First Look: Cantilan Bank Foreclosed Properties (November 2024)

This is our first time to feature Cantilan Bank and their foreclosed properties. This list is updated as of November 18, 2024. Details below.

Listing Summary

• This list comes directly from Cantilan Bank.
• There are a total of 36 foreclosed properties in this list from Provincial areas.
• Steps to purchase said properties are available below

Cantilan Bank foreclosed properties List (Database)

To view all Cantilan Bank foreclosed properties with easy searching and filtering, access them all through our “Foreclosed Properties Database” below:

==> Click here to view searchable list of Cantilan Bank Foreclosed Properties (Database)

View/Download Cantilan Bank Foreclosed Properties (PDF)

You may view and/or download the complete listing and other details from Cantilan Bank below.

Source: Jessie Ann B. Curada, Section Head-Legal Support Services Section, Legal Services Division, Cantilan Bank, Inc. ( A Rural Bank )

Reminder: You will need Adobe Acrobat Reader to view PDF files, which is free to download at Adobe.com

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

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]

Disclaimer and Reminders

• 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.

About Cantilan Bank

Established in 1980, Cantilan Bank Inc. (A Rural Bank) has helped improve the economy of many communities through its innovative products and services. With its 47 branches and branch lites, the Bank provides financial access to over 100 communities across 13 provinces in Mindanao and the Visayas. Cantilan Bank is regarded as one of the leading rural banks in the country… [Read More]

Source: Cantilan Bank Website