When we started buying and selling foreclosed properties, we learned that it can get quite complicated. Worse, it can actually become problematic, very costly, and full of regrets. 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. However, it took me 4 more years before I actually did. 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.
Recommended reading: How I Started With Real Estate Investing (And Retired From Being An Employee)
I was an I.T. Manager back then, but by default, I was also the Oracle Database administrator/developer, Information Security Manager/Network Specialist/Server administrator, and Helpdesk Staff (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 credentials
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!
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?
Cherry Castillo
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.
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.
She’s also a CPA-Lawyer (Roll of Attorneys No. 55239, PRC CPA License No. 0102054).
She is the 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 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!
ForeclosurePhilippines.com runs on the self-hosted Wordpress blog platform and is powered by the Generatepress wordpress theme. Our hosting is provided by Dreamhost Hostgator Siteground Kinsta 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 – 2022 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.
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: [email protected]
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.
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: [email protected].
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!