A global consulting firm has made available their listings which contains more than 4,300 foreclosed properties located all over the Philippines. These properties are for negotiated sale, which means prices are negotiable.
Included in this post are two listings in excel format. The first listing includes the bulk of the foreclosed properties, while a separate listing contains fewer foreclosed properties, from another entity which is also being handled by the same consulting firm. More details after the jump.
Download the listings of foreclosed properties
The first and obviously bigger listing below has a worksheet that has been classified as “clean”, which means properties have no pending cases or any “lis pendens”, the seller has possession of the properties, and the titles (TCT’s/CCT’s) are all consolidated (in the name of the seller).
The other worksheet named “All Unsold” contains all of the foreclosed properties, including those classified as “clean” as described above, combined with other foreclosed properties with pending issues.
A separate listing contains fewer foreclosed properties, all of which have been classified as “clean” can also be downloaded below.
- Metro Manila, Luzon, Visayas, and Mindanao Foreclosed Properties listing
- LNC Foreclosed Properties Listing
Reminder: Although some of the properties on the listings above have been classified as “clean”, it does not mean you no longer have to do your due diligence. Don’t ever make this mistake.
Payment terms are a bit steep as they require a minimum of 30% downpayment, with the balance payable in 3 to 5 years, at 15% interest per annum.
Cash buyers can avail from 1 to 6 months payment term at zero interest, subject to management approval.
How to inquire
To inquire about any of the foreclosed properties on the list, kindly contact Beth Elizan of FTI CONSULTING through the following numbers
- +632 864 0991 local 119
- +63 917 582 0058
Reminders – Please read!
“SALE OF PROPERTIES IS ON ” AS-IS- WHERE-IS ” BASIS. The Seller makes no warranty as to the boundaries, technical description of the properties and their legal condition such as, the existence of any claims, suits or actions involving the same.
The BUYER shall be responsible to conduct “due diligence” on the physical and legal condition of the properties after having visited the same and examining the documents evidencing the SELLER’s right thereto.
For properties without physical possession yet, it is understood that buyer shall take care of it.
Misprints in the list may occur, please verify the data by calling.
The SELLER has the right to withdraw any of the properties in the list, and may CHANGE the LISTED PRICE without prior notice.
The SELLER has the right to approve and disapprove all offers to buy.”
To our success and financial freedom!
Real Estate Investor
PRC Real Estate Broker License No. 3194
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Text by Jay Castillo and Cherry Castillo. Copyright © 2008 – 2012 All rights reserved.
Full disclosure: Nothing to disclose.
Photo credit: woodleywonderworks, on Flickr
FREE CHECKLIST: IDENTIFY AND AVOID PROBLEMATIC FORECLOSED PROPERTIES BY DOING PROPER DUE DILIGENCE!