Apart from the fact that there are lots of RFO or ready for occupancy house and lot property being foreclosed by Pag-Ibig Fund and banks in the Philippines, there is a place where you can buy cheap house and lot in any place you want to buy like Cavite, Bulacan, Laguna, Paranaque, Rizal, Marikina, Tagaytay, Batangas, Pangasinan, La Union, Baguio, Cebu, Bohol and the like. This is if you know how to find the list of foreclosed properties online.
This list will most likely come from different Philippine banks and authority in the real estate and property selling industry like those real estate brokers who were able to come up with blogs and websites that cater to providing free information and guide on foreclosed house and lots whose owners were not able to pay for the monthly amortization as mortgaged in a financing company, and sometimes, from banks and government institutions like Pag-Ibig Fund through the HDMF (Home Development Mutual Fund).
Now, in case you don’t know it and you don’t have any knowledge on where to find this list, just visit any bank website and I’m sure they have a place there that features the different house and lot from subdivisions whom they have financed and offered mortgage to Filipinos who were not able to maintain paying for the monthly amortization and end up having a notice of foreclosure. This is a valuable list when it comes to Pinoys looking to buy cheap property whether for investment or for family and personal reasons.
If you are having a hard time finding a list, be sure to secure your slot here at the House and Lot Loan Guide blog because we will be enlisting some interesting must-buy and must-acquire completely furnished and ready for occupancy real estate property in different parts of the country, Philippines. Occasionally, we might feature special news telling about the latest in the real estate industry as well as building a forum where people can buy and sell a property with exclusive listings.