When we started buying and selling foreclosed properties, we learned that it can get quite complicated. Worse, it can actually become problematic, very costly, and full of regrets. Because of this, we decided to share what we learned to help people avoid the common problems and mistakes related to foreclosed properties in the Philippines.
We document our experiences and lessons learned from the foreclosed properties we purchased, and also the real estate transactions of our friends and clients (when we were still active real estate brokers) where we were involved as partners and/or brokers.
Jay Castillo
Hi, I’m Jay Castillo. I experienced a lot of challenges when I started with foreclosed property investing. Thanks to mentors, friends, and a lot of patience, I was able to overcome most of those challenges.
Because of real estate, I was able to quit my job from the corporate world (I was an I.T. professional back then).
The journey continues, and through this blog, I’ll share the lessons I have learned along the way.
How I got started
Here’s a short video of how I got started with investing in foreclosed properties (and my first foreclosed property purchase):
~~~
Why I got started with foreclosed real estate investing
I was an Information Technology professional before I decided to go full-time with real estate investing and internet marketing.
Way back in 2006, a year after reading the book “Rich Dad Poor Dad” by Robert Kiyosaki, I wanted to quit my job. However, it took me 4 more years before I actually did. I decided to get out of the rat race when I suddenly realized that my job was literally killing me. At such an early age, I was diagnosed with hypertension with no underlying reason. I believe it was caused by severe stress from my work.
Recommended reading: How I Started With Real Estate Investing (And Retired From Being An Employee)
I was an I.T. Manager back then, but by default, I was also the Oracle Database administrator/developer, Information Security Manager/Network Specialist/Server administrator, and Helpdesk Staff (we lacked manpower pretty bad, and this actually lasted for more than 3 years).
This image from richgrad.com best describes how I felt back in the rat race!
With the scenario above, is it any wonder why I wanted to get out of the rat race?! At the back of my mind, I knew that there was more to life than just being an employee that was grossly overworked… for what?! This sustained my passion and desire to venture into real estate investing, and later into internet marketing.
My real estate broker credentials
I reviewed for and passed the November 2007 Real Estate Brokers Exam which was still under the Department of Trade and Industry (DTI) back then. My DTI Real Estate Broker License # is REB-NCR20056(N)-08.
As of March 29, 2011, my application for registration without examination has been approved by the PRBRES and I am now a PRC licensed real estate broker with Real Estate Broker License No. 3194.
To verify that I am a PRC licensed real estate broker, you may use the following procedure:
- Visit the “Verification of Professional Licenses” page at PRC’s website: https://online.prc.gov.ph/Verification
- Use the “Search by name” option
- From the list in the “Profession” box, select REAL ESTATE BROKER
- On the “First Name” box, enter JOSE DIONISIO
- On the “Last Name” box, enter CASTILLO
- Click on the orange “Verify” button
- The verification result will be displayed
You should see something like this:
Tip: You can also use the same procedure above to verify the license of other real estate brokers!
I started this blog last October 31, 2008
When I started this blog, I was more focused on acquiring investment properties that generate passive income through foreclosed real estate investing. My goal then was to surpass my passive income goal before the end of 2009, and then I shall “retire” from active employment and go full-time with my advocacy.
This was exactly what I did, although it came a bit late. I was only able to “retire” from active employment by the end of January 2010. I was late by about a month but I don’t mind that one bit!
Now I’m more active as a real estate broker, although I’m still on the lookout for good deals and opportunities.
I’m currently focusing on buying foreclosed properties for myself, which means I have stopped with brokering properties for now.
The journey continues…
Financial Literacy
I advocate financial literacy as a means to a worthwhile end: becoming financially free!
After one becomes financially literate, the next logical step would be to find other income streams, ideally, the passive ones.
Obviously, one way to do this would be through investing in foreclosed properties in the Philippines.
Why bother to become financially free? To live life to the fullest! Ask yourself, what would you do if money was no longer an issue? Think about it!
