RCBC Savings Bank Foreclosed Properties For Sale (Dream Buys Auction)

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This page contains the most updated listings of foreclosed properties included in RCBC Savings Bank’s Dream Buys properties for sale.

RCBC-Savings-Bank-foreclosed-properties-March-23-2013-post-auction-listing

The next Dream Buys public auction shall be on February 22, 2014.

In addition to the most updated listings, you will also find the following information on this page:

  • Bidding terms
  • Payment terms and interest rates
  • Auction process overview
  • Frequently asked questions
  • How to get details
  • Disclosure and disclaimer

We will update this regularly and more information will be added as they become available.

RCBC Savings Bank foreclosed properties

 

Bidding terms

Show money (this is refundable in case you don’t win on your bid)

  • Php25,000.00 in the form of cash or manager’s checks

Payment terms

Cash

or

Installment:

    • Minimum Downpayment for vacant lots is 10%
    • Minimum Downpayment for properties with improvements is 20%
    • Balance is payable up to 10 years at 12% fixed annual interest rate
    • Note: 25% downpayment is required to occupy a property

Post auction terms

Same as bidding terms but instead of attending the auction, interested bidders only need to submit need to submit a duly accomplished purchase proposal form, and customer information sheet. If you plan to pay through installment, please refer to the requirements for a real estate loan.

Frequently Asked Questions and answers

Question: What happens to properties that remain unsold after the auction?

Answer: Properties unsold during the auction will be available through negotiated sale where buyers only need to submit a duly accomplished Purchase Proposal Form. We will also update the listing above after the auction to remove sold properties.

Auction process overview

The following is a summarized overview of the auction process  (Please take note that bidders should do all the necessary due diligence prior to attending the auction):

  1. Come to the auction venue early and register by filling-out the registration form to be given during the auction and the Customer Information Sheet. I suggest you fill-out the Customer Information Sheet in advance to save time at the day of the auction. Submit these at the registration table.
  2. Proceed to the cashier for the payment of the show money (Php 25,000 in the form of cash or manager’s check). I highly suggest to bring a manager’s check instead of cash for safety reasons. Get your paddle and claim stub (to claim your show money in case you do not win your bid).
  3. Proceed to the auction proper and make sure you know the number of the property you are going to bid for. Establish your maximum price in advance. When your property is up, raise your paddle completely when the auctioneer asks for bidders for that property. Don’t forget to put down your paddle just in case the current bid price being announced by the auctioneer has already exceeded your maximum price.
  4. If you win on your bid, proceed to the designated area for winning bidders and present your registration form for validation and get your reservation form from an authorized bank officer.
  5. Claim the award certificate that will be issued to you.
  6. Proceed to the designated bank officer for interview and payment options. You will get a computation for the payment option that you want to avail. You will also receive instructions needed like any additional requirements you need to submit and when you need to bring these to the bank’s office for contract signing, etc.

Related forms for buyers

How to inquire and get more details

Please enter your inquiries in the inquiry form below. By inquiring through us, you agree to recognize and acknowledge us as your real estate brokers/referrors, and we will assist you throughout the process of purchasing a property. We offer these services at absolutely no cost to buyers.

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Please enter your inquiries about RCBC Savings Bank foreclosed properties through the form below. Kindly enter the PROPERTY ADDRESS and INDICATIVE PRICE in your message.
* indicates required field

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You may also contact us from 9:00am to 5:00pm, Mondays to Fridays through the following:

  • Cherry Castillo: 0917-8568573 / 966-2541

Disclosure and disclaimer

All properties are sold on AS-IS-WHERE-IS basis. Properties and prices are subject to change without prior notice. The Bank reserves the right to withdraw any property anytime. Inadvertent misprints shall not alter the property’s factual condition nor shall they be deemed as misrepresentation of the property.

