215th UnionBank Foreclosed Properties Auction Slated On March 22, 2014 (Metro Manila, Luzon, Amalfi)

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Barely a week has passed since I published their post-auction listing, and here comes the announcement for the 215th UnionBank foreclosed properties auction. This month’s auction will be held on March 22, 2014, 9:00am, at the 28th Floor, UnionBank Plaza, Meralco Avenue corner Onyx Road, Ortigas Center, Pasig City Philippines.

unionbank foreclosed properties

UnionBank. Photo by Jay Castillo of ForeclosurePhilippines.com

This is for properties from Metro Manila, Luzon, plus the brand new House and lots at Amalfi, The Islands, Dasmarinas Cavite.

If you are looking for the latest Visayas and Mindanao auction listing, I will feature this next (this is the 214th auction).

As usual, interested bidders are reminded to come early to have enough time to register and fill-out all required forms.

If you are bidding, just make sure you have already done your due diligence prior to the auction.

Previously listed properties at reduced prices and “New Items”

I noticed this listing includes quite a number of properties at reduced prices, and “New Items”. The properties at reduced prices  are probably those that were not sold during past auctions, and they might be worth a second look because of the price reduction.

Download the complete listing and other details

To download the complete listing and other details like payment terms, minimum downpayment required, interest rates, etc., just visit the following page:

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Happy hunting!

~~~

To our success and financial freedom!

Jay Castillo

Real Estate Investor
PRC Real Estate Broker License No. 3194 
Blog: http://www.foreclosurephilippines.com
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Text by Jay Castillo and Cherry Castillo. Copyright © 2008 – 2014 All rights reserved.

Full disclosure: If a buyer will acknowledge me as their broker/referror, I may receive referral fees (at no additional cost to the buyer). Thank you in advance for supporting our hard work and this website.

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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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  • Joel

    Hi Sir Jay,
    Also, when are you going to pay the tax declaration when you won the auction? and also the HOA dues, are you going to start paying it even if you haven’t occupy the house?

  • Joel

    Hi Sir,
    Is it still possible to lower the price of the winning bid, kung ikaw na ang nanalo? When pwede matirhan yung house mo? after the full DP ba?

    • http://www.foreclosurephilippines.com Jay Castillo

      Hi Joel, once you win on a bid, that is considered as the final selling price. They will not allow lowering the price after the winning bid is awarded during an auction. You can only negotiate for a lower price when submitting an offer after the auction.

      You can occupy the property after full payment of the 10% downpayment.

  • http://www.foreclosurephilippines.com Jay Castillo

    Hi Mark, sorry for the late reply, yes, pwede nman, basta may kasama ka na bidder or broker, or magpaalam ka sa bank na a-attend ka as an observer.

  • http://www.foreclosurephilippines.com Jay Castillo

    Hi Argel, for UnionBank, they handle all documentation. For Buena Mano, the broker will have to transfer the title and tax declaration. It really depends on the bank. By the way, if you (and Driven) plan to focus on foreclosed properties, let’s meet and discuss if you want to work together. We terminated our last exclusive broker partnership which means we are free to do business with others. :-)

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