Real estate investing for real in the Philippine setting
Another advocacy of mine is to help fellow beginning or newbie real estate investors to succeed with real estate investing here in the Philippines. I do this by sharing what I have learned based on actual experience.
My Goal
In a nutshell, my mission is to be financially free with the ultimate purpose of helping people and my community. My goal is to make a positive difference in the lives of people around me, no matter how small that may be.
The only way I can do this is to share the lessons I myself have learned in my journey to financial freedom. After all, one cannot give what he does not have. I hope to help as much people as I can who are in the same journey.
My Vision
In the perfect world that I envision, I can see a lot of people who are truly rich and financially free. Would you want to be part of that world?
Cherry Castillo
Atty. Cherry Vi M. Saldua-Castillo
Cherry handles the legal aspects and taxation of our real estate transactions. She combines her vast experience gained during her stay at SGV & Co. and expertise from more than a decade of hands-on real estate experience.
She is a Licensed Real Estate Broker (PRC Real Estate Broker License No. 3187) who placed 4th in the March 2011 Real Estate Brokers Licensure Exam. She’s also a Licensed Real Estate Appraiser (PRC Real Estate Appraiser License No. 6918) who placed 8th in the August 2015 Real Estate Appraisers Licensure Exam.
She’s also a CPA-Lawyer (Roll of Attorneys No. 55239, PRC CPA License No. 0102054).
She is the president of the Real Estate Brokers Association of the Philippines, Inc.-Las Pinas, Muntinlupa, and Paranaque Chapter (REBAP-LMP) for 2021-2022. She was awarded “Most Outstanding Chapter President” for 2021.
About the blog
I started this blog as a tool to help me in my real estate investing activities. In this blog, I have all my foreclosed property listings and important websites online, so I have no more clutter and lost clippings of foreclosed properties at home. Old listings are archived and can be accessed as needed … Click here to learn more how the blog started…
Why did I choose the domain foreclosurephilippines.com?
I often get the question “Why foreclosurephilippines.com”? It sounds too negative! It’s like I want to foreclose the whole Philippines. This of course is not true.
I simply chose the domain foreclosurephilippines.com for search engine optimization (SEO) purposes. A lot of people are actually searching for these keywords using Google, which is probably why a lot of people end up on this site!
ForeclosurePhilippines.com runs on the self-hosted Wordpress blog platform and is powered by the Generatepress wordpress theme. Our hosting is provided by Dreamhost Hostgator Siteground Kinsta and I got the domain from GoDaddy.
By the way, I was able to register foreclosurephilippines.com last April 1, 2009, although it took a day before everything got transferred successfully from foreclosedrealestate.blogspot.com.
What we do, why do we do it?
My goal here is to make investing in real estate in the Philippines a bit easier for fellow real estate investors out there. At the very least I want to help make it easier for people to find all available listings of foreclosed properties out there.
At the same time, I want to share real life lessons learned from the trenches, the things you will learn for yourself if you do decide to go out there and invest in foreclosed properties here in the Philippines.
I am not a real estate guru!
I still see myself as a newbie real estate investor, believe it or not, and I don’t claim to be a guru! I still have a lot to learn, who doesn’t?
Without the hype and B.S.
I would like to paint a realistic picture of how this can be done without the hype and B.S… period! After all, investing in foreclosed properties is not a get rich quick scheme!
Raising hope without giving false hope
I keep on saying that real estate investing might be simple, but it is not easy. No, I am not trying to discourage anyone out there, I just want everyone to manage their expectations. It can be done but it would take a lot of hard work and perseverance, at least at the very start.
Even if one is able to create passive income streams, there is still such a thing called maintenance and management of one’s business, which in this case is real estate investing.
I would like to point out that there really is hope that real estate investing can lead to financial freedom, but you have to pay the price. I would not want to give any false hopes that you can achieve success in real estate investing overnight. You need to plant before you can harvest, there are no shortcuts.
