Comments on: Unionbank foreclosed properties for sale on their 141st Special Public Auction on August 15, 2009 http://www.foreclosurephilippines.com/2009/08/unionbank-foreclosed-properties-for-sale-on-their-141st-special-public-auction-on-august-15-2009.html Your trusted resource for foreclosure investing in the Philippines with listings of foreclosed properties, real estate auctions, real estate investing tips, and more! Wed, 08 Feb 2012 16:17:04 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Tax Guru http://www.foreclosurephilippines.com/2009/08/unionbank-foreclosed-properties-for-sale-on-their-141st-special-public-auction-on-august-15-2009.html#comment-1978 Tax Guru Mon, 23 Nov 2009 03:48:33 +0000 http://www.foreclosurephilippines.com/?p=1019#comment-1978 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. 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.

]]> By: Jay Castillo http://www.foreclosurephilippines.com/2009/08/unionbank-foreclosed-properties-for-sale-on-their-141st-special-public-auction-on-august-15-2009.html#comment-1977 Jay Castillo Thu, 13 Aug 2009 21:40:46 +0000 http://www.foreclosurephilippines.com/?p=1019#comment-1977 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 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. =)

]]> By: Bhelle http://www.foreclosurephilippines.com/2009/08/unionbank-foreclosed-properties-for-sale-on-their-141st-special-public-auction-on-august-15-2009.html#comment-1976 Bhelle Thu, 13 Aug 2009 16:54:57 +0000 http://www.foreclosurephilippines.com/?p=1019#comment-1976 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! 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!

]]> By: Jay Castillo http://www.foreclosurephilippines.com/2009/08/unionbank-foreclosed-properties-for-sale-on-their-141st-special-public-auction-on-august-15-2009.html#comment-1975 Jay Castillo Mon, 03 Aug 2009 21:04:25 +0000 http://www.foreclosurephilippines.com/?p=1019#comment-1975 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! 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!

]]> By: Jay Castillo http://www.foreclosurephilippines.com/2009/08/unionbank-foreclosed-properties-for-sale-on-their-141st-special-public-auction-on-august-15-2009.html#comment-1974 Jay Castillo Mon, 03 Aug 2009 20:53:29 +0000 http://www.foreclosurephilippines.com/?p=1019#comment-1974 Hi David, yes, bank financing is usually through a diminishing balance loan. Thanks for the comment! Hi David, yes, bank financing is usually through a diminishing balance loan. Thanks for the comment!

]]> By: Jay Castillo http://www.foreclosurephilippines.com/2009/08/unionbank-foreclosed-properties-for-sale-on-their-141st-special-public-auction-on-august-15-2009.html#comment-1973 Jay Castillo Mon, 03 Aug 2009 20:51:21 +0000 http://www.foreclosurephilippines.com/?p=1019#comment-1973 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! 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!

]]> By: Adi http://www.foreclosurephilippines.com/2009/08/unionbank-foreclosed-properties-for-sale-on-their-141st-special-public-auction-on-august-15-2009.html#comment-1972 Adi Mon, 03 Aug 2009 01:14:40 +0000 http://www.foreclosurephilippines.com/?p=1019#comment-1972 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 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.

]]> By: David Santos http://www.foreclosurephilippines.com/2009/08/unionbank-foreclosed-properties-for-sale-on-their-141st-special-public-auction-on-august-15-2009.html#comment-1971 David Santos Sat, 01 Aug 2009 19:09:07 +0000 http://www.foreclosurephilippines.com/?p=1019#comment-1971 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. 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.

]]> By: rosalyn http://www.foreclosurephilippines.com/2009/08/unionbank-foreclosed-properties-for-sale-on-their-141st-special-public-auction-on-august-15-2009.html#comment-1970 rosalyn Sat, 01 Aug 2009 05:27:19 +0000 http://www.foreclosurephilippines.com/?p=1019#comment-1970 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. 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?

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