RCBC and RCBC Savings Bank foreclosed properties for sale on June 26, 2010

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Finally, RCBC Savings Bank has already posted a softcopy of their listings of foreclosed properties for sale in the upcoming Mega Property Auction at their website and they even posted an announcement for this. Both RCBC and RCBC Savings Bank foreclosed properties are included in the public auction on June 26, 2010, which shall be held at the Podium 4 Lobby, RCBC Plaza, Ayala Avenue corner Buendia Avenue, Makati City, Philippines. More details below.

“MEGA PROPERTY AUCTION!”

Metro Manila, North & South Luzon

June 26 2010 • Saturday • 9:30 AM

Podium 4 Lobby, RCBC Plaza,

Ayala Avenue corner Buendia Avenue, Makati City

For inquiries, please call:

RCBC Savings Bank – Retail Asset Management Division

Red / Alex / Jerome – 687-0839 • 638-5032

Property Partners

Ruth – 09182849176 • Bel – 09158577764

Tess – 09228696667 • Charlie – 09284927311

Hotlines:

975-1457 • 975-1456 •

975-1454 • 556-0910 •

Mega Property Auction AD (June 26, 2010)

*All transactions are subject to bank approval. Properties, rates and prices are subject to change without prior notice. The bank reserves the right to withdraw any property for whatever reason. Show money PhP 25,000.00 cash or MC per property. All properties are on *as is, where is* basis. Misprints should not be construed as misrepresentation of the property.

Source: http://rcbcsavings.com/?p=44

Click here to download the complete listing in pdf format or just click on the image below to download a copy in jpg format.

Quick tip:

If you will notice, there are properties that have an asterisk(*). I learned that these may have arrears (Home owner association dues, utilities, etc.) and these are now for the account of the buyer. Don’t forget to confirm this for any property you might be interested in. Anyway, one should always confirm these before buying any property, whether foreclosed or not, as part of due diligence.

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Don’t know where to start?

Here are some articles that can help you get started:

What to expect when buying foreclosed properties

4 Steps To Quickly Analyze And Short-list Foreclosed Properties

How to turn listings of foreclosed properties into opportunities

31 Questions you need to ask when inquiring about a foreclosed property

Happy hunting!

To our success and financial freedom!

Jay Castillo

Real Estate Investor
Real Estate Broker License #: 20056
Blog: http://www.foreclosurephilippines.com
Mobile phone (Call/SMS): +639178843882
Follow me in twitter:http://twitter.com/jay_castilloFind us in Facebook:Foreclosure Philippines facebook page

Text by Jay Castillo and Cherry Castillo. Copyright © 2010 All rights reserved.

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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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  • Myla

    Dear Jay,

    I would like to inquire about auction of Mahogany Rd. Pilar Village. Is there any latest feedback? I am wondering if it is still available, please advise and send me mail.

    Thanks.

    Best Regards,

    Myla

  • joselito cruz

    Hi Jay,
    I want to know the details of this 2 lots in NUeva Ecija

    PROP-50-LOT13-H-5-B( LA 868 SM)—368,000
    PROP.51-LOTB-HY-6(LA 947 SM)——628,000

    This is a bidding price or reselling- pls let me know about this. tnx

    • Frederick Anthony Salcedo

      Hello Mr. Cruz,

      This is Frederick Salcedo from Property Partners. The prices you mentioned are the floor prices (or minimum bid prices) for the properties you mentioned. If you come to the auction and bid for the same (and if no one else challenges you for it) you may buy the properties at the prices indicated. If there are other bidders the price will slowly go up until a winning bidder is determined. I encourage you to call us at 556-0910 or 403-6100. Look for either Ruth, Bel or Tess for more details. The auction is this Saturday I look forward to seeing you there. Thank you for your inquiry.

  • Joseph Munoz

    Kindly send me your foreclosed properties wihtin cebu province. (mandaue, mactan, cebu City) kindly email it to me. Thanks – jmunoz888@gmail.com

  • Pingback: JPL and RCBC joint auction of Batangas and Laguna foreclosed properties slated on June 26, 2010

  • http://www.condohomesmakati.com KINGVINCE

    *** Show money PhP 25,000.00 cash or MC per property. A

    sir jay anong ibig sabihin niyan.. dapat magbayad kami ng 25k? or have a manger’s check before po makaattned sa auction?

    • Frederick Anthony Salcedo

      Hi Jay and Kingvince,

      This is Frederick Salcedo of Property Partners, auction managers for the June 26 auction. I have been informed late today that buyers of properties with arrears shall NO longer be required by RCBC Savings to shoulder the same. This will be paid by the bank up to the point of sale. As for the show money of Php 25,000, this is still required by the bank from bidders wishing to attend – either in the form of cash or manager’s check. If a prospective buyer wins at auction, it will be used to form part of the down-payment for the property won. If they are not so fortunate to win, it shall be returned immediately after the auction proceedings. Anyone interested to join may call or visit us in the nos. specified in the ad. Keep up with the good work Jay. I’m an avid fan of this website.

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

        Hi Frederick, thanks a lot for updating us about this, really welcome news for interested buyers! By the way, if you want any of Property Partner’s listings of foreclosed properties to get featured here, just let me know and I would be more than glad to do so. Cheers!

        • Frederick Anthony Salcedo

          Thanks Jay. I appreciate the offer. We will definitely touch base with you on this soon. Kind regards and more power.

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

            You’re welcome Frederick! I look forward to you listings!

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

      Hi Kingvince, the 25K(cash or MC) is just show money which will be checked during the registration just before the auction starts, and will be returned immediately. :-)