Investing in real estate ethically, morally, and legally
I truly believe that we can all invest in real estate in an ethical, morally upright, and legal way. We can do this without taking advantage of other people, and this is the only way for long term success.
Paying it forward
I simply believe that this is the right thing to do. I guess this is my way of paying it forward to all newbie real estate investors out there. A lot of people helped me along the way, and I want to do the same.
You are not alone
If you are new to real estate investing in the Philippines, I just want to let you know that yes, it can be done, and you don’t have to do it alone, because you are not. You are welcome here, enjoy your stay!
Here’s to our success and financial freedom!
Jay Castillo
Real Estate Investor
PRC Real Estate Broker License # 3194
Text by Jay Castillo. Copyright © 2008 – 2022 All rights reserved.
Image source: Richgrad.com
PS. If you are a new visitor, please start here to learn more about foreclosure investing in the Philippines.
PPS. If you feel that anyone else you know might benefit from the contents of ForclosurePhilippines.com, please do share this to them and don’t forget to remind them to subscribe to e-mail alerts and get notified of new listings of bank foreclosed properties, public auction schedules, and real estate investing tips.
ForeclosurePhilippines.com is owned and operated by Jay Castillo under True North Online Marketing Services.
Hi Sir Jay,
Thank you for sharing all this information, ive just found your blog last week and i already learned a lot.
Im planning to offer to buy a foreclosed property (condominium) from a bank, they offer me a 10% discount on their list price, how much more i can go down to counter offer? Checking around the location area, their price is on far with the current market price but off course i need to do a renovation. The property is already in the market for 4years and will need a good renovation.
Maraming salamat po.
Hi Marlon, sorry for the late reply. For me, I would ask for another 10% discount. No harm in trying… hehe. 🙂
If they don’t accept your offer, you can always submit a better one. Just make sure there are no other parties with offers for the same property because the bank will just award it to the other party with a better offer.
Thanks for the kind words and good luck!
Hi Jay, your wealth of information is priceless. Thanks to your website, it inspired me to try real estate investing.
Just an inquiry, we have an IT company/corp and would like to acquire real estate assets. Is it possible to buy foreclosures under a corporation? How do banks accommodate foreclosure purchases by a corporation?
Hi Ian, thank you for the kind words, happy to know you were inspired to invest in real estate!
With regard to buying foreclosed properties as a company/corporation, I don’t see any problem with that. The only difference would be the requirements. For example, take a look at the requirements for corporations for Unionbank below:
1. Accomplished Personal Information Sheet
2. Accomplished Corporate Signature Card
3. Articles of Incorporation / Bylaws with SEC Certificate Registration
4. Latest General Information Sheet
5. Secretary Certificate authorizing representative and Valid Government issued ID’s
6. Corporate profile
7. BIR Form 1702 / Latest Audited Financial Statements
8. 3 months latest bank statements
You can see the entire list of requirements so you can compare with individual buyers, self-employed, and OFW’s at the following link from Unionbank’s website: https://www.unionbankph.com/sites/default/files/2021-01/buyer%27s%20requirements%20July%202020.pdf
How to contact marketing officer of foreclosed property from metro bank Po?
Hi Mike, please check the contact page of Metrobank for their phone numbers and contact form: https://www.metrobank.com.ph/contact-us
Looking forward to learn more from you sir!
I was able to read a lot of books by Robert Kiyosaki and I am always searching for someone in the Philippines who practice what he is saying in his books. Luckily I have found this blog of yours when I searched about taxes on google. You are so clever in setting up this domain XD. I also have experienced internet marketing but unfortunately I’ve run out of funds to continue it. I’m currently invested heavily on crypto but my long term goal is that my profits in crypto will be slowly transferred to real estate here in the Philippines and I found you to be the right fit! Thank you in advance! 😀
Hi Charles,
Glad to have you here (no need to call me sir… hehe!). Haha, my domain is actually too long, but it’s been good for SEO. 🙂
That’s a smart strategy, funnel your cyrpto profits to real estate, galing!
