upon can I make a full refund of what i have paid? I purchased a house and lot from one developer, agreement is after 13 months of payment they will start to build the house. 18 months na wala pa rin nauumpisahan so i decided to ask for a refund. They agreed that they will refund me but they deducted the commission and other expenses. Is that right for them to do that? I wouldnt cancel the sale agreement if they deliver the terms nman. Thank you
Hi sir advice nyo nman po ako kung pano ang ggwin q, ang bhay ko ay nakuha ko thru sss financing pero nalipat sa bfs sa katagalan at eto raw ay foreclosed na, sa dahilang d ko ito nahuhulogan, ang tanong ko po ay pwede ko po ba ilipat sa pag-ibig ito sa pangalan ng anak ko para ito ay mahulogan at nang hindi mawala ang bhay po nmin, hanggang ngayon ay kasalukuyan ay tininitirahan pa po namin, pakipayuhan naman po ako kung ano ang dapat nming gawin para mailipat po ito sa pag-ibig. Maraming salamat po
Jay,
Please enlighten me on what you said “Please note that there is an exception to the application of the CGT, and that is the sale of a principal residence (your own home)”.
We are selling our house for P28M that has been my parents and our primary residence since and now we have to sell coz our parents died. Real estate agent saind we have to pay 7.5% CGT. I am doubtful on this CGT as it is an ordinary asset and was never used to gain an income.
regards
Janet
Hi sir, pano po ba ang sistema ng auction for tax delinquent , how long po ba bago maisama sa auction ang property and if thats your property how can you buy it back or stop the auction?
Good morning sir jay pm u po ako sa facebook nag hahanap ako lot or house in lot na mga forclose sa NHA
Hello sir Jay
Ask ko lang po kung ano magandang gawin, may friend po ako 1year n nya d nahuhulugan ang loan nya s PAGIBIG… interesante po ako sa property nya
Salamat Po!
Hi Jay,
You are awesome! I admire how you do business. I’ve been looking for someone like you here in the Philippines. I came across some of your videos on youtube and have read something about you. I can say that we have similarities, though you are now successful and i am just starting. I wish I could be lucky enough to talk to you someday as I have no mentor to help me with the learning process. 🙂
I am a nursing graduate, I am wondering what are the steps for me to have a license as a broker. Do I still need to study a particular 4-year course? I hope you would reply to this. Looking forward to meeting you. Godbless!
cheers,
Mark
Hi Sir Jay,
Ask ko lang po kong ano po ang mga guidelines sa pag-self-supervise ng house construction?Ano po yong mga iba’t-ibang position na component ng workers sa building construction?Plan ko kasi mag-pagawa ng commercial/residencial building next year pero ayoko syang ikuha ng contractor para makatipid. Actually, di ako sure kong tama desisyon ko.I will appreciate your advise on this matter.
Thanks.
Hi- I am looking for a specific foreclosed house. It belonged to the dad of my husband who passed away when my husband was 8 mos old. We recently found out that the house was foreclosed. We now want to buy it/ save it. I was wondering if you could help locate which bank it is in? It is in MountainView Mandalagan, Bacolod. Any leads would be greatly appreciated, thanks.
Hi Jenny, really sorry to hear your situation. The best way to trace which bank foreclosed it would be to check the title/traceback at the registry of deeds that covers the location of the property and look for annotations regarding the mortgage.
Hi Sir Jay,
Ask ko lang po kong ano po ang mga guidelines sa pag-self-supervise ng house construction?Ano po yong mga iba’t-ibang position na component ng workers sa building construction?Plan ko kasi mag-pagawa ng commercial/residencial building next year pero ayoko syang ikuha ng contractor para makatipid. Actually, di ako sure kong tama desisyon ko.I will appreciate your advise on this matter.
Thanks.
hi sir jay, ask ko lang po kung may alam kaung foreclosed property located in pantabangan nueva ecija? tnk u po.
Hi sir Jay, regarding sa pagbili ng foreclosure properties, is it possible ba na makabili thru cash kahit walang bank financing or pag ibig?
Hi Jay, can you give me some insights on how the bidding happens on-site?
-How competitive
-What to expect, what not to expect
I’m a newbie buyer and I’d like to know my chances of walking away with one of my choices given the bidding.
hi sir jay may tanong po ako ng delete po yata
good day sir jay i was following your blog since 2010. sir now that i have saved some money to pay the equity of a condo unit of my own, i would like to rent it out for it to become my passive income. may i ask you for some advise sir if i should “lease” it out or “lease to own”.
Good Day Sir Jay Castillo,ask po ako advice, gusto ko po ilagay ang investment property (rental) sa isang legal entity, for tax and protection purpose. wala po ako any legal entity, I really appreciate your advice po. Thank you.