Foreclosed Properties

FORECLOSED PROPERTY
Foreclosed Bank ROPA (real and other properties acquired ) Properties were owned by the Bank or Insurance company, the Title and Tax declaration were already under the Bank’s name and ready for transfer to the new buyer. Foreclosed properties are “as is where is” its not brand new and no warranty, but there is a huge price difference or discount compare to Developer’s price. Also, expect renovations when you buy these kinds of properties. Some also has pending court cases, which will be discussed to a very interested buyer by the broker and the bank about the consequences, that the case might be inherited; buy the buyer if they wish to continue with the transaction. Typically, there is no initial cash out when you buy a foreclosed, just make an Offer and the bank will notify once offer has been approved. The bank only accept equal or higher published offer price. Documentation and registration will be done by a licensed broker or accredited salesperson. Individual Resale Property for sale by a certain person with complete and updated documents under his name. The transfer of Title and registration will be done by a licensed broker or accredited salesperson.

INDIVIDUAL RESALE PROPERTY
Individual Resale Property for sale by a certain person with complete and updated documents under his name. The transfer of Title and registration will be done by a licensed broker or accredited salesperson.