BE A WISE REAL ESTATE INVESTOR
Home » Foreclosed Properties » 824 BDO Foreclosed Properties in February 2024 Nationwide List

824 BDO Foreclosed Properties in February 2024 Nationwide List

As of February 1, 2024, a total of 824 BDO foreclosed properties for negotiated sale are included in their nationwide list. This updated listing comes from Ms. Mila Dioneda of the BDO Asset Management – Sales Department. Details below.

Introduction

BDO foreclosed properties are for negotiated sale, which means you just have to submit an offer which are received on a “first come, first served” basis (no need to go through an auction/bidding, see steps below).

Offers are still subject to bank management’s approval.

Since these foreclosed 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.

View list of BDO foreclosed properties

For easy searching and filtering, you may view the entire list of BDO foreclosed properties in our “Classifieds Database” below:

==> Click here to view searchable list of BDO Foreclosed Properties (Database)

Alternately, you may also view/download the BDO foreclosed properties list in PDF format below:

==> View/download BDO foreclosed properties list (PDF)

How to buy/avail BDO foreclosed properties

  1. Choose a foreclosed property/properties from the list
  2. Contact BDO directly for more property details and to confirm availability
  3. Do your due diligence (inspect property, check documents, etc.)
  4. Choose your preferred payment terms
  5. Submit offer. All offers are received on a “first come first served” basis
  6. Wait for offer to get approved/disapproved

* The above is a quick summary of how to buy/avail via negotiated sale, see detailed explanation of the buying process below:

1. Choose a foreclosed property or properties from the list.

Browse through the list of BDO foreclosed properties above and choose which properties you are interested in.

2. Contact BDO directly for 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.

Recommended reading:

3. Do your due diligence

If you are seriously interested in a property/ies, you should do proper 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

Here are updated terms of payment from BDO:

  • A. Cash Basis
    • 5% Reservation Fee: check payable to BDO Unibank Inc. to be deposited upon approval of offer
    • 95 % balance: shall be paid within fifteen (15) days upon approval of offer.
  • B. Installment/In-house Financing
    • 5% Reservation Fee: check payable to BDO Unibank Inc. to be deposited upon approval of offer
    • 15% downpayment: payable within fifteen (15) days upon notice of approval of offer.
    • 80% Balance – Payable on a monthly basis at terms of 5 years with 10% interest per annum – with refinancing option through BDO Home Loan

5. Submit an offer (received on a “first come first served basis“)

If the property/ies you are interested in pass your due diligence, you can go ahead and submit an offer, inclusive of a check for the 5% reservation fee. Call BDO directly to get all details and complete list of forms and requirements.

All offers are subject to management approval.

Note: All offers are received on a “first come first served basis”. This is the new sales process as of June 1, 2021.

In the past, if a property gets multiple offers, there will be a sealed bidding.

With the new process, whoever made the first offer will get his/her offer processed (no need to go through a bidding).

6. Wait for your offer to get approved/disapproved

a. If your offer was approved, your 5% reservation fee shall become part of the downpayment, and BDO will assist you with finalizing the purchase.

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

Note: The above is 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

BDO Foreclosed Contact numbers

For more information or clarification with regard to the foreclosed properties in BDO’s latest list, you may call or visit BDO’s office:

Mila Dioneda / Sales Officer – BDO RMG / PMU RETAIL SALES:

  • Direct Line: 87026000 local 27024
  • Mobile:
    • 09564920261 (globe /viber / whatsapp)
    • 09223724522 (sun)
  • Email : dioneda.mila@bdo.com.ph

BDO Asset Management Management – Sales Department:

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

Reminder: Ms. Mila Dioneda/sales officers from BDO only handle BDO foreclosed properties. I was notified by Ms. Mila that a number of people contact her and ask details for properties that are from Pag-IBIG/other banks. PLEASE DO NOT DO THIS!. Thank you for understanding!

FAQ for BDO Foreclosed Properties

Here are answers to frequently asked questions about BDO foreclosed properties and acquired assets.

Can I buy BDO foreclosed properties through a Pag-IBIG housing loan?

Yes, they allow loan take-out to Pag-IBIG or other banks, but the buyer must agree to the payment terms of BDO initially and start paying the corresponding monthly amortizations.

You will have to pay the monthly amortizations while the loan from Pag-IBIG (or other banks) is being processed. (To compute for monthly amortizations, you can use our home loan / mortgage calculator)

Can I sell BDO foreclosed properties as a real estate broker/agent?

Yes, selling BDO foreclosed properties is open to licensed real estate brokers/agents. We used to sell their foreclosed properties when we were still active (Read: Why we stopped offering real estate broker services for foreclosed properties).

For broker accreditation questions/requirements, please contact BDO directly, see contact info above.

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.

* 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 public service announcement for 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.

Search for more foreclosed properties in our database…

You can also search from over 30,000 foreclosed properties in our database.

This includes other banks and lending institutions that have foreclosed properties for sale.

Use this to quickly search for all foreclosed properties in a subdivision, village, condominium project, city, etc.

==> Click for advanced foreclosed properties search

All locations with foreclosed properties by Province/City

You can also browse all locations within the Philippines with foreclosed properties available from ALL banks/lending institutions inside our database, grouped by Province/ City, on this page:

==> Click to browse all foreclosed property locations

Note: The “Foreclosed Properties Database” is a work in progress. If you have comments/ suggestions, please do let me know by leaving a comment below.

Photo of author
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]
FREE CHECKLIST: IDENTIFY AND AVOID PROBLEMATIC FORECLOSED PROPERTIES BY DOING PROPER DUE DILIGENCE!
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.
Share

Did you miss buying a foreclosed property because it was too late when you saw the listing/ auction schedule?

Here's the solution...

DON'T BE THE LAST TO KNOW!

GET UPDATES FOR FORECLOSED PROPERTIES VIA EMAIL

Join over 100,000 smart real estate investors who receive

updated foreclosed property listings, auction schedules,

and real estate investing tips via email, it's free!

No thanks / Already subscribed
x
We take privacy seriously and we'll never spam you.
Please refer to our Privacy Policy

X
I'm looking for foreclosed properties in...


Looking for an article?
Click here to search the blog
Share