Home » Foreclosed Properties » Nationwide listing of Philmay foreclosed properties updated as of December 31, 2011

Nationwide listing of Philmay foreclosed properties updated as of December 31, 2011

We welcome 2012 with the first listing of foreclosed properties to be featured in ForeclosurePhilippines.com! This listing is from Philmay Properties Inc. (PPI), which contains foreclosed properties for sale that are located in the Metro Manila, Luzon, Visayas, and Mindanao areas, updated as of December 31, 2011.

Prices are negotiable, subject to management approval. Only 10% downpayment is required and the balance is payable from 5 to 10 years. A longer payment term of 15 years is possible but is subject to approval.

Download the complete list of Philmay foreclosed properties

The complete list of Philmay foreclosed properties as of December 30, 2011 is ready for download below in XLS format

PRICELISTS OF MPI & PHILMAY FORECLOSED PROPERTIES FOR SALE AS OF DEC 31, 2011 – XLS

Reminders

1. Prices are negotiable

2. Prices are subject to change without prior notice

3. Philmay reserves the right to amend the terms, conditions, and withdraw/replace anyand all properties anytime for whatever reason Management may deem appropriate

4. All sales shall be on an “as-is, where-is” basis, no waranties and “no recourse” basis. Status and condition of the properties are not comprehensive or complete: Buyers are therefore advised to conduct their own due dilligence prior to submission of an offer to buy

6. Submission of offer to buy is on a first come, best offer basis. PPI reserves the right to conduct private bidding in the event of multiple offers received on the same property subject to the bidding policy of PPI

7. Mere submission of an offer does not construe a right of “first option” by the offeror

8. The creditable withholding tax up to the agreed purchase price shall be for the acocunt of PPI. Any fractional cost or excess shall be for the buyer’s account

9. Prices are not applicable to buyback of the former owners or relatives up to 1st degree of consanguinity. Please confirm with PPI any buyback price

10. All sales transactions are subject to the final approval of the Management of PPI

11. Brokers or agents are not allowed to accept any payment from prospective buyers

12. Taxes and required fees due from buyer must be settled on time during documentation to avoid penalties

For more info

To request for more information, please leave a comment below!

Happy hunting!

~~~

To our success and financial freedom!

Jay Castillo

Real Estate Investor
PRC Real Estate Broker License No. 3194
Blog: https://www.foreclosurephilippines.com
Follow me in Twitter: http://twitter.com/jay_castillo
Find us in Facebook: Foreclosure Investing Philippines Facebook Page

Text by Jay Castillo and Cherry Castillo. Copyright © 2008 – 2012 All rights reserved.

Full disclosure: I am an accredited real estate broker of Philmay Properties Inc.

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About Jay Castillo
People encounter problems and make mistakes when buying foreclosed properties, and Jay wants to help people avoid those problems/ mistakes. Jay encountered a lot of those, which is why he started this blog in 2008 to serve as a guide where he shares lessons learned, and how to overcome challenges you may encounter when investing foreclosed properties in the Philippines … [Read more]
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