🏦 Invest · Foreclosed
Foreclosed Properties in the Philippines
Over 800 bank-acquired homes, condos, lots and parking slots from Metrobank, BDO and BPI Buena Mano, listed with the bank's own reference. Below: how a bank sale works, what to check before you bid, how to finance it, and the live inventory.
How a bank foreclosure sale works
The bank already owns the property; you are buying from its asset-disposal unit, not from a distressed owner.
- Consolidated title. After foreclosure and the redemption period the title is transferred to the bank. That removes the single biggest risk in private resale and pasalo deals: a seller who cannot deliver clean title.
- As-is, where-is. Physical condition, unpaid association dues, real-property tax arrears and occupancy pass to the buyer unless the bank's terms say otherwise.
- Two sale routes. Sealed bidding on announced dates for some assets; negotiated offers for the rest. Offers below the indicative price are normal and are decided by committee.
- Deposit, then closing. A reservation or bid deposit holds the asset; the balance is paid in cash or on the bank's in-house financing within the bank's timetable.
- Transfer costs. Documentary stamp tax, transfer tax, registration fees and notarial fees are usually for the buyer's account; ask which the bank shoulders before you offer.
Compare with pasalo (assume-balance) risks and pre-selling developer projects.
What to check before you bid
Five checks we run on every foreclosure before an offer goes in.
Title and annotations
Certified true copy from the Registry of Deeds: confirm the bank is the registered owner and read every annotation (adverse claims, lis pendens, easements).
Taxes and dues
Real-property tax statement from the city treasurer and a dues statement from the HOA or condo corporation. Arrears are negotiated into the offer.
Physical inspection
Vacant homes deteriorate. We inspect, photograph and estimate repairs so the renovation is priced into your bid, not discovered after.
Occupancy
If the former owner or tenants are still inside, ask whether the bank delivers vacant possession or whether ejectment is the buyer's job.
Lots: survey and access
For vacant lots, a relocation survey confirms the technical description on the ground; check road right-of-way and zoning.
Parking slots
Sold on their own condominium title. Confirm the building's rules on leasing slots to non-residents before buying for rental income.
Financing a foreclosed property
Banks like selling their own acquired assets on their own loans.
- In-house financing from the selling bank, often with a lower down payment than a resale mortgage and a faster approval because the bank already holds the appraisal.
- Filipino citizens and dual citizens living abroad qualify for overseas-Filipino home-loan programmes on houses, condos and lots. See mortgages while living abroad.
- Foreign nationals can buy and, since 2026 with selected lenders, finance condominium units; land is not available to them. See loans for foreigners and foreign ownership rules.
- Run the numbers with the mortgage calculator and the rental ROI calculator; foreclosures bought below appraisal are the classic low-money-down investment described in the Invest hub.
Browse by bank
Each listing carries the bank's own reference; prices and availability are confirmed with the bank at offer time.
Foreclosed properties by location
Province and city pages with their own live list, counts and price range.
Cities
Quezon City (65) · General Trias (63) · Davao City (42) · Makati City (38) · Pavia (37) · Las Pinas City (34) · Manila City (32) · Dasmarinas (27) · San Jose (27) · Minalin (24) · Valenzuela City (22) · Tagaytay City (18) · Binangonan (17) · Marikina City (15) · Pasig City (12) · Tarlac City (11) · Lapu-Lapu City (10) · Pasay City (10) · Taytay (10)
Live foreclosed inventory
Pulled from the catalog each time the page loads. Tell Trish AI a city, a budget or a property type to narrow it.
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Frequently asked questions
What does as-is, where-is mean on a bank foreclosure?
The bank sells the property in its current physical and legal condition. Repairs, unpaid dues and real-property tax arrears, and any occupants are the buyer's responsibility unless the bank's terms say otherwise, so inspection and a tax and dues check come before the offer.
Can a foreigner buy a foreclosed property in the Philippines?
A foreign national can buy a foreclosed condominium unit within the project's 40% foreign share, but not land. Former Filipinos have land limits and dual citizens have none.
Do banks finance their own foreclosed properties?
Usually yes. Metrobank, BDO and BPI offer in-house financing on their acquired assets, often with a lower down payment than a resale purchase; terms depend on the buyer's profile and the asset.
How is the price set and can I negotiate?
Banks publish an indicative price based on appraisal. Some assets go to sealed bidding on announced dates; others accept negotiated offers. Offers below the indicative price are common and are decided by the bank's asset-disposal committee.
Meet with us at your convenient schedule
We check the title, taxes and dues, inspect the property, prepare your offer and submit it to the bank. Licensed in the Philippines and the U.S.; part of every commission goes to charity.