Speaking of learning from me (I guess through the the blog), I’m currently updating everything, especially the articles that are more than 10 years old. It’s taking longer than expected but I hope you can read them soon. 🙂
Hi Jay,
I’ve been reading your posts since many years ago and I’m inspired to do the same. I’ve been planning to retire soon. May I ask if you offer a personalized or a more comprehensive seminar about acquiring foreclosed properties for rentals?
Hi Joanna, thank you so much for being with us here! Yes, I am about to re-open enrollment for my training for the next batch for investing in foreclosed properties. I just have to finalize the schedule and announce via email/blogpost. I look forward to seeing you then!
Hi Sir Jay!
I recently learned about your blog through Google and find it very informative. Now, after reading more about you, I feel inspired! I am also an IT professional and currently wear quite a few hats in company (including server admin) so I really feel you there! On the other hand, I still do enjoy my job so I try to do my best everyday. Nevertheless, I really love reading your blog as I am also keen on starting to invest on real property (and also purchasing a house for my family). Opening your blog was like opening a treasure chest! Thank you very much!
Cheers!
Wow, thank you Arlyn for the kind words! Glad my journey has inspired you to invest in real estate. I’m happy that you enjoy your work, that’s great because it’s still a great way to save money and raise capital for real estate. Wishing you success in your future real estate deals!
Hi Mr Jay,
I’ve been watching your youtube videos about foreclosed properties since last year. Sayang I should’ve discovered it way earlier they were very informative.
I would like to get your thoughts about UBs in house financing scheme. Is it possible to apply for a loan take out?
Thank you
Hi Solon, thanks for the kind words, much appreciated! If you are referring to UnionBank, yes, they are open to loan take-out. But you will have to get financing from UnionBank first while your loan take-out is being processed.
Hello sir Jay!
I’m Joana, one of the many avid readers of your blog. I’m 24 years old and your stories and articles really inspire me to pursue real estate investing especially in foreclosed properties.
I am gathering my finances to finally get my hands on my first deal hopefully in the next 2 years, God willing. It will be scary and full of questions for me but hopefully through the things you’ve been sharing and lessons you’re teaching here, I can have success in my future endeavors too 🙂
Hi Joana, happy to know you want to pursue real estate investing. I remember I also gave myself 2 years but it took a little longer. 🙂
Anyway, I hope that what I am sharing here can help finding success in your real estate investing journey faster (less problematic) for you. Good luck and thanks for the kind words!
Dear Mr. Jay,
Thank you very much and I really appreciate your kind heart to help, especially for those who are new in this field.
Regards,
John
Hi John, you just made my day, thanks for the kind words. Happy to pay it forward!
DEAR PROPERTY CANVAS STAFF ,
I am Purchaser wishing to find a Lot and House with the following features :
–1… Any Barangays within = Tagum City ( and NO other locations ) +
–2… Zones = Residential OR Agricultural OR Beach-Front +
–3… Land Size Range = 90 –to– 400 Sq.M +
–4… Border Fencing = Fully +
Price Range = 500,000 –to– 1,000,000 Pesos (above price range includes BIR Transfer Tax) +
–5… House wall options, EITHER :
-A = 50% Hollow-Block + 50% Amakan OR
-B = 100% Hollow-Blocks
+
–6… Bedrooms = 2 –to– 3 +
–7… Bathroom = 1 +
–8… Lounge-room = 1 +
–9… Has atleast 5.meter space between House wall to the Lot fence borders = High Priority
+
–10… Has existing “Water / Electricity”
–11… Has space for Garden Plants around House building = Preferable
+
–12… Buy by “Assuming Mortgage” OR “Simple direct Purchase”
+
–13… Vehicle Park-space = Optional AND
Now please kindly send me All / Any available Seller contact details with their House/Lot Photos (Inside and Outside Areas) — to my email herein, for my immediate consideration OR IF you have no properties to offer, kindly refer me to some “Actual Tagum Realty Agents” ?? please, advanced Thankyou dear Sir / Mam,
Yours Faithfully ,
FROM : Interested Purchaser.
