RobinsonsBank shall be having a public auction on March 31, 2009, Tuesday, 10:00 A.M., at the 17/F Galleria Corporate Center, Edsa cor Ortigas Avenue, Quezon City, Philippines.
The properties for sale through public auction consists of 1-Storey row houses located at Southsquare Village, General Trias, Cavite.
10% of the minimum bid price in cash or manager’s check is required to qualify to bid for each property.
All properties are for sale on an “AS IS WHERE IS” basis. Payment terms can be through cash or financing. You may call them up using the numbers listed on the ad to get more details. You may refer to this post to get an idea of what questions you should ask if you are seriously considering buying any of these properties. Since the listing includes very few properties, I suggest you give them a call as soon as possible.
I already checked their website to see if this is also listed online but I found repossessed cars instead.
Happy hunting!
Very Informative! more power.
Hi Anonymous, okay I will do a search for you and reply as soon as possible. I am currently on a road trip up north to Pagudpod, etc. with my family. I’ll reply to you and the rest of the comments asap if I find Wifi hotspots on the way. My 2 last posts were scheduled for auto posting. Thanks for visiting
hi jay i am searching a low cost house and lot.in auction not more than 500.000 pesos the TCP.and if posseble near baclaran or las peneas city.hope that u can help me thanks in advance
Hi Franz, sorry I didn’t know you are based in Davao. Let me check with REBAP if there’s a Davao chapter that maybe offering the review to Davao residents.
As for getting a new loan from another bank to finance another property, yes, the other bank will need to know about all your existing obligations as they would need to compute for your net disposable income. You would need to submit a new set of supporting documents/requirements.
Hi Jay! Regarding your suggestion that I inquire from BPI within 3 years to have my loan refinanced with fixed interest rates, would the other banks know of this transaction? Since I plan to use the extra money from the loan I got from them as downpayment for another foreclosed property I intend to purchase from said other bank? Will the latter need additional financial documents for my loan to be approved or the same supporting papers from the previous loan will still suffice? Thanks!
Thanks Jay for the response! Appreciate it very much. Would you happen to know of provincial review centers for said real estate licensure exams, since I’m based here in Davao City? 🙂
Hi Letty, you’re welcome, and thanks for the kind and encouraging words!
As with regards to the business climate in metro manila when it comes to rentals/flipping, I don’t see it being affected by the global recession, in fact it should even be more viable as long as investment properties are bought wisely at below market values. In these times, more people are looking for cheaper homes and cheaper rentals, and foreclosed properties can provide this. The key is for investors to buy wisely so they can keep prices/rentals low for prospective buyers/tenants, so we can also be of help during these times, while having reasonable returns.
Thanks, Jay, for the info!
I am seriously considering going into real estate for investment purposes. I have been reading your blog and I must say that it is very informative. And you have been very consistent in updating it and providing feedback to comments/questions (of course with well-researched answers). Congrats and more power to you!
Anyway, I have a general question to ask and I will be looking forward to hearing your response: How is the business climate in Metro Manila when it comes to rental properties and fixer-upper? I have seen a lot of new condos being put up as well as new homes being constructed and I am wondering about the prospects of being successful as a landlord or as a flipper?
Thanks!