Buena Mano Foreclosed Properties

1. What taxes and fees are to be shouldered by the buyer? 

Buyers of Buena Mano foreclosed properties are responsible for all applicable transfer of ownership registration taxes and fees. These typically include: 

• Documentary Stamp Tax 
• Transfer Tax 
• Registration Fees 
• Notarial Fees 

Note: These costs are not shouldered by the bank and must be paid by the buyer. 

2. What payment modes are available when purchasing a Buena Mano foreclosed property? 

Accepted payment methods may include: 

• Cash payment 
• BPI Financing (subject to separate approval) 
• Other bank-approved payment arrangements 

Payment options may vary depending on the property and bidding guidelines. 

3. I am a licensed real estate broker. How do I become an accredited Buena Mano broker? 

To become accredited, licensed brokers must complete Buena Mano’s broker accreditation process, which includes: 

• Submission of required professional documents 
• Compliance with Buena Mano’s accreditation standards 
• Coordination with Buena Mano’s assigned sales teams 

Once accredited, brokers may legally market and sell Buena Mano’s listings. 

4. Property Classifications for Buena Mano Foreclosed Properties 

Buena Mano categorizes its listings to help buyers understand the type and condition of assets. Classifications typically reflect: 

• Property condition 
• Asset type (residential, commercial, auto/chattel) 
• Documentation status and availability 

These labels help buyers assess suitability prior to bidding. 

5. How to Buy Buena Mano Foreclosed Properties?  

General Guidelines 

The standard buying process includes: 

1. Coordinating with the designated Sales Officer listed per property  
2. Conducting due diligence on the property. 
3. Joining the online sealed bidding or submitting offers through the official online bid form. 
4. Reviewing and complying with terms & conditions posted on the Buena Mano website. 

These steps ensure transparency, fairness, and consistency across all buyers.