Sunday, June 14, 2009


Today, it is a wise decision to buy foreclosed properties rather than to buy a new one. it is because foreclosed properties are much cheaper than new ones. I have a friend wanted to buy a property for his family. He has been renting a house for 10 years already. He checked out some subdivisions and found out that he has to pay around 5 to 6 thousand pesos on a monthly amortization for a property. I told him to try to visit the PAG-IBIG office so that he can compare the prices between a new one and a foreclosed property.

The trick in finding the right one in a foreclosed properties is that you have to see to it that the location of the property that you wanted is ideal for your family and consider also when you are working. The monthly amortization for a foreclosed property would only be around 1,500 to 2,000 pesos which is a very affordable to anyone.

After I told my friend, he went back to me and said that it was a good thing that he listened to my suggestion to visit the Pag-ibig office first. He was able to buy a property that he selected from the list of foreclosed properties. The list is situated at the entrance of the office. He will be transferring there by the end of the month. It is better to have a property of your own rather than keep on paying the monthly rent of a property that will never be yours.