Properties On View is a listing of foreclosed properties being offered for negotiated sale by Star Properties Inc. and features hundreds of foreclosed properties from the Greater Manila Area (GMA) and the Luzon Area. I got this when I visited the recently concluded 3rd Philippine Real Estate Festival and I am posting the listing here for the benefit of those who were not able to attend the event.
This foreclosed property listing includes residential, commercial, agricultural, mixed-use, and even memorial lots.
GMA properties include those from Antipolo, Caloocan, Las Pinas, Malabon, Makati, Mandaluyong, Marikina, Paranaque, Pasay, Pasig, Quezon City, Rizal, San Juan, and Valenzuela.
Luzon properties include those from Albay, Baguio, Bataan, Batangas, Bulacan, Cavite, Isabela, Laguna, La Union, Nueva Ecija, Nueva Vizcaya, Pampanga, Pangasinan, Quezon Province, Quirino, Tarlac, and Zambales.
The listing includes the following disclaimer:
All properties are offered in an “As-is, Where-is” basis. Titles of the properties are either under Seller’s name or under various stages of consolidation in the Seller’s name. Interested parties are therefore advised to check the title, the physical and legal condition of the property. Property details, prices, and terms are subject to change without prior notice. The Seller reserves the right to pull-out any property anytime. Changes in prices are subject to the sole discretion of the seller.
I have gone over the listing quickly and found what seem to be very promising residential properties in Quezon City and Makati based on their relatively low prices. However, I have yet to check the physical and legal conditions of the properties so I really can’t say that they really are good deals. Remember, don’t ever consider buying a foreclosed property without doing all the necessary due diligence as described in the disclaimer above.
Click here to download Properties On View from Star Properties Inc. (Source: Star Properties booth, Philippine Real Estate Festival)
To our financial freedom!
Real Estate Investor
Social Network: http://foreclosurephilippines.ning.com
P.S. – I wish I was able to post this sooner but I have been having problems with my website hosting lately and this prevented me from uploading big files such as this listing. I’m just glad things appear to be back to normal.
Text by Jay Castillo. Copyright © 2009 All rights reserved.
27 thoughts on “Foreclosed Properties On View from Star Properties Inc.”
Hi Ms Nadia,
is this still active? if so im interested in page 09 pampanga residenstial in San agustin,Teacher village,theres a 7 lots available as per posted..can you give me a feed back regarding this properties?
thank you,you can email me :firstname.lastname@example.org
Newie po on foreclosed property. What is the usual term of payment offered once you win the bidding. Pls send thru my email
good day sir jay, your website is very informative and its an avenue of thoughts. Sir, im an ofw from saudi arabia I just want to know if you had some idea of purchasing foreclosed property by loans of the same bank. What i mean if I won the bid and the bank required a downpayment, I dont have that millions or thousands in cash but I can guarantee if its loanable then I can pay more than a million. Because frankly speaking sir, I dont have cash but I have the capacity to pay on time without any delay. Thanks sir jay
Hi Nel, thanks for the kind words. Usually banks really require the downpayment and they can only allow financing for the 80% or 90% balance. If you lack funds for the downpayment, one option would be to get funding from other sources like other investors or partners. However, I can’t give any advice on this at the moment as I have not yet done any deals that included investors that helped finance the downpayment.
im keeping on track on your blogs while seeking for a best property in cebu city.
but why is it that its just to rare in our area?
Usually I come across less Visayas foreclosed property listings and I suspect that the banks selling them focus their advertisements on the area where these properties are located. Lately however, I have seen several listing that include properties from Cebu. Please do check them out!
Sir Jay, kindly post available foreclosed properties in Davao City. I intend to purchase properties there.
Thanks for providing us the latest lists of Star Properties.
We appreciate your kind effort.
Hi Bong, once I get any new listings from Star that contain and properties from Davao, I will surely post it here. I guess Nadia can also help us with this. You’re welcome and thank you also for being a regular visitor!
Pls notify me thru my email ad or at my sun cel# 09225255623. Thank You in advance. Hope we can close the deal.
Good am Nadia! I made a bid for a Star foreclosed properties in Davao City included in 2nd Offering of Star last July 11,2009. I talked withy Ms. Dianne Uy but I was disappointed that she has given concrete reply regarding my bid. Is it possible that I will seek your assistance to take care of my bid. I am sending the complete data of the 2 properties and my bid:
1. SB 645 35 San Jose st. Skyline Subd. Catalunan Grande, davao city. My bid 350,000.00
2. SB 647 LOt 7605-F balusong 3, SM village ext. Bangkal, davao city. My bid 350,000.00.
I was informed that SB 647 Balusong 3 property has no impedimemt on the title, but SB 645 Skyline Subd. has an
impediment. Kindly confirmed the 2 properties if the title is clean and has no impediments.
