Star Properties will be having another auction of Metro Manila foreclosed properties and bank acquired assets on October 16, 2010, at Max’s Jupiter Branch, Makati City, Philippines. Registration for interested bidders starts at 10:00am and the auction proper will begin at 11:00am.
If you are like me who consistently looks for foreclosed property listings, you might have already seen one of Star Properties’ “teaser” ads published in different newspapers that feature a partial list of the properties up for grabs, just like the ad below, which also states that the full list will be available on September 22, 2010.
Here’s good news, I was already able to get a copy of the complete list. You may download the complete listing below:
If you are interested in any of the properties, please leave a comment below containing the asset code, location, and price of the property. Copies of the title, location maps, and pictures will be sent upon request to help with checking, verification, and to help locate the concerned properties as part of your due diligence.
If you want to bid for a foreclosed property…
Once a property passes your due diligence, and if you want to bid, you only need to bring show money amounting to Php10,000 per property(cash or Manager’s Check) at the day of the auction. If you win the bid, the show money will form part of the downpayment. The payment term for installment payments is 10% minimum downpayment with the balance payable in 5 years at 15% interest rate per annum. Non-winning bidders will have their show money returned to them as they leave the bidding room.
All properties are offered on “As-is, Where-is” basis. Titles of 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.
To our success and financial freedom!
Real Estate Investor
Real Estate Broker License #: 20056
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Text by Jay Castillo and Cherry Castillo. Copyright © 2010 All rights reserved.
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