Happy hunting!

~~~

To our success and financial freedom!

Jay Castillo

Real Estate Investor
PRC Real Estate Broker License No. 3194 
Connect with us – SubscribeFacebook | Twitter | Google+

Text by Jay Castillo and Cherry Castillo. Copyright © 2008 – 2012 All rights reserved.

Full disclosure: I am an accredited real estate broker of  RCBC Savings Bank.

PS - Don’t forget to subscribe to e-mail alerts to get notified of the next auction schedule and updated listings of RCBC Savings Bank foreclosed properties.

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  • Jhou :)

    Hi Mr Jay. The lot 3 b11 in Woodside subd in Alijis bacolod city is still available? can you please send me the location and the Image? thank you.

  • Jojo Dulce

    Hi Mr Jay,

    I just saw you at the Foreclosure seminar of Mr. Alleje and as a matter of fact I was also seated with the same row as you are. I’m new to Real Estate Investing and I was wondering if you ever considered doing Mentorship with people who are still learning the craft. I was unable to signup with Mr Alleje’s mentorship due to conflicting commitments. In case you might actually decide in the future if you want to take in students, please do inform and email me.

    Now, my question is, If I wanted to sell to a won property to a willing buyer and I do not have an attorney to fix it for me, will a Title company be a a viable alternate to arrange that transaction?

  • Rudy Laparan

    Mr.Jay,
    I am looking for a res. property. I will be in the Phil. on May 9-29. Do you have a selling
    prices on those foreclosure listings? If you have, can you email it to me. Thanks

    • Christopher Tan

      Hi Sir, it just so happened that i was browsing the internet to look for buyers for our property in Jaen, Nueva Ecija.It’s a 1294 sqm residential lot and it’s near the main road at the same time. I am just wondering if you are interested.

  • Judicel

    L20 B10 Lipa Countryside Estate, Bulacnin, Lipa City, Batangas Residential – House & Lot 750 102 1,448,000.00 Unoccupied
    39 BATANGAS L10 B7 Lipa Countryside Estate, Bulacnin, Lipa City, Batangas Residential – House & Lot 750 80 854,000.00 Unoccupied

    Hi sir jay,
    would like to ask if this property are still available and how can I purchase this property, Can u pls send me step by step (documents) procedure of RCBC if i want to join the bidding or buy the property in cash on in terms of payment (drin_jacel@yahoo.com). thank you
    judicel

  • Juno villorente

    Hi jay, I am u. S. based & interested to buy foreclosed property in flood free areas in paranaque as my retirement house.please send to me pictures of property 216 & 217. How about the legal impedements in case I bought the house? Pls. Response ASAP.

  • Elani Flores

    I am interested in the property in Makati described as:

    MAKATI *L1 B144 M.H. Del Pilar St., Brgy. Rizal, Makati City Residential – House & Lot 1 00 100 1,663,000.00 Occupied / with legal impediment
    Do you have pictures of this property? What legal impediment does this property have? Thanks!

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  • Marty Arriola

    Hi,

    I am interested on property no. 245 (Carnation St., West Fairview, QC). Can you send me some pictures of this property. Is this property still have occupants or pending cases.

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

      Hi Marty, sorry but that property was sold during the auction last March 23, 2013. I have updated the list above accordingly. Thanks for the inquiry.

  • Rommela

    Hi jay,

    Just to follow up my inquiry.

    Thanks,

    Rommela

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

      Hi Ms. Rommela, I already sent an e-mail to you directly, please check. Tahnks.

  • Ann

    Hi Jay,

    Would like to ask for pictures on items 138, 148 and 149.

    Kindly send it to my email.

    Thanks.

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

      Hi Ms. Ann, I already sent an email to you directly. Thanks!

      • Ann

        Thanks Jay.

  • Carlo Laput

    Hello! I’m interested in the situation for Properties No. 221 (Eastwood) 239 (Loyola Heights) and 243 ( Brgy. Marilag) I noticed some of them are marked with special concerns, also would you know if the above mentioned properties are already furnished? How can i schedule a visitation for all three?

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

      Hi Carlo, I’ll call you to update you with answers to your queries and also to arrange viewing. Thanks!

  • Rommela

    Hi Jay,

    Please send me the photos of Lot 33 and 34 Block 9, Maravilla Subdivision, Gen. Trias Cavite. Is it 403sqm? I saw it from Buena Mano Q1 2013 edition. I am very interested to see the property first before making an offer.

  • http://*No.22ChicagoSt.,GreenvilleSubd.,Merville,ParanaqueCity ryan/kay (09231110002)

    hi if possible can you send us photos and directions…
    we live nearby and we would like to see the house.

    best

    RK

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

