FORECLOSED Properties : My Tips & Experience!

[@GhostedStories]

Thank you for this! I am looking for properties, but not to resell them or at least not yet. Rental property, for passive income. I am glad KZbin recommended me to your channel.

[@annavillarica]

Please make an update video of that property you bought :) After it was done up

[@therusticnomad5571]

Perfect tong post mo for Halloween, Chris! LOL! Thanks for the tips, I'll look it up sa bank websites.

[@ChrisSuarezRealEstate]

Hahaha! Most welcome, JP!:)

[@PaulG.333]

Must watch; marami tayong matutunan; thanks for sharing sir.

[@cabreravlogs1474]

Oh em gee katakot naman po ung experience nyo sir..tama need din talaga nten isaalang alang ang history nang Bahay n bibilhin nten. Another useful vlogs.salamat sa ph share.interesying sir Chris.

[@nathand.9936]

Great topic.Thanks Chris

[@joncrich]

nice video sir very informative and straight to the point and thats exactly what i want and because of that i am a new subscriber :)

[@ChrisSuarezRealEstate]

Thank you!

[@fgfam80]

OMG SIR NAKAKATAKOT NAMAN EARLY HALLOWEEN :D

[@marlonquierra4680]

Thank you for the tips, very informative.

[@leovylrivera1930]

Thank you sir.. it's a big help for us.. God bless you.

[@norbs9858]

Thank you po sir. Buying ang flipping foreclosed property is my dream business. Currently I'm still doing my research I still have a lot of questions and I think you're the best person to answer those. If only I know you personally, hahaha. New subscriber here great content sir.

[@ChrisSuarezRealEstate]

Thank you! Best Looking forward on your dream business!

[@norbs9858]

@@ChrisSuarezRealEstate Thankyou po sir. I'll do my best

[@kuyaj6162]

Do you have the whole video of that weird house? It's interesteng to watch.

[@sonnysoprano2444]

Thanks for the tips buddy.

[@maryjanegalicha7980]

Thanks a lot very informative nice tips for those planning to invest or just buy properties to their advantage.😉😉

[@Jarebattv]

Thanks.sir for the info. New follower

[@ChrisSuarezRealEstate]

Welcome!:)

[@yanimarquez5121]

Hello Sir Chris. Been watching your videos for months. In time, I want to become like you. :)

[@ChrisSuarezRealEstate]

Thank you for your kind words, Bayani!:)

[@yehmiyah]

wonderful information

[@ESPATERO]

Hi Sir... Salamat po... Nag.aabang ako palage sa mga videos...Ngayun nag.iipon ng pera coz i knew it will come...hahahaha...Maraming foreclosed tlga...sana maka chamba ako kahit isa...hehehe....Keep it up sir....

[@ChrisSuarezRealEstate]

Thanks so much! Yes keep me updated if makabili ka.)

[@kristineking1314]

hi sir Chris.im starting to like your contents po. so balance and has the must to know things. rooting for more contents so i can learn more. planning to invest in foreclosed property as well. wanna learn much as i can as im doing it solo. thanks po

[@ChrisSuarezRealEstate]

Awesome, thank you!

[@jephbaltazar]

Thanks very helpful.

[@igaelle24]

wow ganda nman ng walls na yon😍

[@ChrisSuarezRealEstate]

Yes very intricate:)

[@GeeSanPedro]

Gwapo 😍😍😍

[@CrisostomoIbarra1989]

Great video! Salamat 🤜🏼🤛🏼

[@lolekgarcia6705]

Hi. I hope u can share ur knowledge about buying back a red tagged foreclosed property (preowned by a relative) Thank you sir very much. 😊

[@applejean2938]

How to assess the market value of the property? Hindi po ba si bank ang nag aassess non? Planning to buy negotiated sale, any tip po?

[@relaxguy2581]

Good day sir! Nice video, very informative. Sir do you have any checklist on what are the things need to check before buying the property?

[@ChrisSuarezRealEstate]

Thank you! Yes I do, its on my list of topics for upcoming vlogs :)

[@relaxguy2581]

@@ChrisSuarezRealEstate sir, what is the difference between under foreclosure and tittle consolidated in property status? Hope you can give me an idea. Thanks!

[@Alsarmientoph]

Thank you Sir Chris! :D i learned a lot

[@H24seven]

Thanks you so much great video 5:01

[@paulienebelo2067]

Very informative!

