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BPI Buena Mano Auction Bonanza: Foreclosed Properties Up To 40% Off!

BPI’s Buena Mano Auction Bonanza, a public auction of bank foreclosed properties, shall be held on Thursday, March 12, 2009, at 10:00am. Venue shall be Max’s Restaurant, Glorietta 2 (fronting Park Square 1), Ayala Center, Makati City.

In this public auction, they are selling foreclosed properties at very affordable prices, with easy payment terms and at low interest rates. According to the ad, properties are being sold with minimum bid prices at up to 40% off from current market values. Not bad! Another great opportunity for real estate investors to acquire new real estate investment properties.

Please do take note that properties not sold during the auction will be made available to other buyers at auction price from March 13 to April 13, 2009 on a first come first served basis.

Actually my only concern right now is that during public auctions, bids get pretty high as bidders try to outbid each other just like in the past public auctions held by Unionbank and UCPB, which I attended. Makes me think, do I just wait until after the auction so that I can just submit offers at minimum bid price?

By the way, this public auction of foreclosures is being managed by Century Properties Management, Inc. and I wonder if they will also accept pre-auction or knock-out bids. What are you waiting for? Better call them now to to find out, just in case you are interested in any of the properties in this foreclosure listing.

Download BPI’s listing of foreclosed properties for sale through their Auction Bonanza here!

Please forward to friends or relatives you may know who are interested in buying foreclosures. Don’t forget to subscribe to my mailing list so you won’t miss any new updates, foreclosed property listings, and auction schedules. If your mailbox is getting full, you may also subscribe via RSS reader.

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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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3 thoughts on “BPI Buena Mano Auction Bonanza: Foreclosed Properties Up To 40% Off!”

  1. hi sir.. im looking for a house & lot located in mandaluyong , my budget is 1.0M -1.5M. thank u & more power to your blog site.

    Reply
  2. Sir,

    I would like to know How to get the forclosure properties.
    Do you have an auction properties to be bid? when? where?
    Is there any fees to participate the home auction forclosures
    how much the performance mortgage fee
    how much the bid fees?
    Need more info about the forclosure properties list.

    Salamat at Mabuhay
    Ferdie

    Reply
    • @Fredie, I used to have a list of upcoming public auctions but I haven’t restored it yet after the migration. I’ll put it back soon and I’ll keep you posted. To participate, you will have to have Pph25,000 in show money in the form of cash or manager’s check per property. Mortgage interest is usually 12% for a payment term of 10 years. There are usually no bid fees. Just let me know if you need additional info. Thanks for visiting at Mabuhay ka rin!

      Reply

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Here's the solution...

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