I find a sure for close property in CDO or in Opol that could be my future home when i retire from an employee..thanks
Thank you so much the video about the fighting chance in facing foreclosures gave us hope. God bless and prayin’ that we can surpass this challenge in this pandemic.
You are welcome Marie, thank you also for watching! Stay safe and God bless.
Thank you
Welcome Jerry
I would like to get a copy of the 60-Item Property Due Diligence Checklist.
Can someone send it to me? I did NOT see the link to get it.
THANKS!!
Hi Andre, I already emailed you directly. Did you receive it?
Hello,
I did NOT receive a copy of the 60 item Property Checklist.
My email address is: [email protected]
Please send it again. Thank you
Andre Franks
Hi Andre, I have just resent it, please check. Thanks!
Hi Sir Jay, Im new here, kindly share also a copy of the checklist to me at [email protected] thanks again in advance.
Hi Romy, thanks for dropping by! I already sent you an email, please check. Thanks again!
Can I request a copy of it too? Thank you. [email protected]
Hi Albert, I noticed you clicked the link to the download page in the welcome email. Do you still need me to resend the file?
Thank sir Jay..good to hear from people like you about knowledge sharing. Keep it up, God bless.
You’re welcome and God bless you too Willy!
good day po. di po ba pwede kumuha ng computation through online? or something na ndi na pupunta dun sa city hall? Thank you.
Hi Sir Jay! Read your article on Ondoy aftermath and got interested on your story. Im doing thesis on community learning process on flooding. I’m hoping that I could do an interview on what you have learned and realized after the tragedy and how was your subdivision after 10 years. Thanks and God bless!
Hi sir Jay! I was about to buy a foreclosed property from BFS (Bahay Financial Services) but I have read some reviews on their own facebook page not to buy properties from BFS because they won’t offer any assistance anymore like securing the lot title and transferring it to your name once full payment is made to BFS.
Hi sir Saan po mangagaling or kukunin ang affidavit of consolidation na isusubmit sa bir to secure car?thanks!
Hi sir Jay good day,ask ko lng po kung magpapasheriff ba ako may babayaran ba ako?kung meron magkano po kaya?assuming nagamatigas po yung mga illegal occupants at nasaraduhan po yung bahay ng sheriff,masasabi ko po ba na sa akin na yung mga gamit,at kung ano ang pwed kung gawin sa mga gamit na yun if ever?salamat po sa magiging tugon.
im interested too in real estate
Wow!
I salute your unselfishness advocacy sir! Thank you for sharing your journey, I learned a lot. God bless!
Hi!. May tanong po ako regarding sa lupang kinatatayuan ng bahay ko ang zonal value ay 1500/sqmtrs ang category po ay agricultural residential ang gusto po ng may ari ng lupa ay 3000/sqmtrs wala pong kalsada para makadaan ang sasakyan pathway lang po ang daan na masikip . may laban po ba ako na sa zonal value ang maging bilihan. Anim po kami na doon na nakatayo sa 1,153 sqmtrs pero ako lang ang gustong ipa evict samantalang yun iba naman po ay walang kakayahang bumili. Ang gusto pa po ay cash na bayaran yun lote. need ko po ng advice.
