I just got this updated listing of BDO foreclosed properties for sale as of July 30, 2012 and this includes foreclosed properties from Metro Manila, Luzon, Visayas, and Mindanao. This list is courtesy of Ms. Mary Jean Reyes, of the BDO Asset Management Group. Thanks again to Ms. Jean for sending us this updated list.
Properties on the list include residential foreclosed properties which include house and lots, condominiums, and vacant lots. It also has commercial foreclosed properties which include commercial properties with improvements, condominium units, and vacant lots. Industrial vacant lots and with improvements are also included on the list.
Minimum downpayment: 30% of the selling price, with the balance payable through bank financing.
Reservation fee: A reservation fee equal to 5% of the selling price is required when submitting an offer. The reservation fee is refundable just in case the offer is disapproved. If the offer is approved, the reservation fee will form part of the downpayment which means only an additional 25% would be needed to complete the 30% downpayment.
Payment term: Up to 5 years to pay
Interest rate: The prevailing interest rate is at 12% per year fixed for the whole payment term of 5 years.
Can buyers get financing from Pag-IBIG or other banks? Yes, they allow loan take-out to Pag-IBIG or other banks, but the buyer must agree to the payment terms of BDO initially and start paying for the corresponding monthly amortizations, while the loan with Pag-IBIG or other banks is being processed. (To compute for monthly amortizations, you can use our mortgage calculator).
Download the complete list of BDO foreclosed properties/repossessed cars for sale
BDO repossessed cars
Aside from foreclosed properties, the listing above also includes more than 300 pre-owned / repossessed cars from BDO.
Who to contact to get more information
To get more information, you may directly contact Ms. Mary Jean V. Reyes of the BDO Asset Management Group through the telephone numbers below.
or you can also visit their office at:
- BDO Asset Management Group / Sales Department – 25/F, Pacific Star Building, Sen. Gil Puyat Ave., corner Makati Avenue, Makati City, Philippines (look for Ms. Jean)
By the way, we apologize for not being able to handle inquiries for the previous list of foreclosed properties from BDO. I just posted that listing last June 5, 2012 and then complications with my wife’s pregnancy started last June 9, 2012.
Anyway, for this listing, you may contact BDO directly, but we would appreciate it if you can mention to Ms. Jean that you got this listing from Jay Castillo (that’s me!) of ForeclosurePhilippines.com. Thank you for the support.
Reminders – Please read
- Sale shall be on “as is where is” basis.
- Prices are subject to change without prior notice.
- All offers are subject to Management approval.
- Interest rates are based on prevailing rate at time of availment.
- Lease offers welcome for all condominium units listed except those under “With Authority to Sell”. Please call for price.
- Where applicable, prices are exclusive of VAT
To our success and financial freedom!
Text by Jay Castillo and Cherry Castillo. Copyright © 2008 – 2012 All rights reserved.
Full disclosure: I am an accredited real estate broker of BDO Asset Management Group and I may receive referral fees (at absolutely no additional cost to the buyer). Thank you in advance for supporting our hard work and this website.
Disclaimer: The properties above are for sale on an “as is where is basis”. All are advised to do the necessary due diligence before entering into a binding commitment financially or otherwise in relation to any of the listings of foreclosed properties for sale that are published in www.foreclosurephilippines.com. Inadvertent misprints shall not alter the factual condition of any property published in www.foreclosurephilippines.com, nor shall they be deemed as misrepresentation.
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