ForeclosurePhilippines.com To Be Acquired For USD7.93 Million (Updated)

Last Updated on by Jay Castillo | Filed under: - 35 Comments

After thinking about this for more than a year, I believe it’s time. This opportunity was first brought to our attention last March 2013, and with recent updates, I just couldn’t ignore it anymore. With all the hard work we put into the blog and the database, this might just be the best time move-on.


It was a hard and painful decision, but the numbers just made sense, and I believe anyone in the same position would agree and grab the opportunity. With that said, and with a heavy heart, we have decided to sell ForeclosurePhilippines.com for USD7.93 Million (about PHP 352.885 Million @ PHP44.50/USD) as indicated on the website valuation below.

foreclosurephilippines.com website valuation as of April 1 2014
ForeclosurePhilippines.com website valuation as of April 1, 2014 (click to enlarge)

 

Let me make it clear that unlike many other website acquisitions, Foreclosurephilippines.com is here to stay, and you can rest assured that the website will continue to give you updated listings of foreclosed properties (through the blog and our foreclosed real estate database), and more real estate investing tips.

In addition, we will be launching our members area very soon. This will include online training modules on how to buy and sell foreclosed properties, and other premium content exclusive for members.

Thank you everyone!

Thanks again everyone, it has was an awesome run, and we thank each and everyone of you who have been with us through thick and thin in our journey through the years.

It’s been an honor and a pleasure serving you all, and we wish you all the best!

Update as of April 1, 2014, 3:23pm (Additional information)

Due to the nature of this announcement, I cannot give more details at the moment. However, because of the many reactions we have received from a lot of people out there, we are releasing more information, which should make things clearer for everyone. Access the additional info below:

Show additional info...
Happy April Fools Day! 🙂 

~~~

Happy Investing!

Jay Castillo

Real Estate Investor
PRC Real Estate Broker License No. 3194 
Blog: https://www.foreclosurephilippines.com
Connect with us – Subscribe | Facebook |Twitter | Google +

Text by Jay Castillo and Cherry Castillo. Copyright © 2008 – 2014 All rights reserved.

P.S. Happy April 1 everyone … wink wink! 😉



FREE CHECKLIST: IDENTIFY AND AVOID PROBLEMATIC FORECLOSED PROPERTIES BY DOING PROPER DUE DILIGENCE!

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.



Related Posts

Jay Castillo

A lot of people encounter problems and challenges when buying real estate like foreclosed properties. I encountered a lot of challenges myself, which is why I started this blog in 2008 to serve as a guide where I share lessons learned, and how to overcome challenges with real estate investing in the Philippines … [Read more]
Close Menu