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BDO foreclosed properties for sale updated as of May 2012

Note: The most updated listings of Banco De Oro (BDO) foreclosed properties can be found through this link: BDO foreclosed properties. The listing below is outdated but you may still access it for reference purposes.

This is an updated listing of BDO foreclosed properties as of end of May 2012, courtesy of Ms. Mary Jean Reyes. Ms. Jean is the Manager of Metro Manila Sales of the BDO Asset Management Group.

One thing I like about this listing is Ms. Jean updated it so you can easily spot properties on the list that already have an offer(in blue) or are already sold (in red).

The listing of BDO foreclosed properties below includes properties that are mostly from Metro Manila, with a few from Luzon.

This is actually a set of listings which contains a main listing and 3 subsequent updates. I was supposed to combine these into one listing but that would mean I would have to defer posting the list, so I decided to post them all here as is.

Payment terms

Aside from cash payment, purchases can be through installment as follows:

  • Reservation Fee: 5% of selling price
  • Minimum downpayment: 25% of selling price (exclusive of the 5% reservation fee)
  • 70% balance: Payable over 5 years at 12% annual interest rate

*Please keep in mind that if you are looking for longer payment terms, and lower mortgage rates, it is possible to finance purchases through a loan takeout with other banks.

Note:

  • Sale shall be on “as is where is” basis.
  • Prices are subject to change without prior notice.
  • All offers are subject to Management approval.
  • Interest rates are based on prevailing rate at time of availment.
  • Lease offers welcome for all condominium units listed except those under “With Authority to Sell”. Please call for price.
  • Where applicable, prices are exclusive of VAT

Download the listings of BDO foreclosed properties as of May 2012

Note: The most updated listings of Banco De Oro (BDO) foreclosed properties can be found through this link: BDO foreclosed properties. The listing below is outdated but you may still access it for reference purposes.

~~~

To our success and financial freedom!

Jay Castillo

Real Estate Investor
PRC Real Estate Broker License No. 3194 
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Text by Jay Castillo and Cherry Castillo. Copyright © 2008 – 2012 All rights reserved.

Full disclosure: I am an accredited real estate broker of BDO Asset Management Group.

Disclaimer: The properties above are for sale on an “as is where is basis”. All are advised to do the necessary due diligence before entering into a binding commitment financially or otherwise in relation to any of the listings of foreclosed properties for sale that are  published in www.foreclosurephilippines.com. Inadvertent misprints shall not alter the factual condition of any property published in www.foreclosurephilippines.com, nor shall they be deemed as misrepresentation.

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About Jay Castillo
People encounter problems and make mistakes when buying foreclosed properties, and Jay wants to help people avoid those problems/ mistakes. Jay encountered a lot of those, which is why he started this blog in 2008 to serve as a guide where he shares lessons learned, and how to overcome challenges you may encounter when investing foreclosed properties in the Philippines … [Read more]
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14 thoughts on “BDO foreclosed properties for sale updated as of May 2012”

  1. Gud Day Sir Jay
    just want to ask what documents we’ll receive after we settle the amount declared by the BFS..
    we made an application of the house and lot in Dasmarinas City which has a redemption period until May 2014,..we are confused because we need to present Orig TCT/deed of sale or certificate of sale in order to approved by MEralco…but according to BFs, they will not give us an absolute deed of sale nor TCT because we are just buying only the rights? pls help us to understand..

    Reply
    • I bought also a creditors rights and was able to have it connected with Meralco by using the Notice of Approval of Sale and Authority to Move In. BFS will not issue you the original TCT for now maybe because the Title was not yet under their name since the redemption has not yet lapsed. Better if you read again the 1st condition in your Notice of Approval of Sale

      Reply
    • A good day to you too DImasalang. I’m not sure what documents you will receive as I am not an accredited broker with BFS (Full disclosure: they chose to advertise on our site, even though there are a lot of negative feedback here, they said they are doing their best to handle them and they did not ask me to remove the negative comments, which is good). I would have to agree with Jad (thank you Jad for your comment answering DImasalang’s question!) that you will have to use the Notice of Approval of Sale and Authority to Move In or maybe an Acceptance Notice (this is what banks give their buyers, Im not sure with BFS though). By the way, was it someone at their office that was not able to provide the service you expected or was it an agent/broker?

      Reply
  2. hi 🙂 sir how can we contact you?i called up BDO re: foreclosed property in Lot 10 Corner Dutches St., Royal Valley Bangkal Davao City. I saw this from links you posted under BDO bank. They said the property is not in their list. Would that mean sold out na?or already endorsed to legit real estate broker. How can we contact you?we are interested buying properties here in Davao City.

    Godbless

    Reply
    • Hi Tighe, there are photos but are too big to post online (I would have to manually compress the pictures from the bank but that would take too much of my time). Which property in Paranaque would you want to have pictures of?

      Reply
      • Please email me foreclosed properties (house and lot) in Bulacan. I am interested to buy and use it as rental property. I am particularly interested on properties located in San Indefonso and Baliuag, Bulacan.

        Thanks

        Reply
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