Unionbank Public Auction – December 13, 2008 — Foreclosure Investing Philippines

Unionbank shall be having a special public auction of foreclosed properties on December 13, 2008, Saturday, 9:00am, at the Delas Alas Room, 2nd floor, Philippine Columbian Sports Club, Plaza Dilao, Paco, Manila, Philippines.

Areas covered are Paranaque, Makati, Las Pinas, Mandaluyong, Quezon City, San Juan, Antipolo, Caloocan, Pasay, Bulacan, Cavite, Laguna, and Rizal.

I wish I could just direct you to Unionbank’s website to get their listing of foreclosed properties for sale but I notice that they rarely post their listings and the webpage is often undergoing maintenance. Anyway, you may download a scanned copy of the listing below.

Download the Unionbank Special Public Auction Listing Here!

Only 10% Downpayment is required.

Interest rates are at 13% per annum fixed for the first 3 years, and 15% per annum fixed for the next 12 years.

It may appear that the interest rates are quite high compared to other auctions but take note that these are fixed, meaning these will not be affected by the next global financial crisis.

Happy Hunting!