      Hi Ryan/Kay, the GreenVille house and lots in Merville are still occupied by the former owner (only one person owns both properties, the house and lots are back-to-back). This is the reason why I excluded them from the table above, although they are still on the excel and pdf files but are marked with an asterisk.

  • http://*No.22ChicagoSt.,GreenvilleSubd.,Merville,ParanaqueCity ryan/kay

    hi jay, can you email us photos of greenville merville houses…

    my wife and i lives nearby, and we would like to see the house.
    \
    best,

    rk

  • Rommela

    Hi Jay,

    I am interested on the following properties:
    1) L26 B31 Main Rd. cor. Rd. L1 Parklane Country Homes, Brgy. Santiago, General Trias, Cavite Residential – House & Lot 111 170 2,278,000
    2) Lts. 6-A & 7-A B125 Tierra Nevada, Phase 4, Brgy. San Francisco, General Trias, Cavite Residential – House & Lot 188 80 1,182,000

    Could ypu please send me photos and location map?

    thanks.

  • Regina

    Hi Iam interested at SJDM property in lot 4 B23 Nina Ricci St., Charissa Home Subd.

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

      Hi Ms. Regina, please see picture of property through the following link: (click here open).

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  • Rafael Ramos

    Good Pm! i am interested in Summerwind Salitran cavite which has 307 3q.m can u pm me in my email and we’ll talk there…

    Thanks!
    raf623@yahoo.com

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

      Hi sir, I already sent you an email regarding this property. Thanks.

  • http://RCBCPropertyAuction ZENAIDA M. OCOBILLO

    I am interested to buy these properties No. 574 Brgy. Dampulan (Sapang), Jaen, Nueva Ecija and Unit 6 L2 B2 Timex St., West Fairview Subd., Quezon City.

    I want to see first the latter property. How can I see it? I am working at Civil Service Commission, Batasan Hills.

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

      Hi Ms, Zenaida, FYI, I am still waiting for the info you have requested. I will send to you once received. Thanks!

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

        Hi ma’am Zenaida, I am here at RCBC Savings bank’s office to get the info for the Nueva Ecija property. For Unit 6 L2 B2 Timex St., West Fairview Subd., Quezon City, I have already sent the photo and vicinity map through email. Please check, thanks!

  • aj

    Hi Mr. Jay,

    I just want to ask if you are aware of the pending case for Property acct no. 10001000001304 the one in Chuatoco St., in QC? I’ve been looking awhile at the foreclosed property of RCBC and this one is still in the list considering it is priced below 2M and in QC! I’m currently renting and plans to buy my own home and this property is in a perfect location for me. I’m residing near the place and seen the property from afar though not enough courage to do my own due deligince.

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

      Hi AJ, there is a pending case for the annulment of foreclosure. Unless you are willing to take-over the case, I suggest to wait and let the bank and the former owner work this out.

      • aj

        Thank you Mr. Jay, yeah I would take your advice on this. I’d better hold on my hard earned savings than risk my chance to make this property my home. As you would always remind, the profit should be is when you buy not when you sell; or something to that effect. Ha! I’m learning a lot from this blog!!

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

          You’re welcome AJ!

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  • http://pinoydreamhousetoday.com/ Jun Sanchez

    You’re brilliant, Jay. Is the table of properties featured above the one you referred to in FB Tech Support Group? Even they find your work awesome.

    Keep it up!

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

      Hi Jun, yes, this is the one. This is the first time I used it on a public listing. Thanks!

  • Marj

    Hi Jay, is the T&C property in Brgy Mayamot, Antipolo still available? Would you know if this area was flooded during Ondoy or Habagat? Do you have details of the J. Eustaquio, San Juan property? Not flood prone ba? Thanks

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

      Hi Marj, yes, all the properties on the list are available and are for public auction on Feb 23. We currently don’t have info if this was affected by Ondoy or the Habagat last August. For the San Juan Property, I can only provide pictures and vicinity map, will post them asap. Thanks!

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

        Hi Ms. Marj, FYI, no pictures are available at the moment for the San Juan property but I have already requested, including a vicinity map. Will send to you once available.

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

      Hi Ms. Marj, I have sent the vicinity map directly to you through email. I’m still waiting for the photois to become available.

  • Alanodin Bilao

    In case I win the bid for a certain property, it is still subject to management approval, may I ask what entails approval of my application; how long does it take to get approval. Also, what would be my liabilities if I opt to discontinue after winning a bid and securing approval.

    Which one is a better option, winning through bidding or negotiated purchase?

