Finally, RCBC Savings Bank has already posted a softcopy of their listings of foreclosed properties for sale in the upcoming Mega Property Auction at their website and they even posted an announcement for this. Both RCBC and RCBC Savings Bank foreclosed properties are included in the public auction on June 26, 2010, which shall be held at the Podium 4 Lobby, RCBC Plaza, Ayala Avenue corner Buendia Avenue, Makati City, Philippines. More details below.
“MEGA PROPERTY AUCTION!”
Metro Manila, North & South Luzon
June 26 2010 • Saturday • 9:30 AM
Podium 4 Lobby, RCBC Plaza,
Ayala Avenue corner Buendia Avenue, Makati City
For inquiries, please call:
RCBC Savings Bank – Retail Asset Management Division
Red / Alex / Jerome – 687-0839 • 638-5032
Property Partners
Ruth – 09182849176 • Bel – 09158577764
Tess – 09228696667 • Charlie – 09284927311
Hotlines:
975-1457 • 975-1456 •
975-1454 • 556-0910 •
Mega Property Auction AD (June 26, 2010)
*All transactions are subject to bank approval. Properties, rates and prices are subject to change without prior notice. The bank reserves the right to withdraw any property for whatever reason. Show money PhP 25,000.00 cash or MC per property. All properties are on *as is, where is* basis. Misprints should not be construed as misrepresentation of the property.
Source: http://rcbcsavings.com/?p=44
Click here to download the complete listing in pdf format or just click on the image below to download a copy in jpg format.
Quick tip:
If you will notice, there are properties that have an asterisk(*). I learned that these may have arrears (Home owner association dues, utilities, etc.) and these are now for the account of the buyer. Don’t forget to confirm this for any property you might be interested in. Anyway, one should always confirm these before buying any property, whether foreclosed or not, as part of due diligence.
Don’t know where to start?
Here are some articles that can help you get started:
What to expect when buying foreclosed properties
4 Steps To Quickly Analyze And Short-list Foreclosed Properties
How to turn listings of foreclosed properties into opportunities
31 Questions you need to ask when inquiring about a foreclosed property
To our success and financial freedom!
Jay Castillo
Real Estate Investor
Real Estate Broker License #: 3194
Blog: https://www.foreclosurephilippines.com
Follow me in twitter:http://twitter.com/jay_castilloFind us in Facebook:Foreclosure Philippines facebook page
Text by Jay Castillo and Cherry Castillo. Copyright © 2010 All rights reserved.
Dear Jay,
I would like to inquire about auction of Mahogany Rd. Pilar Village. Is there any latest feedback? I am wondering if it is still available, please advise and send me mail.
Thanks.
Best Regards,
Myla
Hi Jay,
I want to know the details of this 2 lots in NUeva Ecija
PROP-50-LOT13-H-5-B( LA 868 SM)—368,000
PROP.51-LOTB-HY-6(LA 947 SM)——628,000
This is a bidding price or reselling- pls let me know about this. tnx
Hello Mr. Cruz,
This is Frederick Salcedo from Property Partners. The prices you mentioned are the floor prices (or minimum bid prices) for the properties you mentioned. If you come to the auction and bid for the same (and if no one else challenges you for it) you may buy the properties at the prices indicated. If there are other bidders the price will slowly go up until a winning bidder is determined. I encourage you to call us at 556-0910 or 403-6100. Look for either Ruth, Bel or Tess for more details. The auction is this Saturday I look forward to seeing you there. Thank you for your inquiry.
Kindly send me your foreclosed properties wihtin cebu province. (mandaue, mactan, cebu City) kindly email it to me. Thanks – [email protected]
Hi Joseph, to help us serve you better, please fill-up this form: https://www.foreclosurephilippines.com/tools/buyproperty then we will send you details through e-mail.
Thanks!
Pingback: JPL and RCBC joint auction of Batangas and Laguna foreclosed properties slated on June 26, 2010
*** Show money PhP 25,000.00 cash or MC per property. A
sir jay anong ibig sabihin niyan.. dapat magbayad kami ng 25k? or have a manger’s check before po makaattned sa auction?
Hi Jay and Kingvince,
This is Frederick Salcedo of Property Partners, auction managers for the June 26 auction. I have been informed late today that buyers of properties with arrears shall NO longer be required by RCBC Savings to shoulder the same. This will be paid by the bank up to the point of sale. As for the show money of Php 25,000, this is still required by the bank from bidders wishing to attend – either in the form of cash or manager’s check. If a prospective buyer wins at auction, it will be used to form part of the down-payment for the property won. If they are not so fortunate to win, it shall be returned immediately after the auction proceedings. Anyone interested to join may call or visit us in the nos. specified in the ad. Keep up with the good work Jay. I’m an avid fan of this website.
Hi Frederick, thanks a lot for updating us about this, really welcome news for interested buyers! By the way, if you want any of Property Partner’s listings of foreclosed properties to get featured here, just let me know and I would be more than glad to do so. Cheers!
Thanks Jay. I appreciate the offer. We will definitely touch base with you on this soon. Kind regards and more power.
You’re welcome Frederick! I look forward to you listings!
Hi Kingvince, the 25K(cash or MC) is just show money which will be checked during the registration just before the auction starts, and will be returned immediately. 🙂