1,161 BFS Foreclosed Properties in May 2021 Nationwide Listing

Last Updated on May 12, 2021 by Jay Castillo | Filed under: Foreclosed Properties - 96 Comments



May 11, 2021 – 1,161 BFS foreclosed properties available for negotiated sale in nationwide list. This update comes directly from Bahay Financial Services (BFS). Complete listing below.


BFS listing updates for May 2021:

Here’s a summary of updates for this month from BFS:

Note: I was informed that some BFS properties with an “Unoccupied” status actually had illegal occupants (very similar to Pag-IBIG foreclosed properties that have been for sale for a long time). Please keep this in mind. Hopefully, BFS will inspect all their properties soon so that they can update the occupancy status if needed.

View all BFS foreclosed properties (database)

To view all BFS foreclosed properties 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)


Foreclosed Properties Search (FPS) – Search all foreclosed properties in the Philippines

To quickly search for ALL available foreclosed properties in your preferred location/ village/ subdivision etc., use our Foreclosed Properties Search or FPS tool below.

Advanced Search SEARCH

Step-by-step instructions:

  1. Search by typing keywords (ex. Your preferred subdivision, village, condo, etc) and/or location(s) and click “Search”.
  2. Use “Advanced Search” to choose preferred price range, lot/floor areas (if data is available), and also to exclude those classified as occupied.
  3. If you want to view all listings regardless of the source, then don’t enter any keywords related to the property source. Example, if you want to find and compare ALL foreclosed properties then omit the “bfs” keyword when searching, and then you will find ALL properties in our database, not just those from BFS.
  4. To exclude occupied properties in the database, click here to view a tutorial

Browse 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, grouped by Province/City, on this page:

BROWSE ALL LOCATIONS WITH FORECLOSED PROPERTIES

==> Click to browse all foreclosed property locations

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


Past BFS listings archive

Click to view past listings from BFS

Big discounts are available!

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 foreclosed properties from BFS

Here’s a step-by-step guide from BFS:

Source: BFS Facebook page

Contact details

Note: Due to the huge number of inquiries for the properties from BFS, getting a response may take awhile. Check out the following article for tips on how to get property details:


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

  • BFS Trunkline:  (02) 7750-3888

You may visit BFS offices at the following locations:

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

 

P.S. – Don’t forget to subscribe to email alerts to get notified of updated listings.

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.



Frequently Asked Questions (FAQ)

Click each question to view answer:

1. Where are BFS’ pre-owned properties located?
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.

2. What are the benefits of buying pre-owned?
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.

3. What makes the Redemption Period important for pre-owned properties? What happens if the property I bought is redeemed?
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.

4. How do I know which brokers are accredited by BFS or are legitimate?
Contact BFS Property Sales to find out if your broker is legitimate or accredited.

5. When can I get my title? Why does TCT delivery take time?
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.

6. Do you allow the property buyers to handle the transfer of TCTs to their name?
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.

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.

8. Who do I call to follow-up on the status of my purchased property?
For Property After Sales Service (PASS) concerns, please e-mail [email protected] with your Account number, Buyer’s name, and property address. Our PASS Customer Service Representative shall get in touch with you within 48 hours.

Source: BFS FAQ Page

Additional questions

9. Can I get Pag-IBIG financing for BFS foreclosed properties?
It depends on the status of the property. Most of the time, Pag-IBIG financing is not possible (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

If you have other questions, please let us know by leaving a comment below.

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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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