How do I buy a bank foreclosed property in the Philippines?

To buy a foreclosed property, you typically need to submit an offer to the holding bank. Most banks require at least a 20% downpayment once your offer is accepted, with the balance payable through cash or bank financing. Soolok simplifies this by providing verified listings and direct inquiry channels.

Are foreclosed properties sold 'As is, Where is'?

Yes, almost all bank foreclosures in the Philippines are sold on an 'As is, Where is' basis. This means the buyer accepts the property in its current physical and legal condition. We highly recommend conducting an ocular inspection before submitting an offer.

Can I get a loan for a foreclosed property?

Yes, many banks offer housing loans specifically for their own foreclosed properties, often with competitive rates. Some even offer 'in-house' financing for easier processing.

Foreclosed Homes Philippines - Affordable Bank Properties

Browse 1,911 bank foreclosure properties in the Philippines: BDO, BPI, Security Bank, Metrobank, UnionBank, Pag-IBIG. Verified ROPA listings, up to 50% below market value.

Bank Foreclosure Properties in the Philippines

Soolok aggregates verified bank foreclosed properties across the Philippines from partner banks including Security Bank, BPI, Metrobank, UnionBank, and Pag-IBIG Fund. Properties are sold on an "As Is, Where Is" basis at prices typically 20–50% below market value. Soolok does not charge buyers any service fees or commissions — the only costs are government transfer taxes and bank loan application fees.

Property Types Available

Residential houses and lots
Condominium units
Townhouses
Vacant lots for development
Commercial properties

Locations Covered

Foreclosed properties are available across Metro Manila (Makati, Quezon City, Pasig, Taguig, Parañaque), Cavite, Laguna, Batangas, Bulacan, Rizal, and Pampanga, among other provinces.

Sample Listings

Condominium — Uint B, 10Th Floor, Suntrust Treetop Villas, Cluster 2, Barangay Hulo, Mandaluyong City, Metropolitan Manila — ₱4,350,000
Condominium — Unit 1510, 15th Floor, Amaia Skies - Sta. Mesa Tower 1, V. Mapa Street corners of Valenzuela and 1st Street, Barangay 600, Zone 59, Sta. Mesa, — ₱2,530,000
House & Lot — Lot 38, Block 14, Vallejo Street Corner Nogalez Street, Villa Lessandra Phase 2, Barangay Salinas I, Bacoor City, Cavite — ₱3,036,200
House & Lot — Lot 26 Blk 12 Glendale St., Canyon Ranch Phase 2, Brgy. Lantic, Carmona, Cavite — ₱7,480,000
Condominium — Unit 5902, One Oasis Cebu Condominium - Building 5, President Magsaysay Street, Barangay Kasambagan, Cebu City — ₱4,805,000
Condominium — Unit 112 1st Floor, Manchester Building, Camella Northpoint, Barangay 19, Poblacion District B, Davao City, Davao Del Sur — ₱4,077,600
Condominium — Unit A, 9Th Floor, Cluster 4 Building, Holland Park, Southwoods, City, Barangay San Francisco, Biñan City, Province Of Laguna — ₱3,484,000
House & Lot — Lot 19 Block 26, Carmel Village, Phase 2 Brgy Barandal, Calamba City, Laguna — ₱1,477,300.125
House & Lot — Lot 3067-B-1 Along Nagano Road, Barangay Nieves, Municipality of San Leonardo, City of Nueva Ecija — ₱4,618,620
House & Lot — Lot 13-A, Ruby St., Emerald Coast Executive Village, Brgy. Peas / Duale, Limay, Bataan — ₱1,690,500
Vacant Lot — Lot 32, Block 5, GC Berberabe Subdivision, Brgy. Pallocan East, Batangas City, Batangas — ₱994,500
House & Lot — Lot 9-B, PSD-04-196771, Brgy. Dagatan, Purok 2, Dolores, Quezon — ₱2,228,900
Commercial — Unit 304 and 305, 3/F, Prestige Tower, F. Ortigas Jr. Rd (Emerald Avenue), Brgy. San Antonio, Ortigas Center, Pasig City — ₱30,192,000
Condominium — Unit No. 419, 4Th Floor, Valero Plaza Condominium Valero Street, Salcedo Village, Makati City — ₱5,070,943
Condominium — Unit 3626, 36Th Floor, North Tower (Tower 1), Amaia Skies Shaw, Barangay Highway Hills, Mandaluyong City, Metropolitan Manila — ₱2,954,000
House & Lot — Lot 12 Block 9 No. 23 Amalingan Street, Greenheights Subdivision, Brgy San Isidro, Parañaque City Metro Manila — ₱19,231,000
Condominium — Unit 721 Type "L" 7th Floor Esperanza Residence, Inside Amaia Steps Pasig Phase 1B, Eusebio Avenue, Barangay San Miguel, Pasig City — ₱5,141,000
House & Lot — Lot 23, Block 6, Road Lot 3 (Valle Street), Camella Cerritos Terraces, Barangay Molino IV, Bacoor City, Cavite — ₱6,745,022.5
Agricultural — Lot F-1, PSD-213691, Brgy. Vargas, Santa Ignacia, Tarlac — ₱7,864,800
House & Lot — Lot 16, Block 8, Yangtze St., Golden River Village, Brgy. Taculing, Bacolod City, Negros Occidental — ₱3,220,100

How to Buy a Bank Foreclosure Through Soolok

Buyers deal only with Soolok — no need to visit or contact multiple banks separately. The process: submit an offer form, Soolok processes and submits it to the holding bank, approval typically takes 2–3 weeks, then the buyer pays a 20–30% downpayment in cash. The balance can be financed through the holding bank's in-house loan or any bank of the buyer's choice. Move-in timelines range from 1 month (in-house financing) to 3–4 months (third-party financing).

Frequently Asked Questions

Are bank foreclosures sold "As Is, Where Is"?: Yes. Almost all bank foreclosures in the Philippines are sold on an "As Is, Where Is" basis, meaning the buyer accepts the property in its current physical and legal condition. Soolok strongly recommends conducting an ocular inspection before submitting an offer.
Do banks offer cash discounts on foreclosed properties?: Yes. Security Bank offers a 1% discount, UnionBank offers a 5% discount, and Metrobank offers a 10% discount for cash purchases on properties held by the bank for at least three years. These discounts apply to the full purchase price when paid entirely in cash upon award.
Can I use Pag-IBIG to finance a foreclosed property?: Yes. Soolok is Pag-IBIG accredited. Buyers can use their Pag-IBIG Fund savings to finance the balance after paying the 20–30% cash downpayment to the selling bank. Pag-IBIG financing requires at least 24 monthly contributions and the property must meet Pag-IBIG's appraisal requirements.
Does Soolok charge buyers any fees?: No. Soolok does not charge buyers any service fees or commissions. The only costs a buyer pays are government transfer taxes and any loan application fees charged by their chosen bank or financing institution.