Squatters & Headaches: How We Filter Properties Before You Ever See Them
The Elephant in the Room: “May Tao Ba?” (Is there someone inside?) It is the first question every Filipino buyer asks when looking at a foreclosed home. You don’t want to buy a house, only to spend the next 3 years in court trying to evict a former owner who refuses to leave. Not All […]
The Elephant in the Room: “May Tao Ba?” (Is there someone inside?)
It is the first question every Filipino buyer asks when looking at a foreclosed home. You don’t want to buy a house, only to spend the next 3 years in court trying to evict a former owner who refuses to leave.
Not All Foreclosures Are Created Equal
Banks classify assets based on “Possession Status.”
- Red Tag (Occupied): These properties are cheaper, but they come with “baggage.” You, the buyer, are responsible for the ejectment case. This is for advanced investors only.
- Green Tag (Unoccupied/Clean): The bank has already secured possession. The house is empty. You get the keys immediately after closing.
The PropertyAuctions.ph Filter
Our catalog isn’t a random dump of data. We prioritize Green Tag assets. We believe the average buyer shouldn’t have to play lawyer. Before an asset makes it to our “Premier” auction block, we check:
- Physical Possession: Is it empty?
- Caretaker Status: Is the bank’s security guard currently securing it?
Don’t Buy a Lawsuit. Buy a Home
When you browse our catalog, look for the “Vacant” status. It’s the difference between moving in next month or moving in next year.
