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Foreclosures: Path to Homeownership for Filipinos


Don’t be limited by your budget. Take advantage of foreclosure investments at the Lamudi Housing Fair this November

MANILA, 5 November 2016: As the Philippine real estate industry continues to flourish, more and more properties are being developed especially in all vibrant and emerging cities of the country. Although this progress means success to the sector and to the economy, it affects the purchasing power of common Filipinos toward home ownership, as it means more expensive homes.

Foreclosures: Path to Homeownership for Filipinos

To address this problem, other viable means to own a property are being explored. One option that continues to gain popularity is the acquisition of foreclosed properties. Lamudi Philippines and partner My Saving Grace Realty & Development Corporation (MSGRDC) will showcase some of the 15,000 foreclosed properties that they manage and will offer it for auction to the public at the Lamudi Housing Fair on November 1820 at the SM Megamall.

MSGRDC is a brokerage owned by Ramil Alquileta that specializes in foreclosed properties. In the process, the real estate firm also educates Filipinos about the advantages of foreclosures. The foreclosed properties handled by MSGRDC are owned by different banks and Special Purpose Asset Vehicles Companies (SPAV).

Alquileta believes that with proper education, foreclosures can indeed be a smart way to put a real estate asset under your name. To further help people who are eyeing their first investment, Alquileta also enumerated some of the advantages of buying foreclosed properties: (a) Buyers can use regular mortgage financing; (b) Properties are clean and named under reputable owners such as banks; (c) and most especially, property is sold for outstanding mortgage balance, which means it is priced way lower than the market standard.

Know more about foreclosed properties acquisition and take advantage of the property auction only at the biggest housing event in the country this 2016. Apart from the auction, the Lamudi fair will also feature the widest selection of properties and offer exclusive discounts to home buyers and property investors. Investment and homebuying seminars and virtual reality application in real estate can also be learned and enjoyed at the fair.

For more information visit

Pia Lorraine Yater-Dalmazo
PR and Media Relations
Phone: +63 915 2020882
Lamudi is a leading global property portal focusing exclusively on emerging markets. It offers sellers, buyers, landlords and renters a secure and easy-to-use platform to find or list properties online. Lamudi was established in 2013 in Berlin, Germany and it is currently available in Latin America (Mexico, Colombia and Peru), Asia (Philippines, Bangladesh, Indonesia, Myanmar, Pakistan, Sri Lanka) and Middle East (Jordan, Qatar, Saudi Arabia, United Arab Emirates). Within fewer than three years, Lamudi has established its presence as a key online real estate marketplace in the countries where it is operating. For more information, visit Lamudi Philippines on Facebook, Twitter, Google+, LinkedIn, and Instagram.

Established in September 2010, is one of the leading Philippine real estate online and print brand that brings property buyers and sellers together. The website’s main offerings are listings of pre-selling properties and properties for sale and for rent. Both website and magazine also provide relevant and updated industry news and information for its clients and consumers. And with the release of its mobile version, finding or selling a home is made even easier. For more information, visit MyProperty on Facebook, Twitter, Google+, and Instagram.

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