More than 900 BDO Foreclosed Properties in November 2020 nationwide list

Last Updated on November 18, 2020 by Jay Castillo | Filed under: - 18 Comments


A total of 911 BDO foreclosed properties are available for negotiated sale in this nationwide list, updated for November 2020. This list is from Ms. Mila Dioneda of the BDO Property Management – Retail Sales. Details below.

BDO foreclosed properties are for negotiated sale, which means you just have to submit an offer (no need to go through a public auction). Keep in mind that offers are still subject to bank management’s approval.

Since these properties are offered for sale through various channels, some properties on the list might be already sold. Because of this, you should first contact Ms. Mila to confirm the availability of any property that you are interested in.

(Note: I have NOT yet included in my foreclosed properties database due to time constraints, I will upload these in the coming days)


Download the BDO foreclosed properties list in PDF format

If you prefer the “old school” way of of viewing listings in PDF format, then you can do so below.

Reminder: Properties highlighted in blue are no longer available.

Click here to download the BDO foreclosed properties list in PDF format

Note: You will need Adobe Acrobat Reader to view PDF files, which is free to download at Adobe.com

How to avail – a summary of how to buy BDO foreclosed properties

Based on our past transactions with BDO, here’s a quick overview of the buying process via negotiated sale:

1. Identify properties you are interested in

Browse through the list and Identify properties you are interested in.

2. Contact BDO directly to get more property details

You can proceed and contact BDO directly to get more property details / payment terms / schedule an ocular, etc. Contact info can be found within this blogpost (just below this summary), inside the downloadable list in PDF format, and also within each property’s details in the Classifieds Database.

Recommended reading:

3. Do your due diligence

If you are seriously interested in a property/ies, you should do your due diligence (inspect the properties, verify the title/tax declaration, check what are the taxes and fees you will shoulder as the buyer, etc.). We recommend that you do the inspection personally. If you’re abroad, you can ask a trusted relative do the inspection for you, but I still recommend that you come home at least once to personally inspect the property yourself, before submitting an offer.

4. Choose your payment terms

In addition to cash payment, here are the payment terms we got last time we checked for BDO:

  • 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. Optionally, you may choose to get a loan takeout later either from BDO or other banks/lending institutions. Call BDO for details.

By the way, since payment terms often change, most especially the interest rates, always call the bank directly to get what currently applies before you submit your offer(s).

5. Submit an offer

If the property/ies you are interested in pass your due diligence, you can go ahead and submit an offer, inclusive of the 5% reservation fee. Call BDO directly to get all details and complete list of forms and requirements. Note: If your target property is under promo, you can submit an offer up to 20% below the listed price. All offers are subject to management approval.

6. Wait for your offer to get approved/disapproved

a. If your offer was approved, your 5% reservation fee becomes part of the downpayment, and BDO will assist you with finalizing the purchase. You need to choose between cash payment (usually due in 30 days after notice of approval), in-house financing, or bank loan (you need to finalize your downpayment amount/ years to pay for the balance and interest rate, submission of requirements, contract signing, when you can move-in, etc.)

b. If your offer was not approved, your reservation fee will be returned to you.

c. If the BDO received multiple offers including yours, you might be invited to participate in a sealed bidding to determine which bid will be accepted. If ever this situation arises, BDO will contact you and explain the whole process.

Note:The above is just a quick overview based on our own experiences from past transactions with BDO. Their exact procedure is subject to change without prior notice. Our standard Site Disclaimer applies.

To get more details, please contact BDO directly. Refer to their contact details below


Contact info

For more information or clarification you may call or visit BDO’s office:

Mila Dioneda / Sales Officer

09564920261 / 09223724522

BDO Property Management – Retail Sales

25/F, Pacific Star Building, Sen. Gil Puyat Ave., corner Makati Ave., Makati City

For lease offers, please call:

(02) 8702-7033 / 8702-7825

You may view details of these assets through the bank’s intranet site or go to

www.bdo.com.ph/properties-for-sale

Disclaimer

  • Sale shall be on “as is where is” basis.
  • All offers are subject to Management approval.
  • Availability of units and prices are subject to change without prior notice.
  • Misprints should not be construed as misrepresentation of the property.
  • 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

Full disclosure

Nothing to disclose. While we are accredited licensed real estate brokers with BDO, we are posting this as a form of public service to our readers and subscribers. We have stopped brokering foreclosed properties at the moment, so please contact BDO directly to inquire. Thank you for understanding!

For real estate brokers/sales persons who want to market these properties, please contact BDO directly for accreditation requirements.

Please feel free to share this listing with your friends and associates.



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Avoid losing money, wasted time and effort caused by buying foreclosed properties that have too many problems, with our free 60-item Property Due Diligence Checklist. Grab your free copy now.



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