I just received these updated listings of Banco De Oro or BDO foreclosed properties for sale in the Metro Manila, Luzon, Visayas, and Mindanao areas through e-mail, courtesy of Ms. Mary Jean Reyes of BDO Asset Management Group. More than 500 foreclosed properties all over the Philippines are included in these listings.
Do keep in mind that this is not a public auction and the BDO acquired assets on the listings are for negotiated sale. Please continue reading below for more details.
Payment terms
The minimum required downpayment is 30% of the selling price, with the balance payable through bank financing.
A reservation fee of 5% is required when making offers, which is refundable just in case the offer is disapproved. If the offer is approved, the reservation fee will form part of the downpayment which means only an additional 25% would be needed. Interest rates are based on prevailing rates at the time of the purchase/availment.
Please take note of the following:
- Prices are negotiable, subject to Bank’s approval.
- Sale shall be on “as is where is” basis.
- Prices are subject to change without prior notice.
- all offers are subject to Management approval.
- Interest rates are based on prevailing rate at time of availment.
- Lease offers welcome for all condominium units listed except those under “With Authority to Sell”. Please call for price.
- Where applicable, prices are exclusive of VAT
BDO foreclosed properties for sale
Just click on the following to download the complete list of BDO foreclosed properties for sale for each respective area.
- Metro Manila (updated as of April 28, 2010)
- Luzon (updated as of April 28, 2010)
- Visayas (updated as of April 20, 2010)
- Mindanao (updated as of April 20, 2010)
For more details
For more information about any of the BDO acquired assets for sale, you may contact BDO directly through the following:
- Visit BDO’s office at : BDO Asset Management Group / Sales Department 2/F Equitable Bank Tower, 8751 Paseo de Roxas, Makati City
- Call MARY JEAN V. REYES – 0917-8515802 / 7027038
Happy hunting!
To our success and financial freedom!
Jay Castillo
Real Estate Investor
Real Estate Broker License #: 20056
Blog: https://www.foreclosurephilippines.com
Follow me in twitter:http://twitter.com/jay_castillo
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Text by Jay Castillo. Copyright © 2010 All rights reserved.
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Hi,im looking for a house and lot through BDO , is there any latest list of properties foreclosure preferably from Isabela or Cagayan Valley at affordable price:) im really interested to own one someday..Please kindly email me thanks:)
Is there any latest list of properties foreclosure? we are currently living abroad and we would like to buy our own house and lot this year.. please if u could post new one so we can have a browse and might be interested in some.
Hi Sir,
I would like to know more about buying foreclose property. I am an OFW.
I am interested in buying BDO Foreclosed Residential Lot at
Lot 4, Quebec St., BF International Village, Bo. BF Las Piñas City
200SQM
1.5M
thanks,
maria
Hi Maria,
I’m so sorry i didn’t see this comment of your sooner. Do you still need assistance with this? I have an updated list from BDO which I will be posting today, October 21, 2010. You might want to check it out as well.
Thanks for the inquiry!
Hello Jay,
I am interested in one of the properties in Laguna. I already checked with Mary Jean via emai and found out it is still available. Problem is I am here in Kuwait and have no means to do due diligence. CAn you give assistance to a far away OFW-kabayan longing to have a place of her own to come home too someday? 🙂
I believe I can afford to make almost half of the asking price and amortize the rest if it is possible.
Salamat po.
Hi Liza, I’m happy to say that some of my team mates reside in Laguna and so I believe we can help you with this. I’ll send you an e-mail regarding this so we can discuss further. Thanks and good luck!
Hey Jay,
never did receive your promised followup email reference the help I was asking for due diligence. But I know you have been very busy. Just so you know, I bought the property I was interested in. I informed Mary Jean of BDO that I found the listings from your site. We are getting ready to buy our 2nd lot from the BDO list if they approve the offer. Thanks for this great website. God bless you more and more!
Hi Liza,
I’m really sorry I was not able to get back to you on this, i suppose this was one of those things that fell through the cracks, so to speak. As you said, we were all quite busy, due to the apprentice challenge with Trace Trajano. Thanks for understanding.
Thank you also for mentioning to Ms. Jean that you got the list here! Thank you so much and godd luck on your 2nd lot! Cheers!
Hi Jay
Is it sometimes possible to negotiate for a price less than 10% discount and then the terms applied as mentioned?
Jun Tagle
Hi Jay,
is it worth to hunt in PAG IBIG foreclosed property?
Thanks and more power…
Thanks Jay!
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dear jay,
i can’t open the file:-(…says, the file is damaged and could not be repaired?
Hi Mrs. Gabriel, the problem might be caused by an old version of Adobe reader. Please try installing the latest from http://get.adobe.com/uk/reader/ or you can download foxit PDF reader: http://download.cnet.com/Foxit-Reader/3000-10743_4-10313206.html?part=dl-116442&subj=dl&tag=button/ and please let me know how it goes.
Hi Jay,
Thanks for this post. Medyo mataas ung downpayment nila at 30% and probably not vry favorable for investors unless mura talaga ung property.
God bless.
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Hi Bryan, yes the 30% DP might be too steep unless the property is worth it. However, a higher DP may result in lower amortizations. The bottom-line I guess is it still depends on the ROI and cashflow. Thanks for visiting!
Right! Btw, thanks for reminding me of the ROI as part of analyzing deals aside from cashflow analyses!:)
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