2011 Mega Property Auction for Metro Manila and Luzon slated on February 19

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Another Mega Property Auction of foreclosed properties from Metro Manila and Luzon will be happening on February 19, 2011, Saturday, 9:00am, at the L.S. Virata Hall, 2nd Floor, Development Academy of the Philippines, San Miguel Avenue, Pasig City, Philippines.

Foreclosed properties and ROPA available for public auction are from RCBC and Jose P. Laurel (JPL) Bank. These are in addition to foreclosed properties from RCBC Savings Bank which are also to be sold through public auction on the same date and venue.

Although the auction announcement mentions that properties can be acquired for as  low as 10% downpayment, with the balance payable in 10 years, at fixed interest rate, I highly suggest that interested parties call them up to verify.

Show money is still at Php25,000 per property, in the form of cash or manager’s checks.

In addition, the auction announcement states that brokers/referrors are entitled to receive commissions.

Download the list of foreclosed properties

Just click on the image below to download a copy of the list of RCBC and JPL foreclosed properties in JPG format. A copy in PDF format is also available through the following link : RCBC-FORECLOSED-PROPERTIES-FEBRUARY-19-2011

Source: Manila Bulletin, January 30, 2011 edition, page G-5

For more details

For more details, please contact the following directly:

RCBC

  • Jeng 878-3436
  • Ging 894-9908
  • Elma 894-9000 loc. 2233
  • Conci 894-9000 loc. 3387
  • Vanesa 894-9099
  • Ross 894-9000 loc. 1165

JPL ROPA Department

  • 043-778-4444 to 49  (Jeff/Cathy/Zyrene)

Important reminders

ALL PROPERTIES ARE ON AN “AS IS WHERE IS BASIS”. PROPERTIES AND PRICES ARE SUBJECT TO CHANGE WITHOUT PRIOR NOTICE. THE BANK RESERVES THE RIGHT TO WITHDRAW ANY PROPERTY BEFORE THE AUCTiON. INADVERTENT MISPRINTS SHALL NOT ALTER THE PROPERTY’S FACTUAL CONDITION NOR SHALL THEY BE DEEMED AS MISREPRESENTATION OF THE PROPERTY.PLEASE CONFIRM ATTENDANCE TO ENSURE SEATS AND PARKING.

Happy hunting!

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To our success and financial freedom!

Jay Castillo
Real Estate Investor
Real Estate Broker License #:
20056
Blog: http://www.foreclosurephilippines.com
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Text by Jay Castillo and Cherry Castillo. Copyright © 2011 All rights reserved.

PS. Change your mindset and start thinking like a real estate investor! Attend the Think Rich Pinoy Seminar on February 26, 2011. Click here to learn more!

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About Jay Castillo

Jay is the founder of Foreclosurephilippines.com where he shares real estate investing tips and foreclosed property listings. He quit his job as an I.T. Manager to focus on Real Estate Investing and Internet Marketing. He is a PRC licensed Real Estate Broker (REB License # 3194)... [Read more]

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