Hi! I am a unit owner here in Cambridge Village Cainta Rizal. Last 2013 nakakita ako ng fb page ng mga complaints ng mga naunang unit owners ng cambridge na walang permit to sell from HLURB ang Building nmin na addtl sa mga nadevelop na ng empire East. a friend of mine had fully paid her property na and to her dismay, hindi sya nakakuha ng titulo kasi walang permit to sell ang Empre East sa property nmin. Hindi na ako nagtuloy ng bayad muna sa Empire East kahit 5mos na lang kulang ko. Instead ang ginawa ko sumulat ako sa kanila about my friend’s case. Hindi na nila ako binalikan. For how many years until to this day hinihingan ko sila ng copy pero walang sumasagot sakin. Then nakatanggap ako ng letter from their office na ang laki na ng utang ko sa knila at icacancel na nila contract namin. I wrote a letter again and til now wala pa din akong sagot na natatanggap from them. Ano po ang dapat kong gawin? napaka unfair sa part namin kasi unang property ko ito. Kinuha ko ito para may property ang anak ko kpag tumanda sya. Sobrang lungkot ko dahil agrabyado kaming mga owners dito. fully paid ka, wala kang titulo, kpag hindi ka nagbayad, icacancel naman ang contract mo. sobrang kawawa naging sitwasyon nming lahat dito. PLS HELP ME…
Hi Jay,my aunt lives in Europe,purchased a lot in the Philippines 3 decades ago.She’s getting older and she wants to transfer the Tittle to me but she cannot find the Tittle after so many years.
Do you know what the procedure is to get a new Tittle?
Hi Jessie, you just need to bring a copy of your Tax Declaration and a photocopy of your ID, then go to the treasurers office and ask for a statement of account. After that, you can proceed with the payment. Hoping for a hassle free transaction for you!
kelangan po ba talaga magpunta sa treasury office? pano kung malayo, may option ba magbayad sa bank?
For amilyar?
Hi Sir Jay,
I’m going to pay Real Property Tax ( RPT) this coming next week .
kindly advice me for what requirements need to carry when paying the RPT in the treasury office ??
hello po sa lahat and to sir jay, im quite interested about financial literacy,and im want to engaged myself on these things about foreclosure,and investing in real estate,.how can i start and what are the things for me to do to get involved in these business.salamat and Godbless.
Good Day po sir ask ko lang po kung pwede ko po bang aplayan yung bahay ng ninong ko na nasa acquired asset na raw…ako po caretaker…nasa US po may ari at pinabayaan na yung bahay…meron po kasi dito umaangkin na sya daw unang nakareserve sa pag-ibig..balak po tirahan….nagpaalam po ako sa may ari na aaplayan ko sa pag-ibig….mahahabol ko po ba un bahay sa pag-ibig…bilang caretaker po…kasi nag C.I. ang pag-ibig wala po ako at yung kapitbahay ko ang nakialam na pumirma….
Good Day! sana po matulungan nyo ko sa problem naming. ask ko lang po may makukuha pa po kaya sister ko OFW po sya na kumuha ng bahay sa cavite then nagkaproblema po sya financial gusto nya po mag back out na sya sa nakuha nyang bahay. bayad na po nya Equity nagstart last 2012 and 2014 start ng M.A. nya until August 2017 lang po ang nabayran nya kasi po nagkaron sya ng financial problem abroad. Mag apply po kaya sa kanya ang Maceda Law? ang total po nabayran nya is Php 467, 147.00 for Equity and since 2014 until August 2017 po 22,807.38/month ang nabayad nya so parang almost 1M na po nalabas nyang pera. May makukuha pa po kaya sya? Thanks po.eto po email add ko.- [email protected]
Good pm po sir jay,ask ko lang po paano o saan po kya ang pwede mag ask kung saan may free seminar ang pag IBIG reqarding sa mga acquired asset if willing kumuha tulad ko..ano po requirement if binata pa..gusto ko sna ksi mag attend nang free seminarpra s mga acquired asset pag IBIG po.thank you po.
CHECK U LANG MAM WEBSITE NYA.