Thank you and hope to hear from you soonest. I’m going to
Davao this Aug19 and would be glad to visit said properties
if everything is ok.
RAMONITO A. DELA FUENTE
My email ad: email@example.com
Apologies for not being able to get back to you the quickest time. Here are the properties that you inquired about:
35 San Jose St. Skyline Subd., Catalunan Grande, Davao City
Davao Residential T-37683 300.00 660,000
Lot 7605-F Balusong 3, SM Village Ext., Bangkal, Davao City
Davao Vacant lot Residential T-180873 2,109.00 665,000
You bid for SB 647 only and you haven’t made any bid for SB 645. Your bid was almost half on the minimum bid price. It was then suggested to improve your bid on the property SB-647 since the property has no pending impediments. From what I know, Star properties give higher discounts to properties that still have lis pendens but that is not the case for SB-647.
There are instances too wherein prices can be slightly negotiable if you are a cash buyer.
Since you are going to Davao on the 19th, I strongly suggest for you to please check the properties first before bidding. Properties are on as in where is basis. Once your bid is approved, you can’t back out that easily when you discover the “not so good side” of the properties especially the location.
The immediate next steps are:
1. Check the property first. Be really sure if the property is suitable for your needs.
2. Try to ask for the prices of the properties around the location. This is to determine how much you will be bid that Star Properties will actually accept.
3. Submit another offer to buy with the new price.
Let me know if you have any questions
Very insightful! Thanks Nadia!
Hello ALL –
I am an accredited broker for Star Properties and will be glad to assist you for any of your inquiries about the foreclosed properties.
Mixed-use means that the property can either be for residential or commercial or agricultural purposes.
Thanks! and More power!
Hi Nadia, I’m glad to know you are an accredited broker of Star Properties. Can you also handle the resale of properties? For example, I buy a foreclosed property from Star Properties with you as my broker, then I renovate the property, then you act as my broker to sell the renovated property and earn commissions as my selling broker. As an investor, I give my brokers the first crack at selling a property I have renovated and I give at least 6% commission. Interested?
By the way, thank you also for answering Lyn’s question and for dropping by!
Wow! That is actually a good offer! Sure, I’d be really glad to work with on providing you the details that you need on Star Properties and help you resell the property.
More power to your website!
Thanks for the idea of having a broker from Star… Now we know who to contact.:)
God bless guys!
Hey Nadia there seem to be something wrong with your email address above as I sent you an email but it came back undelivered (email account do not exist). Anyway, I wanted to ask about property #SB217-Arayat,Pampanga. Can you give me any details about it. I’m here in Kuwait at isa ako sa mga ofw na nangangarap magkaroon ng kapirasong lupa na pwedeng pagtamnan ng pangarap na masaganang retirement pagdating ng panahon na matuyo na ang langis dito sa middle east! hehehehhe.. Salamat at more power to all!
I’ve inquired about the Arayat Property. Apparently, it is still not included in the database and we still need to request more details about it. Can you please text me your email address so that I can provide you more details as soon as it becomes available?
Totoo iyon…maganda talaga kung may sariling lupa at paghandaan ang retirement.
Thanks so much,
I inquired about the Tarlac Property through your email but I think you didnt recieve it.
Anyhow, I would like to ask if there are building included in it and how is the condition?
Asset ID is SB-241. Thanks! 🙂
Hi! First of all, thanks for posting.
I saw a property in Tarlac and it says MIXED-USE.
What does it mean? Thanks alot.
You’re welcome Lyn. As Nadia mentioned in her comment below, mixed-use means that the property is currently being utilized for residential, commercial, or agricultural purposes.
Thank you Jay… Another great info… keep on coming…
You’re welcome Earth!
Just dropping to say Hi!
sarap bumili kung may pera na sana…
ay sadyang tunay kabayan! umulan sana ng pera!
Hi pinoytaxation, yup lalu na if you spot a good deal, sarap talaga bumili and the key is to be ready so I would suggest to start saving immediately. I hope my recently published articles on how to manage finances and start saving will be of help. Part 1 and Part 2are now accessible. Part 3 which contains the action items will be published latest by Monday, August 17.