[@ChrisSuarezRealEstate]

Thank you!

[@bunny_x3619]

Hi po pwede po ba malaman kung manalo sa bidding pagibig foreclose property Is the new owner shoulder the unpaid tax?

[@dionsonolestein4674]

What is the bank do u mean sir? With categorized properties. Thank you sir

[@kerwintimbang7386]

Hi Chris! Great video on forclosed properties. What is your advice on how to calculate return on investment or cost after repair? Also, what is the best way to identify if the property would serve as a good deal (pricing wise)?

[@dagarrero]

Hi Chris. To your knowledge, if I buy a foreclosed lot listed by a bank and this property is within a subdivision, say Camella, will I be restricted or bound by Camella in terms of building a property on that lot?

[@ChrisSuarezRealEstate]

Hi Dennis, you may check the subdivision's deed of restrictions. I also suggest getting in touch with their homeowners association to know more about their limitations in terms of construction.:)

[@dagarrero]

Thanks a lot Chris for your advice. I'll also check your other episode on due diligence 👍😀

[@anabelleventura7270]

@@ChrisSuarezRealEstate 0

[@mariafecuartero3485]

Nice

[@Nathan-cc4gy]

Ano po ibig sabihin ng homeowners association mga kapitbahay po ba or sangay ng gobyerno

[@Tinznapie]

Me watching @ 00:28 Hahaha. Thank you anyway! ☺️

[@darklee1436]

Sir ano po dapat na itatanong kung occupied pa po ang property na nakauction...ano-ano po ang dapat alamin?

[@Gol-f8s]

Sir ano po ba ang mas advisable. Foreclosed,preselling,pagibig or bank? Sa katulad ko na walang pag ibig pero atat na makabili ng bahay sa ipon na 300k+.

[@jjmosquera7484]

Hi sir Chris! Can i ask about pag ibig forclose housing loan, kung paano makaka pag bayad ng fully paid or principal loan if ang owner is based in abroad. Thanks Sir

[@clarkygreenwood7186]

what sites do you use to hunt for properties

[@annavillarica]

Search for the banks name + foreclosed properties. For example: PNB + foreclosed properties.

[@hazelromen9602]

Sir , base sa experience nyo updated ba ang REAL Estate Tax ng mga properties nabili nyo sa mga bank ?

[@ThePeigSquad]

kung bumili po ng foreclosed lot lang and di mo naman sya ginalaw/inimprove, and wala din major establishments na ginagawa mapa private or government surrounding the area, tumataas pa rin ba ang value po non?

[@ChrisSuarezRealEstate]

Hi! Yes, we can also consider, supply and demand. Right now malaki ang demand on lots due to pandemic.:)

[@ThePeigSquad]

Nice thank you so much po sir Chris. 🙂

[@JOTOHI]

Hello, kapag po ba sa subdivision yung property na occupied madali lang magevict ng former owner?

[@relaxguy2581]

Sir, but parang lahat ng nka post online ay may mga problema . Bka may diskarte na mka una tayo

[@Carcallascrew]

Thanks Chris! Thinking of investing with real estate when we have funds na haha

[@ChrisSuarezRealEstate]

You should! You have knack pa naman for interior design.:)

[@joansingh2092]

Sir, for foreclosed properties po sa Bank & Pag Ibig , ididisclose po ba nila yung pending issue ng bahay? How to do the due diligence on the buyer's side?

[@bashgita]

Sa Pag-ibig, no they won't. Ikaw ang pupunta sa property. Ikaw rin an g magpapaalis kung may squatter

[@maricarbrin6090]

🤣🤣Pause ko bigla, bigla ako natakot sir🤣

[@ChrisSuarezRealEstate]

Hehehe! Sorry I didn't mean to.😜

[@markdeleon5983]

Hi po sir i am 17 years old po and having a plan to buy a foreclosed property as a rental property in the future. Any tips and advice po? Salamat

[@ChrisSuarezRealEstate]

Take your time to inspect the property and if possible bring a contractor to estimate the cost of repair or renovation.:) Good luck!

[@markdeleon5983]

@@ChrisSuarezRealEstate thank you so much po

[@homesweetnest1385]

Hi can you buy and sell sa pinas? let say bumili ka ng property house and lot at nirenovate, may time frame ba bago mo ibenta ulit yung property? (us citizen born in ph) please advice thank you!