Good Day! sana po matulungan nyo ko sa problem naming. ask ko lang po may makukuha pa po kaya sister ko OFW po sya na kumuha ng bahay sa cavite then nagkaproblema po sya financial gusto nya po mag back out na sya sa nakuha nyang bahay. bayad na po nya Equity nagstart last 2012 and 2014 start ng M.A. nya until August 2017 lang po ang nabayran nya kasi po nagkaron sya ng financial problem abroad. Mag apply po kaya sa kanya ang Maceda Law? ang total po nabayran nya is Php 467, 147.00 for Equity and since 2014 until August 2017 po 22,807.38/month ang nabayad nya so parang almost 1M na po nalabas nyang pera. May makukuha pa po kaya sya? Thanks po.eto po email add ko.- [email protected]
Hi Sir, Ask ko Lang po, medyo naguguluhan po ako sa tax treatment sa mga business engage in real estate, for example, we are a corporation engage in real estate business, what we pay is Income Tax of 30%, right? but we have to deduct the CWT? and ano and pano po namin idedeclare yung income? applicable po ba yung initial payment na 25%? pwedi po ba ninyong madiscuss yung corporate tax ng real estate business? even kapg nagfafile ng Vat? Thanks po
good day sir jay.,can u give me some pieces of advise pls..kumuha po kase kmeng mag asawa ng isang rent to own house and lot dito po sa Batangas, amounting to 1,800,000php – 10 yrs to pay ang contrata po namen 14,000php ang montly amortization. 300,000php for the equity at 552,000 na po ang naihulog nmen sa loob ng 4 yrs. bale (852,000php) ang kabuuang hulog nmen as of November 2016.. But for some reason ang seller ay inobliga kmeng ipasok sa PAG-IBIG noong JULY 2016..Nung naipasok nmen sa PAG-IBIG naaprubahan ang 863,000php last DECEMBER.. kulang pa po kme ng 1milyon pra mapasaamen n ung property. Pero ayaw nya pong tanggapin ang 863,000 n mgmumula sa PAG-IBIG. inuubliga nya kmeng icash nlng ung balance kase magma migrate sila pa CANADA.. So, ako at ang asawa ko po ay ngdecide n ihinto na lamang ang paghuhulog at sa hapi ay irefund na lamang ang halagang maari nmeng makuha mula sa seller. And now, dinedemand ng SELLER na 50% lng po ang marerefund nmen..Mula po sa 852,000.00 na naihulog nmen, ay 426,000.00 po ung aming makukuha..tama po ba na ganung halaga ang dpat nmeng marefund? o dpat po ba na montly rent lang ang kwenta sa halip na montly amortization na 14,000?? At ung SECTION 3, RA. 6552 ay pwede po b tlgang gamitin ng SELLER laban sa amin na BUYER? badly needed lng po tlga,.thank you..Godbless..
hello sir jay.. may balak po kc akong bilhin na vacant lot sa isng subdivision.. china bank po ang mayari ng lot.. 700k po ang min bid price nakalagay.. pwede poba akong mg offer ng mas mababa sa 700k? o dapat mas mataas sa 700k? salamat po
ALAM KO DI PWEDE MAS MABABA SA STATED PRICE
Hi Sir, kung bumili po ako ng condo tas completed ko na po ang 20% down payment, tas i decided not to continue, tama po bang bawasan pa nila ako ng CWT, commission at incentive sa refund request ko? CTS and Cert of full payment of DP po and naissue na po sa akin.
ASK KO UNG SMIN MAM
Hi sir what if the developer failed to deliver what had been agreed upon can I make a full refund of what i have paid? I purchased a house and lot from one developer, agreement is after 13 months of payment they will start to build the house. 18 months na wala pa rin nauumpisahan so i decided to ask for a refund. They agreed that they will refund me but they deducted the commission and other expenses. Is that right for them to do that? I wouldnt cancel the sale agreement if they deliver the terms nman. Thank you
Hi sir advice nyo nman po ako kung pano ang ggwin q, ang bhay ko ay nakuha ko thru sss financing pero nalipat sa bfs sa katagalan at eto raw ay foreclosed na, sa dahilang d ko ito nahuhulogan, ang tanong ko po ay pwede ko po ba ilipat sa pag-ibig ito sa pangalan ng anak ko para ito ay mahulogan at nang hindi mawala ang bhay po nmin, hanggang ngayon ay kasalukuyan ay tininitirahan pa po namin, pakipayuhan naman po ako kung ano ang dapat nming gawin para mailipat po ito sa pag-ibig. Maraming salamat po
Jay,
Please enlighten me on what you said “Please note that there is an exception to the application of the CGT, and that is the sale of a principal residence (your own home)”.
