OpenSesame.PH
OpenSesame.PH is the first digital foreclosed property marketplace in the Philippines, optimizing asset acquisition through efficient processes and full, transparent support.
What Are Foreclosed Properties?
Home buyers who take home loans from lenders pay a monthly sum called an 'amortization'. Financial institutions usually require a collateral property to secure the risk of their lending. Banks acquire and possess the collateral properties when borrowers are unable to pay their due. These acquired assets undergo a process called foreclosure, making these assets 'foreclosed properties.'
At OpenSesame, we see foreclosed properties not just as distressed assets, but as second chances—homes, lots, and buildings that are waiting to be rediscovered.
The Problem
Banks Don't Sell Houses for Business
Financial institutions earn from financial products. They don't foreclose properties to earn. That's unethical.
Banks usually lack this machinery to sell real estate. The longer they remain in inventory, the more they lose in interest opportunity cost, and the more expenses they incur to maintain them.
Buyers Shouldn't Enter This Blindly
Foreclosed property stories often get sensationalized, leading people to believe that investing in these assets means sacrificing quality or time.
In reality, there's a trove of foreclosed properties ready to be rediscovered—if only they get to shine through transparent and thoughtful disclosures.
Foreclosed properties are poised to become alternative investment real assets.
What We Do
- Centralize Listings: We gather verified foreclosed and distressed properties from banks into one transparent marketplace.
- Simplify Transactions: Our in-house broker assists every step of the way—from due diligence to documentation and negotiation.
- Empower Buyers: Through clear property details, price clues, and guides, we help buyers make confident, informed decisions.
- Support Partners: We provide financial institutions with a trusted digital channel to liquidate foreclosed assets efficiently.
Why “OpenSesame”?
Every great story starts with unlocking something hidden. Just as the magic words revealed treasures in old tales, OpenSesame opens access to opportunities that were once hard to reach—turning foreclosed properties into fresh starts.