BDO Foreclosed RESIDENTIAL – HOUSE AND LOT – Lot 28, Block 5, Areca St., Palmridge Subdivision, Phase 2A, Brgy. Sta. Maria, Santo Tomas, Batangas (Lot Area: 110.00 sqm; Floor Area: 94.00 sqm)

This property is included in the latest list of BDO foreclosed properties that are for negotiated sale, updated as of 2024-October-31. More details below.

Property details

• Property Source: Banco De Oro (BDO)
• Property Type: RESIDENTIAL – HOUSE AND LOT
• Vicinity: Santo Tomas, Batangas
• Property Address: Lot 28, Block 5, Areca St., Palmridge Subdivision, Phase 2A, Brgy. Sta. Maria, Santo Tomas, Batangas
• Lot Area (sqms.): 110.00
• Floor Area (sqms.): 94.00
• Indicative Price (Php): 2,386,800.00
• Remarks:

“Disclaimer:

• Sale shall be on as is where is basis.
• All offers are subject to Management approval.
• Availability of units and prices are subject to change without prior notice.
• Misprints should not be construed as misrepresentation of the property.
• Where applicable, prices are exclusive of VAT.

Contact Info

For inquiries, please call Mila Dioneda / Sales Officer of BDO RMG / PMU RETAIL SALES through the following numbers:

• Direct Line: 87026000 local 27024
• Mobile:
  • 09564920261 (globe /viber / whatsapp)
  • 09223724522 (smart / viber/whatsapp)
• Email : [email protected]

BDO Asset Management Group / Sales Department

25/F, Pacific Star Building, Sen. Gil Puyat Ave., corner Makati Ave., Makati City

How to avail – a summary of how to buy BDO foreclosed properties

Based on our past transactions with BDO, here’s a quick overview of the buying process via negotiated sale:

1. Identify properties you are interested in

Browse through the list and Identify properties you are interested in.

2. Contact BDO directly to get more property details

You can proceed and contact BDO directly to get more property details / payment terms / schedule an ocular, etc.

Recommended reading:

• • 31 Questions You Need To Ask When Inquiring About A Foreclosed Property
  • Step by step: How to get foreclosed property details as part of due diligence

3. Do your due diligence

If you are seriously interested in a property/ies, you should do your due diligence (inspect the properties, verify the title/tax declaration, check what are the taxes and fees you will shoulder as the buyer, etc.). We recommend that you do the inspection personally. If you’re abroad, you can ask a trusted relative do the inspection for you, but I still recommend that you come home at least once to personally inspect the property yourself, before submitting an offer.

4. Choose your payment terms

Here are the available terms of payment from BDO:

• • A. Cash Basis
    • 5% Reservation Fee: check payable to BDO Unibank Inc. to be deposited upon approval of offer
    • 95 % balance: shall be paid within fifteen (15) days upon approval of offer.
  • B. Installment/In-house Financing
    
    • 5% Reservation Fee: check payable to BDO Unibank Inc. to be deposited upon approval of offer
    • 15% downpayment: payable within fifteen (15) days upon notice of approval of offer.
    • 80% Balance – Payable in 5 yrs maximum at 10% p.a. Note: with option for a loan take-out with BDO CLG

5. Submit an offer

Note: Offers are now received on a “first come first served basis”. This is the new sales process as of June 1, 2021. In the past, if a property gets multiple offers, there will be a bidding. Now, whoever made the first offer will get processed and can end up as the winning offer if it gets approved (no need to go through a bidding).

Kindly submit the following via email to reserve any property:

1. duly accomplished offer to buy form  signed on all pages ( both spouse if married)

2. copy of 5% reservation check payable to BDO

3. copy of valid ID with 3 specimen signature ( both spouse)

4. Employee referral form signed by the buyer and the employee referror.

Call BDO directly to get all details and complete list of forms and requirements.

6. Wait for your offer to get approved/disapproved

a. If your offer was approved, your 5% reservation fee becomes part of the downpayment, and BDO will assist you with finalizing the purchase. You need to choose between cash payment (usually due in 30 days after notice of approval), in-house financing, or bank loan (you need to finalize your downpayment amount/ years to pay for the balance and interest rate, submission of requirements, contract signing, when you can move-in, etc.)

b. If your offer was not approved, your reservation fee will be returned to you.

Note:The above is just a quick overview based on our own experiences from past transactions with BDO. Their exact procedure is subject to change without prior notice. Our standard Site Disclaimer applies.

To get more details, please contact BDO directly. Refer to BDO contact details. ~ Jay Castillo

BDO Contact details

For inquiries, please call Mila Dioneda of BDO RMG / PMU RETAIL SALES through the following numbers:

• 09564920261 / 09223724522

Office Address:

• BDO Asset Management Group / Sales Department – 25/F, Pacific Star Building, Sen. Gil Puyat Ave., corner Makati Ave., Makati City

View the complete list of BDO foreclosed properties

To view the entire list of BDO foreclosed properties in this update, you may visit the following page:

==>BDO Foreclosed Properties for sale

Last updated on:  2024-October-31 with file bdo-properties-for-sale-november-2024-a-compressed.pdf

Source: Mila Dioneda – BDO RMG / PMU RETAIL SALES