We are selling our house for P28M that has been my parents and our primary residence since and now we have to sell coz our parents died. Real estate agent saind we have to pay 7.5% CGT. I am doubtful on this CGT as it is an ordinary asset and was never used to gain an income.
regards
Janet
Hi sir, pano po ba ang sistema ng auction for tax delinquent , how long po ba bago maisama sa auction ang property and if thats your property how can you buy it back or stop the auction?
Good morning sir jay pm u po ako sa facebook nag hahanap ako lot or house in lot na mga forclose sa NHA
Hello sir Jay
Ask ko lang po kung ano magandang gawin, may friend po ako 1year n nya d nahuhulugan ang loan nya s PAGIBIG… interesante po ako sa property nya
Salamat Po!
Hi Jay,
You are awesome! I admire how you do business. I’ve been looking for someone like you here in the Philippines. I came across some of your videos on youtube and have read something about you. I can say that we have similarities, though you are now successful and i am just starting. I wish I could be lucky enough to talk to you someday as I have no mentor to help me with the learning process. 🙂
I am a nursing graduate, I am wondering what are the steps for me to have a license as a broker. Do I still need to study a particular 4-year course? I hope you would reply to this. Looking forward to meeting you. Godbless!
cheers,
Mark
Hi Sir Jay,
Ask ko lang po kong ano po ang mga guidelines sa pag-self-supervise ng house construction?Ano po yong mga iba’t-ibang position na component ng workers sa building construction?Plan ko kasi mag-pagawa ng commercial/residencial building next year pero ayoko syang ikuha ng contractor para makatipid. Actually, di ako sure kong tama desisyon ko.I will appreciate your advise on this matter.
Thanks.
Hi- I am looking for a specific foreclosed house. It belonged to the dad of my husband who passed away when my husband was 8 mos old. We recently found out that the house was foreclosed. We now want to buy it/ save it. I was wondering if you could help locate which bank it is in? It is in MountainView Mandalagan, Bacolod. Any leads would be greatly appreciated, thanks.
Hi Jenny, really sorry to hear your situation. The best way to trace which bank foreclosed it would be to check the title/traceback at the registry of deeds that covers the location of the property and look for annotations regarding the mortgage.
Hi Sir Jay,
Ask ko lang po kong ano po ang mga guidelines sa pag-self-supervise ng house construction?Ano po yong mga iba’t-ibang position na component ng workers sa building construction?Plan ko kasi mag-pagawa ng commercial/residencial building next year pero ayoko syang ikuha ng contractor para makatipid. Actually, di ako sure kong tama desisyon ko.I will appreciate your advise on this matter.
Thanks.
hi sir jay, ask ko lang po kung may alam kaung foreclosed property located in pantabangan nueva ecija? tnk u po.
Hi sir Jay, regarding sa pagbili ng foreclosure properties, is it possible ba na makabili thru cash kahit walang bank financing or pag ibig?
Hi Jay, can you give me some insights on how the bidding happens on-site?
-How competitive
-What to expect, what not to expect
I’m a newbie buyer and I’d like to know my chances of walking away with one of my choices given the bidding.
hi sir jay may tanong po ako ng delete po yata
good day sir jay i was following your blog since 2010. sir now that i have saved some money to pay the equity of a condo unit of my own, i would like to rent it out for it to become my passive income. may i ask you for some advise sir if i should “lease” it out or “lease to own”.
Good Day Sir Jay Castillo,ask po ako advice, gusto ko po ilagay ang investment property (rental) sa isang legal entity, for tax and protection purpose. wala po ako any legal entity, I really appreciate your advice po. Thank you.