BFS Foreclosed Properties: December 2021 Nationwide Listing (994 for negotiated sale) • ForeclosurePhilippines.com

Q: 7. What does “as is, where is” mean? What are the ramifications of this?

The term “ as-is-where-is ” gives notice to buyers that Balikatan does not give any representation or warranty as to the quality of the property. The buyer is free to inspect it before purchase; but if any defects are discovered after purchase, the buyer has no recourse against Balikatan.

A total of 994 BFS foreclosed properties are available for negotiated sale in the December 2021 nationwide list. This comes directly from Bahay Financial Services (BFS). Complete listing and details below.

BFS listing updates summary for November 2021:

There are 17 newly listed properties which I added to my foreclosed real estate database for easier searching/filtering. (Pictures and vicinity maps shall be added when they become available).
I removed 24 properties from the list and these were sold/no longer for sale.
In total, 994 BFS foreclosed properties are available as of December 17, 2021.
This update supersedes all previous listings from BFS.

~Jay Castillo

Reminder

Please take note that a significant number of properties are “Occupied”, and we don’t recommend buying occupied properties even if they are cheap). Please refer to FAQ#10 below for more details.

View all BFS foreclosed properties (database)

To view all foreclosed properties from BFS in our database (for easy searching/filtering), click on the button below:

VIEW ALL BFS PROPERTIES IN SEARCHABLE DATABASE

==> Click to view ALL BFS Foreclosed Properties (with pictures and vicinity maps)

Search for more foreclosed properties

Wait, there’s more! You can also search from our database that includes other banks and institutions that have foreclosed properties for sale.

Foreclosed properties database

To quickly search for all available foreclosed properties that include other banks/ institutions, visit our Foreclosed Properties Database linked below:

SEARCH FORECLOSED PROPERTIES DATABASE

==> Click for foreclosed properties database

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:

BROWSE ALL LOCATIONS WITH FORECLOSED PROPERTIES

==> 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.

Big discounts for BFS foreclosed properties are available!

To get the best deals, here are some very important reminders from BFS:

-> SPOT CASH BUYERS GET THE BIGGEST DISCOUNTS!

-> Discounts from 5% up to 40%+++!

-> UP TO Php 500K PRICE DROP on some properties!

=> Don’t forget to tell BFS that you learned about them from ForeclosurePhilippines.com to get the best deals!

How to buy BFS foreclosed properties

Here’s a step-by-step guide for buying BFS foreclosed properties:

Source: BFS Facebook page

BFS Telephone Numbers

To inquire, please call BFS directly and get ready with your target property’s account number.

BFS Trunkline (Taguig Head Office): (02) 7750-3888
BFS Davao Office: +6382 221-0809

BFS Office Addresses

You may also visit BFS offices at the following locations:

Bonifacio Global City (Head Office)
22^nd Floor, A.T. Yuchengco Center (formerly RCBC Savings Bank Corporate Center)
25^th and 26^th Streets, Bonifacio Global City, Bonifacio Global South,
Taguig, Philippines

Davao Office
Unit 301, Plaza de Luisa
Ramon Magsaysay Avenue
Davao City, Davao, Philippines 1634
Telephone: +6382 221-0809

Found a property for sale from 3rd parties that comes from a listing of BFS foreclosed properties? Here’s my advice

I have been receiving a lot of questions about properties for sale from 3rd parties that are actually from BFS. If you encounter something similar, you should read the article below to avoid becoming a victim of a foreclosed property scam:

How To Identify and Avoid Foreclosed Property Scams

Learn More

Frequently Asked Questions (FAQ)

Here’s a compilation of frequently asked questions about BFS foreclosed properties. Click a question to view the answer:

BFS’ pre-owned properties are located nationwide, from Metro Manila to the provinces of Bataan, Bulacan, Cavite, Camarines Norte, Davao, Laguna, Pampanga, Quezon, Rizal and Tarlac. Please log onto www.bfs.com.ph/property for a complete listing of BFS properties.

Note: BFS also sends their updated listings to me regularly, which I share here at ForeclosurePhilippines.com ~Jay Castillo

Pre-owned properties are an attractive alternative for entry-level buyers, as opposed to purchasing new homes or building from scratch. House and lots sell for as low as P110,000. Most BFS properties are located in developed subdivisions located in Metro Manila, Cavite, Laguna, Bulacan, and Rizal with access to paved roads and commercial centers.

BFS sells rights to the pre-owned property. The pre-owned property may still go through the one-year Redemption Period that allows the Original Borrower to redeem the property. If the Original Borrower redeems the property, the buyer gets a full refund minus service fees for the time the Buyer was in possession of the property prior to redemption.

Contact BFS Property Sales to find out if your broker is legitimate or accredited.

The release of titles is dependent on the processing of documents by government offices such as the courts, the Bureau of Internal Revenue, and the Registry of Deed. BFS works with these government offices to facilitate the transfer of the titles to the buyers’ names, but cannot commit a definite date.

Yes, once the title to the property is consolidated to the name of Balikatan, a buyer may opt to process consolidation of the title to his/her name upon signing a Deed of Undertaking.

The term “as-is-where-is” gives notice to buyers that Balikatan does not give any representation or warranty as to the quality of the property. The buyer is free to inspect it before purchase; but if any defects are discovered after purchase, the buyer has no recourse against Balikatan.

For Property After Sales Service (PASS) concerns, please e-mail info@www.bfs.com.ph with your Account number, Buyer’s name, and property address. Our PASS Customer Service Representative shall get in touch with you within 48 hours.

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

Yes, you can still buy occupied properties, but in my opinion, you should avoid them even if they are cheap, and I explained this in the following article: https://www.foreclosurephilippines.com/dont-buy-occupied-foreclosed-properties/

Note: FAQ #1 to #8 are from the BFS FAQ Page, but since a lot of you have been asking, I added FAQ #9 and #10. If you have other questions, please let us know by leaving a comment below. ~ Jay Castillo

Disclaimer and disclosure:

* Offer prices subject to change without prior notice.

** BFS does not make any representations with respect to these properties. We encourage you to make an ocular inspection of the property – these, or the creditor’s rights over these, are sold “As is, Where is” and the pictures contained herein may vary from the actual condition of the property.

*** Some of these properties may still be subject to redemption. In case of redemption, you will be reimbursed from the redemption proceeds.

**** These Properties may still be subject to a transaction or proceeding, which necessarily involves government agencies. BFS has no control over, and makes no representation with respect to the time it will take for concerned government agencies to process and release the necessary documents and clearances.

*****All taxes are the responsibility of the Buyer.