Just found this listing of foreclosed properties for sale and this includes foreclosed properties from Batangas, Bulacan, Cavite, Palawan, and Antipolo/Rizal. If you will notice, the properties are not for public auction as the foreclosed properties listed here are for negotiated sale. Interested parties just need to submit their offers.
I already called to get the payment terms and I found out that aside from cash(obviously), they can accept installment payments with a minimum downpayment of 25%, with the balance payable up to 3 years, at an annual interest rate of 15%. Not exactly what real estate investors are looking for, unless you have financial partners lined up and are ready to finance the deal, assuming the numbers make sense.
Anyway, please click here to download a copy of the foreclosed properties listing in PDF format or just click on the image below to download a JPEG copy.
Source: Manila Bulletin, May 16, 2010 edition, page G-3
If you are interested in any of the foreclosed properties on the list, just call Property Partners directly using the phone numbers on the listing above.
The fine print
All properties are on an “as-is where-is” basis. Properties and prices are subject to change without prior notice, Inadvertent misprints shall not alter the property’s factual condition or shall they be deemed as misrepresentation of the property. Offers are subject to approval by management.
Happy hunting!
To our success and financial freedom!
Jay Castillo
Real Estate Investor
Real Estate Broker License #: 3194
Blog: https://www.foreclosurephilippines.com
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Text by Jay Castillo. Copyright © 2010 All rights reserved.
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15% interest? that sucks.
.-= SoNn´s last blog ..If you won a million dollars what would you do with it? =-.
Hi SoNn, exactly my sentiments. It gets even worse if you consider the 3 year maximum payment term. Virtually impossible to get positive cashflow unless one goes to other sources of financing. Thanks for dropping by!