After attending a Sales “Town Hall” meeting for real estate brokers organized by a big bank, I decided to resume selling foreclosed properties as a licensed real estate broker. This is our new venture, and I want to share details and why I believe the timing is right.
Why I stopped – and Why I’m Back
Of course, I did not jump back into being active as a real estate broker lightly. Years ago, I walked away from brokerage for specific reasons – if you want the full story, I wrote about it here: why I quit real estate brokerage.
The short version:
Brokerage demands a full-time team, constant legwork, and it was so stressful. I was becoming a bottleneck – while my health, family, and a bigger goal (buying foreclosed properties) were taking a hit.
And as someone who advocates smarter investing, I couldn’t in good conscience just push buyers toward properties that weren’t good deals without giving my honest advice… and this really felt awkward at times.
True enough, after I said goodbye to brokerage, I bought two properties, my health improved, and our baby project was a success!
What changed?
I now have the database infrastructure, AI-assisted workflows (it really is like having an assistant that works 24×7!), and a clearer operational structure that makes it all possible – without burning out or becoming a bottleneck again.
What hasn’t changed?
My commitment to honest advice – even when it means telling a buyer that a property isn’t a good deal. But I can foresee my honest advice will still discourage some buyers. I guess that will never change.
What This New Venture Actually Looks Like
This isn’t just me resuming selling foreclosed properties as a licensed real estate broker. The plan is to combine my foreclosed properties database – which currently holds 40,000+ listings from banks and government institutions – with AI-assisted listing management on the back-end.
This will allow me to help buyers faster and more accurately than before.
If you’re looking for foreclosed properties, I can help you with that! If you want guidance from someone who has been tracking this market since 2008, I can also do that.
Where AI Actually Helps (and Where It Doesn’t)
Let me be specific, I’ve seen many real estate websites deploy AI carelessly and produce garbage output, mismatched info compared to what’s actually on their listings, and hallucinated answers (which they acknowledge when corrected… they admit they are wrong!).
I’m not doing any of that.
What AI genuinely helps me with is the tedious back-end work: Comparing listing data across sources (ex. matching updated pdf files with outdated website data t get pictures, additional details), grouping properties by location, cleaning up inconsistencies with cities/provinces, and flagging duplicate/incorrect data before anything gets uploaded to my database.
Recently, I processed a batch of over 700 properties. The old way – manual sorting, cross-referencing, working with excel formulas, and manually matching listings would have taken two to five days. With AI assistance, I completed the same work in about four hours.
That said, I still manually verify the output before anything goes live. AI is fast, but it is not 100% accurate, and in real estate, an error in a listing is not a minor inconvenience.
Human review is essential and I will always have it in place.
Why Fresh Data Matters More Than You Think
Here’s one thing a lot of buyers don’t realize: what’s publicly visible online is rarely the most current picture.
Foreclosed properties get sold faster than websites get updated, and by the time you inquire on something you found yourself, it may already be gone.
Case in point: I used to sync my database with data from a big bank’s website (around 1,500 listings). I started to notice a pattern: several subscribers reported that when they inquired directly (this was before I resumed brokerage) many of their target listings turned out to be already sold.
Sure enough, after digging into more updated sources as an accredited broker, the actual available list has shrunk to about 700+ (in addition, some actually belonged to a separate list).
Working with a broker who has access to more updated sources gives you a significant advantage.
One more thing, for properties within my area of focus, I actually inspect them and share information to you. It’s like having “Boots on the ground”. You won’t get that info fresher than that!
Why a Real Human Real Estate Broker/Investor Still Matters
Even with a searchable database of thousands of listings, I noticed buyers consistently reach out to ask for my help.
They already found the property they want, but they still want someone to walk them through the process, and help them avoid costly mistakes.
It’s obvious that people need help from someone who is knowledgeable with foreclosed properties – and if I’m going to provide that guidance anyway, I might as well do it as a real estate broker professional.
In other words, listings are not enough!
I am a PRC-licensed real estate broker with actual buying/selling experience, and this is how I will fill this gap.
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A Word on Buying/Selling/Keeping Foreclosed Properties
From 2008 to present, I’ve personally been involved in buying, selling, and keeping foreclosed properties – not just as a broker, but as an investor. I’ve flipped more than ten properties (roughly one per year between 2008 and 2018), facilitated over a hundred transactions as a broker. I even kept one as our primary residence. I understand the process from all angles, not just theory.
That said, I’ve noticed a lot of first-time buyers end up making costly mistakes — many of which I’ve documented here:
Watch Video in YouTube: https://www.youtube.com/watch?v=GKNRmWqUA6E
This is where working with a broker who has been on all sides of the table gives comes in handy. I’ll share my honest advice so you can avoid the most common mistakes (including those not mentioned in the video), even if that honesty can get a little awkward sometimes, as I mentioned earlier.
What’s Next
There’s still a lot of work to do, but I just wanted to put this out there.
I already tested and I was able to handle a list with 60 properties for bidding. The next step is trying something bigger.
Hint: I now handle this list with 700+ foreclosed properties: Featured Bank Foreclosed Properties For Sale (June 2026).
If I cannot handle it, I will either get partner real estate brokers/real estate salespersons or I’ll shorten the list by focusing on certain properties/locations. Or I can do both.
If you want to stay updated with new listings I will handle as a real estate broker, click here to subscribe via email.
To everyone who has supported ForeclosurePhilippines.com through the years – thank you!
I’m so excited with this next chapter, and I hope you can join us.
Happy investing!
P.S. For listings I DO NOT HANDLE as a broker, things stay the same, you should contact the person-in-charge DIRECTLY as stated in the listing. Obviously, if a listing does not allow real estate brokers (ex. Pag-IBIG, SSS, GSIS). you should transact with them DIRECTLY!
