Cantilan Bank Foreclosed Rice Land – CARAS-AN, TAGO, SURIGAO DEL SUR (Lot Area: 1,172.00 sqm)

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: CARAS-AN, TAGO, SURIGAO DEL SUR
• Lot Area (sqms.): 1,172.00
• Floor Area (sqms.):
• City/Municipality: Tago
• Province: Surigao Del Sur
• Classification: Rice Land
• Date of Appraisal: November 20,2023
• Price: 117,200.00
• TCT Number: P-44934
• 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
• 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:

 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 )