Archive for the ‘Real Estate’ Category

Impact of Dinna Revilla’s arrest on foreclosed property business

Wednesday, February 20th, 2008

Dinna Revilla - Riches in ForeclosuresThe renowned guru of foreclosed property investing in the Philippines, Dinna Revilla, was arrested three weeks ago and her supposed fraudulent schemes were featured last week on GMA7’s Imbestigador.

The arrest was based on estafa complaints by her investors, after Dinna allegedly continued collecting funds although the real estate properties were already foreclosed by the bank. In addition, several of the checks she previously issued as payment to investors bounced.

This development caused several people to believe that the foreclosed property investing venture espoused by Dinna and Think Rich! Pinoy author Larry Gamboa was a fraud.

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Posted in Featured Today, Real Estate | 3 Comments »

Dinna Revilla arrested?

Thursday, January 31st, 2008

The latest news in the Philippine real estate investing industry is that Dinna Revilla, a renowned guru of foreclosed property investing in the country, was arrested yesterday due to accusations of estafa.

Dinna Revilla, author of

Revilla, author of the foreclosed property investing book Riches in Foreclosures and mentor to Think Rich! Pinoy author Larry Gamboa, allegedly misappropriated the invested money of beauty queen and TV host Miriam Quiambao and four other people.

The Philippine Star and the Manila Standard have the scoop on the issue.

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Miriam Quiambao files raps vs realty firm

Former beauty queen Miriam Quiambao and four others filed a syndicated estafa case yesterday against an alleged incorporator of a real estate investment company before the Manila City Prosecutor’s Office.

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Posted in Real Estate | 15 Comments »

Buying and Owning Property in the Philippines

Sunday, September 24th, 2006

Compared to other countries, the Philippines still has a highly-regulated real estate industry. There are strict rules with regard to purchasing, owning, and investing in real estate and, by default, foreigners are not allowed to own property. Here's a primer to help you understand how to buy, own, and invest in real estate property in the Philippines.

Question 1: I am a former natural-born Philippine citizen but have become a naturalized American citizen. Am I still allowed to own land in the Philippines?

Answer 1: Yes. Any natural-born Philippine citizen who has lost his Philippine citizenship may still own private land in the Philippines up to a maximum area of 5,000 square meters in the case of rural land. In the case of married couples, the total area that both couples are allowed to purchase should not exceed the maximum area mentioned above.

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Posted in Real Estate | 7 Comments »