February is turning out to be a very busy month when it comes to foreclosed property auctions, as UnionBank will be having their 197th Special Public Auction on February 23, 2013, Saturday, 9:00am, at the Function Room No. 1, 28th Floor, UnionBank Plaza, Meralco Ave. cor. Onyx Road, Ortigas Center, Pasig City, Philippines.
This auction includes properties from the Luzon, Metro Manila, and the brand new AMALFI house and lots located in Dasmarinas Cavite.
Auction proper starts at exactly 9:00am, so bidders are reminded to come early to register.
Note: This UnionBank auction will be on the same time and day of the 44th RCBC Properties Auction and the Dream Buys Auction of RCBC Savings Bank.
Auction terms
UnionBank still offers very affordable payment terms as follows:
- Cash purchases will get a 5% discount (terms and conditions apply)!
- Installment terms are as follows:
| Downpayment: | 10% (minimum) 6 months to pay at zero-interest |
| Interest: | 11% per annum (fixed for 15 years) |
| Term: | 15 years (maximum) thru in-house guaranteed financing |
*Still no credit checking for residential properties!
Interested bidders only need to bring Php20,000 show money in the form of cash or manager’s checks (MC) per property.
Download the UnionBank foreclosed properties listing
You may download the complete list of foreclosed properties included in UnionBank’s 197th special public auction on February 23 2013, just click on the image below…
or click on the following link:
Source: Lance Yadao of UnionBank’s Asset Recovery Group
How to inquire
To inquire about any of the foreclosed properties on the list, please call UnionBank directly through the following:
| Mobile Nos. 0920-96 ASSET (27738) / 0917-81 ASSET (27738) | |
| LANCE | 637-1445 or 667-6388 local 8362 |
| ERIQ | 638-1445 or 667-6388 local 8373 |
| DORIS | 638-0125 or 667-6388 local 8358 |
| RAP | 667-6388 local 8364 |
| RONALD | 637-1445 or 667-6388 local 8372 |
| GEL | 667-6388 local 8374 |
| JENNY | 637-1441 / 667-6388 local 8376 |
| MARLON | 667-6388 local 8371 |
*Please call during office hours: 8:30am to 5:30pm (Monday to Friday)
The “fine print”
Commercial properties are subject to credit approval
CWT is for the account of the buyer
The sale is on an “as is where is” basis Misprints are not misrepresentation of any property
UnionBank may, at anytime, withdraw any of the properties listed above prior to auction
Are you bidding?
If you are going to bid on a property, and you learned about the property from www.foreclosurephilippines.com, kindly acknowledge me as your referror during the auction.
We would appreciate it if you can call/text to confirm your attendance so we can reserve a seat for you during the auction. Thank you.
Happy hunting!
~~~
To our success and financial freedom!
Jay Castillo
Real Estate Investor
PRC Real Estate Broker License No. 3194
Blog: https://www.foreclosurephilippines.com
Connect with us – Facebook | Twitter | Blog RSS | Google +
Text by Jay Castillo and Cherry Castillo. Copyright © 2008 – 2013 All rights reserved.
Full disclosure: If a buyer will acknowledge me as their referror, I may receive referral fees (at no additional cost to the buyer). Thank you in advance for supporting our hard work and this website.
hi sir.jay gusto ko lang po malamn pwede ko po b ibenta un bahay ko sa iba khit nsa housing loan pa po ako sa unionbank,ano po b un mga dapat gwin just in case my buyer n po tlga un house ko..
have u come across some commercial space with busy frontage,
Sir, may we inquire the residential house located at taytay, rizal (Property number 85). Very interested here.Thanks!
Can you help me to sell my house and lot in Provident Village, Marikina City?
How do I conduct an internet auction?
Or request you to be my broker, just exploring the idea though, we can talk about it.
Gerardo Ty Veloso
My wife went by and inspected both of these homes and they are occupied at the present time. Do they have a clear title? Also the homes are in much needed repair and we found out that one buyer withdrew after placing a deposit on the house because it needed a lot of renovations. I am still interested in the two homes as an investment but not at the current starting bid. After the Feb auction can I submit a proposal to Union bank for both homes collectively and can you facilitate this action. Thank you in advance for the information and help in this matter.
Jonathan Devney
Hi Jonathan, I’m sorry to hear they are still occupied. Yes, you can submit an offer afterwards. I’ll ask if they both have clean titles and get back to you asap. Thanks!
Mr. Castillo
My wife and I are interested in several properties. Do you have any details on the following properties:
93 LA 102 / FA 40
94 LA 107 / FA 70
Pixs and how we may gain access to the homes to inspect them. Also is this area prone to flooding? My wife would also like to call you in reference to some other properties we are considering. Thank you in advance for your help.
Jonathan Devney
Hi Jonathan, I’ll help coordinate with Lance Yadao on how you can view said properties. With regards to flooding, I’m sorry but I have no information, it would be best to find out during inspection. Yes, please do tell your wife she may call me during office hours at +639178843882. Thanks!
Pictures are as follows:
Property 93:
Property 94
Jay,
I am emailing to verify if the two homes I was interested in sold and did you find out if they had a clear title. If they didn’t sale and have a clear title I am wanting to place a combined offer for both homes ASAP. I am presently in the US but my wife is in the Manila area and can coordinate with you the purchase of the two homes. Please advise me at your earliest convenience.
Hi Sir Jay,
I am overseas, what are my options po since I wouldn’t be able to attend the bidding.
Thank you.
Hi Rochelle,
You will need to have a consularized Special Power of Attorney or SPA for a trusted representative who can represent you during the auction, and who can sign documents on your behalf.
However, I highly recommend that you or your representative personally inspect any property before you bid as part of due diligence.
Hi Sir Jay,
Maraming salamat po.
Regards
Sir Jay,
Are the prices specified on the foreclosure listing the minimum bid? Does that mean during bidding, it is basically the starting price?
Assuming a certain property was not sold on auction date, can I negotiate the price meaning offer a lower price (I think appropriate) and be accomodated by the bank?
Thank you.
Alvin
Hi Alvin, yes, the listing indicates the minimum bid prices and the bidding starts from there. After the bidding, unsold properties are available for negotiated sale (offers can be lower than the minimum bid price), subject to management’s approval.
just an opinion. Is it not that most of the indicated min. bid seem to match the current market price for new properties especially condominiums. Then, better to buy new ones which prices are very competitive?..
Hi Jen, thanks for sharing your opinion. Yes, most would seem to match the current market values of resale properties but not ALL. I still find myself scratching my head when I see someone buy a property which I later realize to be quite cheap.
By the way, you mentioned “… better to buy new ones which prices are very competitive?”, can you cite a few example of such brand new condos so i can check their pricing and compare? Thanks.
I agree Sir Jay, I saw one at BPI Buena Mano, a unit in The Columns, Makati is being sold at approximately 100k per square meter(3.8M for the 38sq.m. unit), I believe, ganon din po ang selling price per square meter sa mga new condominium in the area.
Bakit po kaya minsan ganon, same price lang ung foreclosed sa new unit?
Regards,
Rochelle
Thank you Sir Jay. How do I know then if the property I’m eyeing was not sold on auction date?
Hi Alvin, you can easily get a post-auction listing from any Unionbank officer. 🙂