334 Maybank Foreclosed Properties in June 2020 nationwide listings

Last Updated on by Jay Castillo | Filed under: - 0 Comments


June 2, 2020 – Here’s the latest listings of Maybank foreclosed properties and their property arm, Philmay Property Inc., updated for June 2020. This nationwide list contains a total of 334 foreclosed properties for sale. More details below.

Property listings from Philmay/Maybank are valid for three (3) months from date of release, and may still include properties that are already sold.

Interested buyers are advised to contact Maybank/Philmay directly to confirm property availability, using the contact details below.


View the entire list of Philmay / Maybank foreclosed properties for sale

For easy searching and filtering, you may view the entire list in our “Classifieds Database” below:

==> Click here to view searchable list of PHILMAY / MAYBANK Foreclosed Properties (Database)

Newly foreclosed properties – Offers accepted until June 8, 2020

There are a few (8 in total) “newly foreclosed properties” on the list and acceptance of offers will only be up to June 8, 2020.

==> Click here to view list of newly foreclosed properties


Foreclosed Properties Search (FPS) – Search all foreclosed properties in the Philippines

To quickly search for ALL available foreclosed properties in your preferred location/ village/ subdivision etc., use our Foreclosed Properties Search or FPS tool below.

Step-by-step instructions:

  1. Search by typing keywords (ex. Your preferred subdivision, village, condo, etc) and/or location(s) and click “Search”. To only include properties from Philmay/Maybank, include the keyword “Maybank”.
  2. Use “Advanced Search” to choose preferred price range, lot/floor areas (if data is available), and also to exclude those classified as occupied.
  3. If you want to view all listings regardless of the source, then don’t enter any keywords related to the property source. Example, if you want to find and compare ALL condominiums in Metro Manila, then omit the “philmay” keyword when searching, and then you will find ALL condos in our database, not just those from Philmay/Maybank.

Browse all locations with foreclosed properties by Province/City

You can also browse all locations within the Philippines with foreclosed properties available from ALL banks/lending institutions, grouped by Province/City, on this page:

==> Click to browse all foreclosed property locations

Note: The “Classifieds Database” is a work in progress. If you have comments/suggestions, please do let me know by leaving a comment below.


How to exclude foreclosed properties with illegal occupants

I noticed a significant number of properties that have illegal occupants (more than 100). If you prefer to avoid them (highly recommended), then use the link below which excludes occupied foreclosed properties from search results

==> Click here to view list excluding properties that have illegal occupants

Recommended reading: Why we don’t recommend buying foreclosed properties that are occupied (even if they are cheap)

Payment terms

Based on past listings from Maybank/PPI, here are the payment terms available

  • Cash
  • Installment:
    • 20% minimum downpayment is required.
    • 80% balance shall be payable up to 10 years. Longer payment terms (for example, 15 years) is possible, subject to approval.

Please contact Maybank/PPI directly for confirmation/more details. Contact info can be found below.


Contact info

Telephone:

1. Leslie V. Sevilla – 0998 588 3893
2. Julius P. Antonio – 0998 588 3895

Address: MAYBANK PHILIPPINES INC. / PHILMAY PROPERTY, INC. – 4/F C2 Building, 7th Avenue corner 28th Street, Bonifacio Global City, Taguig City

Reminders

  1. Prices are negotiable
  2. Prices are subject to change without prior notice
  3. Philmay/Maybank reserves the right to amend the terms, conditions, and withdraw/replace any and all properties anytime for whatever reason Management may deem appropriate
  4. All sales shall be on an “as-is, where-is” basis, no warranties and “no recourse” basis. Status and condition of the properties are not comprehensive or complete: Buyers are therefore advised to conduct their own due diligence prior to submission of an offer to buy
  5. The property list is effective for three (3) months from date of release and may reflect properties already sold. Please confirm availability of property from PPI and look for Mr. Leslie Sevilla (0998-588-3892) or Mr. Julius Antonio (0998-588-3895).
  6. Submission of offer to buy is on a first come, best offer basis. Philmay/Maybank reserves the right to conduct private bidding in the event of multiple offers received on the same property subject to the bidding policy of Philmay/Maybank
  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 account of Philmay/Maybank. 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 Philmay/Maybank any buyback price
  10. Brokers or agents are not allowed to accept any payment from prospective buyers
  11. Taxes and required fees due from buyer must be settled on time during documentation to avoid penalties

Important Notes:

  • Sale is on “as-is, where-is” basis, no warranties and “no recourse” basis.
  • Status and condition of the properties are not comprehensive or complete: Buyers are therefore advised to conduct their own due diligence prior to submission of an offer to buy.
  • Buyers shall cause the relocation survey of the properties to determine its exact location/boundaries.
  • Buyers shall assume the ejectment of the squatters/occupants/lessees/former owners, if any, on the subject property and its attendant cost.
  • Buyers shall shoulder the acquisition of right-of-way for the subject property, if property is landlocked (no right-of-way).
  • The buyers shall be responsible in obtaining from the Department of Agrarian Reform the clearance/exemption of the subject property from the coverage of the Comprehensive Agrarian Reform Program. The expenses in obtaining said clearance/exemption shall be for the account of the buyer. The seller shall not be liable to the buyer if such exemption is not obtained.

Source: Leslie V. Sevilla – Sales and Marketing Officer, PPI-Group Finance

Happy hunting!



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