Cantilan Bank Foreclosed Abaca – CATABADAN, SAN MIGUEL, SURIGAO DEL SUR (Lot Area: 32,935.00 sqm)

This property is included in the latest list of Cantilan Bank foreclosed properties that are for negotiated sale, updated as of 2024-December-11. More details below.

Property details

• Property Source: Cantilan Bank
• Property ID No.: 005-046
• Property Address: CATABADAN, SAN MIGUEL, SURIGAO DEL SUR
• Lot Area (sqms.): 32,935.00
• Floor Area (sqms.):
• City/Municipality: San Miguel
• Province: Surigao Del Sur
• Classification: Abaca
• Date of Appraisal: 20-Nov-2023
• Price: 115,272.50
• TCT Number: KOT P-48666
• Status of TCT: For Title Consolidation
• Remarks: Unoccupied

“Disclaimer:

• All properties are sold on an “as-is, where-is” basis.
• All offers are subject to approval by Cantilan Bank, Inc.
• Prices listed are valid for six (6) months and may change without prior notice.
• Buyers are responsible for conducting due diligence on the property’s physical and legal conditions.”

Contact Info

For inquiries, please contact Cantilan Bank directly through their contact info below:

Contact Person: Mr. Joy P. Cosmiano – ROPA Department Head

Contact Numbers

• Smart: 0963 972 7891

Email:

• Email: [email protected]

Steps for acquiring ROPA properties with Payment Terms

Here’s a brief overview of the buying process. (As always, only proceed with the purchase if you have done Proper Due Diligence).

Step 1: Identify Properties you are interested in

• Buyer should browse through the list and identify properties you are interested in.

Step 2: Contact Cantilan Bank for Details

• Buyers should reach out directly to Cantilan Bank for property information, payment terms, and to schedule an ocular inspection, etc.

Step 3: Conduct Due Diligence

• Buyers are encouraged to conduct personal inspections and verify the title or tax declarations. Buyers abroad may delegate this to a trusted relative but are advised to inspect personally if possible.

Step 4: Select Payment Terms

• Cash Basis/Outright Sales
  • 100% Full Payment – The total purchase price shall be paid in full upon offer approval

• Sales Contract/ Installment
  • 50% Partial Payment – To be paid upon execution of the contract
  • 50% Monthly Amortization – The remaining 50% shall be amortized monthly over one (1) year with an additional interest rate of 15% per annum.
  • Note: Interested SCR buyers will undergo an assessment of their capacity to pay and are subject to management approval

Step 5: Submit an Offer

• Offers are processed on a “first-come, first-served” basis.
• Required documents:

Step 6: Wait for the offer to get approved/disapproved

The bank will contact you with the status of your offer

View the complete list of Cantilan Bank foreclosed properties

To view the entire list of foreclosed properties in this update, you may visit the following page:

==> Cantilan Bank Foreclosed Properties for sale

Last updated on:  2024-December-11 with file Cantilan-Bank-foreclosed-properties-2024-December-11-compressed_.pdf

Source: Cantilan Bank, Inc.