Unionbank shall be having another Special Public Auction of foreclosed properties on August 15, 2009 (Saturday), 9:00 am at Delas Alas Room, 2nd Floor Philippine Columbian Sports Club, Plaza Dilao, Paco, Manila, Philippines. This will be Unionbank’s 141st special public auction of foreclosed properties.
I got a copy of this announcement from my father-in-law who is a consultant of Unionbank. I am posting the e-mail invitation below for everyone’s reference. As mentioned in the e-mail, please do feel free to forward this to your friends and family members who maybe interested in acquiring any of the foreclosed properties on the list.
To: Undisclosed-Recipient:;
Subject: Special Public AuctionGreetings!
We would like to invite you again, together with your friends and your family members to …
UNIONBANK SPECIAL PUBLIC AUCTION !!!
UnionBank of the Philippines will conduct another half-day Public Auction of real estate properties on August 15, 2009 (Saturday) 9:00 am at Delas Alas Room, 2nd Floor Philippine Columbian Sports Club, Plaza Dilao, Paco, Manila.
Just bring PhP 20,000 show money (cash or manager’s check) to qualify to bid for each property. The sale is on “as is where is” basis.
The properties for bidding consist of residential lots, house and lots, townhouses, condominium units, residential buildings, commercial lots, industrial lots, agricultural lots, commercial space, and industrial / commercial warehouses. These properties are available for sale at reasonable prices. We offer 5% discount on cash sales and affordable credit terms, as follows;
Downpayment: 10%
Interest:
- 13% p.a. fixed for the first 3 years and
- 15% p.a. fixed for the next 12 years
Term: 15 yrs. (maximum) thru in-house guaranteed financing for residential properties
We have attached a list of the properties for your reference and dissemination. Should you wish to know more about these properties, please contactKim Unidad D.L. 637-1445 T.L. 667-6388 LOCAL 8372
Doris Padlan D.L. 638-0125 T.L. 667-6388 LOCAL 8358/8359
Junie Jamero D.L. 638-0114 T.L. 667-6388 LOCAL 8352
Dong Quinsay D.L. 638-0092 T.L. 667-6388 LOCAL 8349
Romel De Borja T.L. 667-6388 LOCAL 8348
Eriq Villaverde T.L. 667-6388 LOCAL 8373
E-mail Address: krvunidad@unionbankph.com
Yahoo Groups: http://finance.groups.yahoo.com/group/UBP_ARG_Friends/We look forward to seeing you at the auction!
Thank you.
Mr. Kim Richard V. Unidad
Sales Officer
Asset Recovery Group
The 141st auction of Unionbank foreclosed properties includes residentional properties from Sta. Rosa City Laguna, San Pedro Laguna, La Marea Subdivision, Colina Subdivision, Calamba Laguna, Quezon City, Antipolo, Makati, Manila, San Juan, Mandaluyong, Las Pinas, Caloocan, Pasay, Taguig, Cainta, Binangonan, Nasugbu Batangas, Paranaque, Tagaytay, Calatagan Batangas, Laurel Batangas, Bacoor Cavite, Dasmarinas Cavite, and Amalfi Subdivision.
The public auction also includes commercial/agricultural properties for sale from General Trias Cavite, Lian Batangas, Pasig City, Quezon City, Makati City, and Meycauayan Bulacan.
Here’s a tip: Capital Gains Tax(CGT) is now shouldered by the buyer. If you have any questions on how to buy foreclosed properties from Unionbank, please do leave a comment below.
You may also visit the Unionbank website at https://www.unionbankph.com
Happy Hunting!
To our financial freedom!
Jay Castillo
Real Estate Investor
REBL#: 20056
Blog: https://www.foreclosurephilippines.com
Social Network: http://foreclosurephilippines.ning.com
Mobile: +639178843882
E-mail: ph.investor@gmail.com
Text by Jay Castillo. Copyright © 2009 All rights reserved.
I’ve been engaged in taxes for lengthier then I care to acknowledge, both on the individual side (all my working lifetime!!) and from a legal point of view since satisfying the bar and following tax law. I’ve furnished a lot of advice and rectified a lot of wrongs, and I must say that what you’ve posted makes complete sense. Please persist in the good work – the more people know the better they’ll be armed to handle with the tax man, and that’s what it’s all about.
Nice one Jay!I am very interested in foreclosed properties, newbie pa lang ako on this field and am learning a lot from your articles.kudos!
Hi Bhelle, thanks for the compliment! That’s great, keep up the interest and don’t hesitate to post any comments and/or suggestions that would help fellow newbies sa real estate. Yes, I still consider myself as a newbie, nauna lang ako ng konti. =)
Hi po, thanks for the information being shared. How much % po ba ang capital gain tax and how would I know kung magkano yung capital gain tax nung property gusto kong ibid? How can I inspect po ba yung property, Do I need to call the bank and ask for location or can I go by my own? Pano po makakapasok sa loob to inspect the condition of the property? Thanks po ulit.
Hi Adi, CGT would be 6% of the selling price(SP) or zonal value(ZV), whichever is higher. To inspect the property, you would need to have this scheduled with Kim Unidad of Unionbank, just call him in advance. They usually have caretakers that will assist you when you visit the property. Good luck and thanks for visiting!
While I understand that the interest rate is fixed at 13% p.a. for the first 3 years and 15% p.a. for the next five years, will the rate be applied on a reducing balance basis, i.e., principal amount of the loan less instalments.
Hi David, yes, bank financing is usually through a diminishing balance loan. Thanks for the comment!
Hi. Thanks so much for your info.
Is capital gains tax being shouldered by the buyer mandated by law already or this applies only to union bank foreclosed properties?
Hi Rosalyn, this only applies to Unionbank foreclosed properties as they(Unionbank) chose to have the buyer shoulder the CGT as indicated in their auction rules. You’re welcome and thank you also for dropping by!