RCBC Savings Bank foreclosed properties auction slated on November 13, 2010 • ForeclosurePhilippines.com

RCBC Savings Bank will be having another RCBC Dream Buys Auction of foreclosed properties on November 13, 2010, Saturday, 9:00am, at the L.S. Virata Hall, 2nd Floor, Development Academy of the Philippines, San Miguel Avenue, Pasig City, Philippines.

This list from RCBC Savings Bank contains 181 foreclosed properties with details that include the property address (most are from Metro Manila), lot area, floor area, and minimum bid price. Another 406 properties from various subdivisions are also on the list (see bottom of the listing) but you will have to call them up directly to get more details.

Some of the properties for public auction are properties with “special concerns”. These are properties that are either occupied, have legal impediments, or both.

It’s good that they segregated the properties with special concerns from the rest of the foreclosed properties properties for sale. Interested buyers who don’t want to deal with such properties won’t have to waste time inquiring about properties only to find out later that these have issues.

Download the foreclosed property listing

Click here to download a copy of the listing in PDF format or just click on the image below to download a copy in JPG format.

Source: Manila Bulletin, October 24, 2010 issue, page G-3

Auction terms

The foreclosed properties can be acquired at a low downpayment, with the balance payable in 10 years, at a fixed interest rate. As for he exact interest rate and minimum downpayment they offer, you will also have to call them up. Contact details are at the bottom of the list.

Reminders – please read

Only Php25,000 show money is required per property, in the form of cash or manager’s check.

For more details, please contact RCBC Savings Bank or P.L.A.R.E.B. directly using the contact details on the list, which I have also posted below.