Due Dilegence

 What is Due Diligence in real estate?

Due diligence is the effort made by an ordinarily prudent or reasonable party to avoid harm to another party or himself. The term "Due diligence"  is used  for a number of concepts involving either the performance of an investigation of a business or person, or the performance of an act with certain standard of care.

Due diligence is both for the Buyer and the Seller

However, it is not only the buyer who will carry out due diligence, the sale of a property will invariably include warranties given by the seller in relation to certain aspects of the property.

                                                

BPI Family Housing Loan

Frequently Asked Questions (FAQ's)

1. Who are eligible to apply for a BPI Family Housing Loan?

Any of the following who are of legal age but not more than 65 years old upon maturity of the loan:

• Filipino
• Foreigner married to a Filipino citizen (subject to specific documentary requirements)
• Foreigner with issued immigrant / resident visa (subject to specific documentary requirements) but solely for the acquisition of a condominium unit only

                                                                                                                                                                                                           

List of Philippine Holidays for 2018

MANILA, Philippines – Malacañang has released the list of holidays for 2018.

(Photo Credit: CNN Philippines)

President Rodrigo Duterte signed Proclamation No. 269 on July 17. It was released for public dissemination on Wednesday, July 19.

Avida Towers Prime Taft

Property Details

Right at the heart of three major cities, Manila, Pasay and Makati - lies Avida Towers Prime Taft the center of A+ life. (Brand Pillar: Accessibility, Talk Point: Location and Retail Area). This 3-Tower is strategically located along the more peaceful side of Taft Avenue, this high-rise home is comfortably set in a safe, secure and organized community. An approx. 9,884.60 sqm. property composed of 3 towers. Situated at: Brgy. 34, Zone 3, Taft Ave, Pasay City.

Bulacan towns on the lookout for Kadamay

City of Malolos — The governments of Bocaue and Bustos towns and the Bulacan police have strengthened their 24-hour watch over housing sites meant for soldiers and policemen, two months after members of the Kalipunan ng Damayang Maralita (Kadamay) made a series of failed attempts to occupy idle units there.

One Wilson Square-Located near GreenHills Shopping Center

property details

Easy access to the major thoroughfares and business districts in Metro Manila, One Wilson Square is located at Wilson Street, San Juan. It lies close to Greenhills and the intersection of EDSA and Ortigas, making a drive to Ortigas and Makati easier. The spacious and exquisitely appointed private condos for sale provide you full access to an enhanced level of luxury.

Project Location : Ortigas Ave cor. Wilson St Greenhills, San Juan CityOne Wilson Square

Developer : Federal Land, Inc.

HLURB LS NO. 28483 (Date of completion: June 2017)

Turn-Over - 4th Quarter 2017

Producers Bank Housing Loan

Housing Loan

 I. Who are qualified to avail?

Employees of public or private institutions who are permanent for at least three (3) years or existing depositor/s of the Bank with established business who wish to acquire vacant lot, brand new/pre-owned house and lot, or town house unit or residential condominium unit; repair/renovate or improve existing house, or townhouse or residential condominium unit; construct new house.
 Self-employed individual with stable/adequate cash flow from his own business operating for at least two (2) years.

Avida Towers Asten – Located in Makati Central Business District

property details

Avida Towers Asten is a high-rise residential condominium located in West Makati. The name “Asten” is DutchAvida Towers Asten word that means “To affect”. Here, everyday living resonates with a distinct life, color and inspiration. This is precisely why it has the capability to affect its residents with a unique lifestyle vibe that captures their interests and aspirations.

Tower 1 – HLURB LTS No. 029216 (Completion date: June 2017)
Tower 2 – HLURB LTS No. 029305 (Completion date: December 2017)
Tower 3 - HLURB LTS No. 032335  (Completion date: November 2020)

LRT-2 East extension project breaks ground

Manila, Philippines - Officials of the Department of Transportation (DOTr) led the groundbreaking ceremony Tuesday for the Light Rail Transit Line 2 (LRT-2)  East Extension Project, which will extend the existing train line from Santolan in Pasig City to Masinag in Antipolo, Rizal.

Eastwood Legrand -MEGAWORLD

Property Details

Eastwood LeGrand 1 and 2

Experience the high life in Eastwood LeGrand Towers 1 and 2. Here, the luxury of live, work, play, and learn revolves around you because it is strategically located inside the famous Eastwood City – the first master-planned IT Cyberpark in Libis, Quezon City. This French-inspired two-tower enclave has direct access to an array of the township’s modern facilities such as the Lifestyle Mall, wellness centers, retail hotspots, high-end office towers, and world-class learning institutions.

