This property is included in the latest list of Cantilan Bank foreclosed properties that are for negotiated sale, updated as of 2024-November-18. More details below.
Property details
- Property Source: Cantilan Bank
- Property Address: MAKILAM, TAGUM, DAVAO ORIENTAL
- Lot Area (sqms.): 393.00
- Floor Area (sqms.): 104.62
- City/Municipality: Tagum
- Province: Davao Del Norte
- Classification: Residential Lot with Building
- Date of Appraisal: 20-Dec-2023
- Price: 1,558,585.00
- TCT Number: 142-2017005251
- Status of TCT: TCT under the Bank
- Remarks: Occupied with contract
“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
- Globe: 0966 356 7470
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 interest in
- Buyer should browse through the list and identify properties you are interest 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:
For Cash Basis
- Letter of Intent
- Valid ID with three specimen signatures
- Proof of Income or Other Source of Income
- TIN
For Sales Contract/Installment
- Letter of Intent
- Valid ID with three specimen signatures
- Proof of Income or Other Source of Income
- Proof of Billing
- TIN
Step 6: Wait for the offer to get approved/disapproved
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-November-18 with file Cantilan-Bank-foreclosed-properties-2024-November-18-compressed-1.pdf
Source: Jessie Ann B. Curada, Section Head-Legal Support Services Section, Legal Services Division, Cantilan Bank, Inc. ( A Rural Bank )