[@jelynecacabilos-siesa3329]

Thank you Sir Cris, very informative. Is it possible if we will apply again for pag ibig housing loan even if we have existing where in my husband is the primary and I am the co borrower. We are thinking to get another housing loan to pag ibig but this time I will be the primary and he will be the co borrower.

[@ChrisSuarezRealEstate]

Yes, absolutely, as long as you havent maxed out your 6M limit and your income is still qualified for another loan.

[@reginahernandez3509]

Possible po ba ibalik ang napanalunang acquired asset? I've been paying for the property for 6 months now and hindi pa sya matirhan dahil sobrang dami pang kailangan ayusin sa house. Akala namin simpleng repair lang pero nung napalinis na namin yung property at napa-assess sa mga architect (we hired 4 for comparison), nakakalula ang total cost. Di namin kaya. We tried to apply for house improvement loan kaso sobrang taas din ng hinihinging equity. Nakakapanlumo. Akala namin magkakabahay na kami.

[@ChrisSuarezRealEstate]

Sorry to hear that, yung nga lang ang disadvantage ng 'as is where is.' May I ask if mataas ba ang value ng lot even without the structure?

[@reginahernandez3509]

@@ChrisSuarezRealEstate I am not sure about the lot-only value. With the structure, it's 1.3M (2-storey townhouse). Aware ako sa 'as is where is' na rule. Nakakalungkot lang na nagsilabasan lang yung true status ng bahay nung nalinisan na. Ginawa kasing tambakan ng mga basura. During pre-bidding inspection, akala ko roof lang ang major prob. Sobrang dami pa pla!

[@ottacoo]

Thanks po f or the video ^_^ Question lang po, kapag ba nagbuy ng foreclosed property, need ba sya na full amount ung babayaran, or pwede din hulugan? o depende po ung sa kung ano ung nakaset sa bank/pagibig? Salamat po ^_^

[@reynanteantoniza2898]

Sir,tanong lng po kung paano ko mapapaalis ung taong nakatira sa bahay na nakuha ko sa bidding ,hindi po sila ung dating nag mamay ari sila po ay tumira dun nong inabanduna ng dating nag mamay ari,ngaun po ayaw nilang umalis kc daw po sila na ang second owner..mapapaalis ko pa po ba sila dahil fully paid ko na po itong bahay.

[@makeitsimple0423]

Paano mo nmn mabenta ulit ang nabili mo foreclosed property for profit? Ilan percent ang decent na tubo mo. Thank you

[@mgatdula]

Hi Chris. Nice video. Just a quick question, when you flip a property, do you transfer the title to yourself first then to your buyer or is it possible to transfer direct to your future buyer? Thanks!

[@ChrisSuarezRealEstate]

Possible to transfer directly if your future buyer is okay with it. Some buyers can really be suspicious if they see that property is not under the name of the seller. I think it's a matter of explanation of how much money will be saved if there is only one transfer.:)

[@chedrickmaghanoy5567]

BRRR method nmn po sir

[@johnlenwellbermas1365]

May chance pa po ba makakuha ng foreclosed unit kung ang aking housing loan sa pagibig ay maForeclose?

[@maricarrevilloza4651]

Foreclosed property sana iaavail ko kaso dahil meron ng bidding at grabeng renovation pa. Nag avail nalang ako ng pre selling hahaha

[@joseemmanuelnavarro7210]

Sir question po, if planning to sell the property na thru foreclosed acquisition, then naka amortization siya, dapat bang bayaran ko muna ng buo ung loan ko sa bank? bago ma transfer? therefore dapat bilin ni buyer ng cash ung property ko? Salamat po.

[@danieldoctor2965]

Is it safe to buy red tags property? How to buy a property with a red tag on it?

[@ChrisSuarezRealEstate]

Hi Daniel! Its quite a risk since red tag properties have pending court cases. It may take some time for you to fully own the property.

[@mentalhealthenthusiastpina6287]

Hello sir. Kapag po sa bank na nakapangalan un title ng foreclosed property, sure na po ba un na free from pending court cases or other issue? Thank you!

[@ChrisSuarezRealEstate]

Hindi po, banks are transparent naman of may pending court cases pa ang property.

