“ Once you submit an Offer to our Customer Care Desk, you will be informed if your offer has been accepted. What taxes and fees are to be shouldered by the buyer? Interested party is directed to verify status of the case/s from the court/s. Titles of these properties are either with legal annotations, adverse claims or lis pendens. Red Tag properties are real estate properties specifically with pending court cases (under litigation) filed by either the previous owners against the bank or 3rd party claimants. Yellow Tag properties are real estate properties with any of the following “special concerns” such as but not limited to: Titles and/or Tax Declarations are still in process of transfer to the bank which foreclosed the property/ies or Titles are already under the name of the bank but the properties are still occupied by the former owners, tenants or illegal occupants or there are property documents that still need to be updated.
Green Tag properties are real estate properties already cleared with Titles and Tax Declarations duly consolidated / transferred under the name of the bank which foreclosed the property/ies with its authorized caretakers, particularly those with improvement and can be visited/ inspected anytime.
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