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RCBC Amazing Buys Public Auction of Foreclosed Properties – February 27, 2009

RCBC Savings Bank has released a new listing of foreclosed properties for sale. These foreclosed properties shall be up for sale through a public auction this coming February 27, 2009, Friday, 2:00pm, at Podium 3, RCBC Plaza, Ayala Avenue corner Buendia Avenue, Makati City, Philippines.

Areas covered are Pasig City, Quezon City, San Juan, Albay, Cavite, Laguna, Palawan, Rizal, Bataan, Bulacan, Nueva Ecija, Pampanga, Tarlac, Isabela, and Pangasinan.

Payment terms are as low as 10% downpayment with the balance payable in 10 years with fixed interest rates. Please call them up for more details.

If you’re new to real estate investing and this would be your first time to attend a public auction, checkout my recent post about the auction highlights of the UnionBank Public auction held last January 24, 2009, to find out what to expect. Don’t forget to bring Php25,000 show money in the form of Manager’s Checks for your safety and convenience.

Time to start analyzing the listed properties now and look for those great real estate investments.

Download the RCBC Amazing Buys Public Auction listing of foreclosed properties here.

Don’t forget to subscribe to my mailing list so you won’t miss any new listings of bank foreclosed properties for sale and public auction schedules. If your mailbox is getting full, you may also subscribe via RSS reader.

Happy hunting!

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About Jay Castillo
People encounter problems and make mistakes when buying foreclosed properties, and Jay wants to help people avoid those problems/ mistakes. Jay encountered a lot of those, which is why he started this blog in 2008 to serve as a guide where he shares lessons learned, and how to overcome challenges you may encounter when investing foreclosed properties in the Philippines … [Read more]
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8 thoughts on “RCBC Amazing Buys Public Auction of Foreclosed Properties – February 27, 2009”

  1. im interested properties that is forclosed from your bank.i may request if you can send me some list of forclose properties.
    truly yours

    zeny

    Reply
  2. @teamchi, you’re welcome!

    @betty, maraming pwedeng reasons, baka within redemption period pa, or baka wala pa silang possesion, etc.

    @Lemuel, thanks for dropping by and welcome! It really depends on the bank, for UCPB’s last auction, they entertained knockout bids where buyers added 5% on top of the minimum bid price, for RCBC, I haven’t checked yet if they will entertain offers before the auction. For Unionbank, they won’t, I already tried.

    Reply
  3. Hi Jay,

    can a buyer buy directly from the banks foreclosed property directly without having to bid for it? like if your an OFW?

    regards,
    Lemuel

    Reply
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