[@CoCo-ly8zx]

Hi Sir, new subscriber here. Tanong ko lng po paano ang computation monthly amortization? Ilang percent po ang interst rate po halimbawa long term po ang payment? Diba po halimbawa 5% initial payment and ung remaining 95% pano po ang computation ng amortization niya.. Thank you.. 😊

[@Terebiiii]

Pano po kapag pinaforeclose namin yung bahay dahil hindi mabayaran ang bahay? Pwede ba namin yun ibuy back para mas mura namin makuha yung bahay?

[@ChrisSuarezRealEstate]

There’s actually a redemption period where you can buy back your property after foreclosure.

[@applejean2938]

@@ChrisSuarezRealEstate what if redemption period is done?

[@anjmaria2466]

Hi po .. tanong ko lang po talaga po bang hindi na binabalik ang reservation fee ??.. tsaka po bakit ?? salamat po

[@ChrisSuarezRealEstate]

Hi, it depends kung ang developer ay walang License to Sell. Kung wala pa, you can ask for a full refund. Kung mayroon namang license to sell, talagang non refundable ito kung nakapag sign ka ng Reservation Agreement.

[@anjmaria2466]

wala po silang LTS .. pwede po kayang yun dahilan para makapagrefund sila??

[@cedlugz701]

Hello sir. Would you suggest buying foreclosed properties for the land itself specifically for capital appreciation?? Thanks. Looking to invest in properties. ☺️

[@ChrisSuarezRealEstate]

Hi Ced! Depends on its highest and best use. The are foreclosed properties with dilapidated structures and it might cost you more with the demolition. But if the lot itself has a really high market value then it would be a good buy.:)

[@cedlugz701]

@@ChrisSuarezRealEstate Thanks ☺️

[@sinhadesx]

But it is safe to buy foreclose?

[@ChrisSuarezRealEstate]

It really depends on how good or problematic the property is.:) Key is due diligence!

[@jokelang6846]

3:02 wow drug dens really exist! Cardoooooooooo!!

[@shelee5919]

Hi sir, may question po ako sana po mapansin nyo ung msg ko...pinadalhan po ako ng cancellation n dw po purchase ng condo unit ko dahil nga po nag pandemic kya nahirapan ako mag bayad. Inhouse financing po ako sir, nabasa ko po naka lagay sa Foreclosure Rules na binibigyan si buyer ng 90-120days pra m settle nya balance nya at mbawi ang property n binabayaran nya.From Nov 19 up to now wala p po sa days n nakasaad sa foreclosure rules.Pwede ko p po b settle lahat ng balances ko para po m stip foreclose ng condo unit ko? Sana po mapansin nyo ung message ko maraming salamat po.

[@ChrisSuarezRealEstate]

Hello She, were you able to avail bayanihan grace period during the pandemic?

[@shelee5919]

@@ChrisSuarezRealEstate parang wala pong bayanihan grace period. Nagpunta po ako kay developer sinabi ko po reason ko tinamaan din po kc ako ng covid binigyan po ako ng form state ko daw po dw reaaon ko hinihingan po ako ng medical certificate & medical record.Nag punta po ako sa doctor ung medical record dw po bawal dw po ilabas un medical certificate lang po issue sakin.Sabi po ni developer antayin p dw po if ma approve ung document n pinasa ko kc po request po ako ng old price gusto po nila sa billing reinstate ng new price.Sobrang burden po nun sakin....lahat po nag suffer sa pandemic now na ok n po ako and willing to pay lahat ng d ko nbayaran including penalties gusto po nila reinstate sa new price kc daw po cancel n daw po account ko.Ano po pwede nyo ma suggest sir salamat po sa time n pag reply nyo god bless po.

[@PeterParker-hf8ok]

do you remember kung san ung bahay na may blood stain?

[@ChrisSuarezRealEstate]

Somewhere in Concepcion Marikina

[@krshsnts]

@@ChrisSuarezRealEstate 😨

[@kreign2020]

Sayote po ba yang mga nasa likod? Haha

[@celiacortez2526]

yes, it's a bit scary to buy foreclosed property, you wouldn't know if a murder took place in that house.

[@walkingchantv5936]

Not cheaper anymore not like before

[@GeeSanPedro]

Scary! Hahahaha

[@sale8085]

take out the music pre

[@ChrisSuarezRealEstate]

I apologize for the distracting background music here.

[@cedced526]

kakatakot naman

[@renatodavid967]

mag tagalog ka na lang

[@johnsanchez5056]

Thanks Cris, Very helpful.