Manhattan Garden City-MEGAWORLD

Property Details

Manhattan Heights is the newest development of Megaworld Corporation within the Manhattan Garden City in Araneta Center. This 4-tower high-end condo lies across Ali Mall, and only a few blocks away from other commercial, entertainment, and leisure centers. This property certainly stands out and improves the city sky line with its one of a kind architectural design. Manhattan Heights boasts with excellent facilities and amenities that are mostly located at a podium level for more exclusivity and relaxing ambiance. 

Kathleen Place 4 Townhouse near SM Novaliches, Quezon City

Property Details

Kathleen Place 4 Townhouse is near TV5 and only 5 minutes to SM Novaliches. It is located at S. Francisco St. Barangay San Bartolome, Novaliches, Quezon City

30 mins drive or 7.7 km to SM City North EDSA

31 mins drive or 7.7 km to Trinoma

Pag-IBIG Fund and LRA partnership make housing loan processing faster

Press Release

Pag-IBIG Fund recently updated its stakeholders about its partnership with the Land Registration Authority (LRA). Since its launch in June 2013, the LRA kiosk inside the Pag-IBIG office in the National Capital Region (NCR) has released more than 4,400 certified true copies of Transfer Certificate Titles (TCTs) and Condominium Certificate Titles (CCTs). The kiosk is located at the 2nd floor of the Pag-IBIG Fund Housing Sector, 409 JELP Business Solutions Building, Shaw Boulevard, Mandaluyong City. 

Pag-IBIG offers lowest-ever 3% housing interest rate to minimum-wage earners

Press Release 

A lowest in the market housing loan interest rate is now offered to Pag-IBIG members who are minimum-wage earners. 

“We are happy to announce that the Pag-IBIG Fund Board of Trustees approved the lowering of interest rate under Pag-IBIG’s affordable housing for minimum-wage earners to just 3%. This would allow more opportunities for low-income workers to realize their dream of home ownership,” said Cabinet Secretary and Pag-IBIG Chairman Leoncio B. Evasco, Jr. 

Revenue Memorandum Order No. 12-2017

Date: May 15, 2O17

SUBJECT: GUIDELINES AND PROCEDURE TO STREAMLINE THE PROCESS AND ISSUANCE OF CERTIFICATE OF TAX EXEMPTION (CTE) AND ELECTRONIC CERTIFICATE AUTHORIZING REGISTRATION (eCAR) FOR TRANSFERS OF RAW LANDS TO COMMUNITY/HOMEOWNERS ASSOCIATIONS FOR SOCIALIZED HOUSING PROJECTS UNDER ARTICLE VIII, SECTION 32, OF REPUBLIC ACT (RA) NO. 7279, OTHERWISE KNOWN AS THE URBAN DEVELOPMENT AND HOUSING ACT OF 1992''

NHA sets deadline for AFP, PNP personnel to occupy housing units

The National Housing Authority (NHA) is giving the military and police personnel until June 15 this year to occupy government housing units awarded to them, or else, the projects will be given to other qualified beneficiaries such as public school teachers and informal settlers.

PNB Housing Loan

Whether you're a first-time home buyer, or looking to invest in additional real estate, you will find PNB Sure Home Loan the ideal solution to your home loan requirements. Sure Home gives you one of the higher loan amounts in the industry coupled with one of the lowest interest rates. Add to that the convenience of flexible terms and you will see why PNB Sure Home Loan is a sure deal for your housing loan needs.

BDO Home Loan

Purchase or construct new home, renovate existing home, or simply want another property for investment. Maximize loan up to 80% of the appraised value of property or apply for a minimum of P 500,000. Interest rates with options for longer fixing period to help you manage your monthly payments.

Union Bank Home Loan

Requirements to apply for UnionBank’s Home Loans

• Individuals gainfully employed and with permanent status
• Individuals engaged in own business operating profitably for at least 2 years or a partner in a registered ownership
• Must be of legal age, not more than 65 years old upon application and must not exceed the age of 70 years upon loan maturity

• Must have a good credit standing

Security Bank Home Loan

Loan Amount Up to 80% of appraised value
Payment Terms Up to 20 years
Joint Gross Monthly Income (minimum) P50,000
Approval Time 5 banking days
Minimum Loan Amount  P1,000,000