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

      Approval would depend on the results of the credit checking and upon submission of complete documents, this should be done within 5 working days. If you discontinue, your 25K show money will be forfeited.

      If you want to ensure you will get the property(especially if there are a lot of others interested in it), it would be better to win through bidding. If a property has no interested buyers, it would be okay to go for a negotiated sale.

      • CA Pañebe

        Hi Jay,

        In case I win but my loan with RCBC got disapproved for whatever reason, who will get the property? Will my show money be forfeited as well? Can I still get the property if let’s say my loan was approved by another bank?

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

          Hi CA, the 25K show money will be forfeited (I’ve seen at least 2 other bidders in this situation). I believe the property will become available again for negotiated sale/auction. As for a loan with another bank, that would be subject to bank management’s approval.

  • carla e sollesta

    Thanks Mr Jay. I’ll be waiting.

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

      Hi Ms. Carla, I was informed that they don’t have a copy of the vicinity map for this property in Iloilo at the moment. I will follow-up again later today or tomorrow to check if they already have it. Sorry for the delay…

      • carla e sollesta

        Thanks Jay.

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

    Hello everyone, just wanted to let you all know I just received the vicinity maps for those who requested and I will upload/ and also send to each of you directly. Thanks!

  • carla e sollesta

    Hi im interested in the Iloilo City Property. Where is the exact location? can i have a copy of the sketch plan and vicinity map?

    Thanks.

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

      Hi Ms. Carla, thank you for the inquiry, I will get a copy of the vicinity map and send to you directly. Thanks for the inquiry!

  • Rio

    May I have more details on the property in RIZAL LB Pasong Itaas St., San Isidro, Angono, Rizal, Residential – House & Lot. Do you have a location map?

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

      Hi Ms. Rio, I will get a copy of the location map and send to you directly. In the meantime, please see picture below. Thanks for the inquiry!

      http://www.foreclosurephilippines.com/wp-content/uploads/2013/01/10001000002096.jpg

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

        Hi Ms. Rio, here is the vicinity map sent to me by the bank officer. It’s quite small so I will find it’s equivalent in google maps and get back to you asap.

        http://www.foreclosurephilippines.com/wp-content/uploads/2013/01/pasong-itaas-vicinity-map.jpg

        • Rio

          Thanks Jay, is it okay to visit the property anytime? Would you know if there is a caretaker on the property? I was hoping to drop by over the weekend.

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

            Hi Ms. Rio, yes, it would be okay to visit the property anytime as they have a caretaker there. I suggest that you view during daytime so you can see the house with ample natural light as most foreclosed properties do not have their electrical connections and lights working.

  • Alanodin Bilao

    Dear Jay,

    I am interested in knowing additional details about the house & lot located at Town & Country Executive Homes, Antipolo; i.e. its approximate current market value; when was this property purchased; is the property in good condition, etc.

    In case I win the bid and decide to get a bank loan, can I obtain a loan from another bank?

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

      Hi Alanodin, we will get more details about this house and lot and send them to you directly.

      Yes, you can obtain a loan from another bank but initially you will have to get financing from RCBC Savings Bank and pay monthly amortizations while your loan is being processed.

      Thanks for the inquiry!

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

      Hi sir, I was only able to secure a vicinity map. A personal inspection is really needed to determine the physical condition and other info you requested. Do you want me to arrange a tripping with the bank officer?

  • CA Pañebe

    Hi Jay,

    Kindly send me detailed description of the properties, requirements, etc. Also, do you have a list of the above properties in PDF or XLSX format so I can view them offline? My contact numbers are (deleted by admin).

    Thanks!
    CA

  • http://mountain-lovers.wall.fm Virgilio Manangan

    Sir Jay,
    THank you for the information.

    May I ask if the 25K show money will be deducted in the downpayment.?
    Example: if the property woth of 250K then you have 10% DP then you have 25K DP.

    My question is, I have 25K Show money, CAN I put it in the DP then wait for Mgmt approval. Or should I bring 50K (25K DP + 25K show money)?

    THanks,
    Virgel

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

      Hi sir Virgel, yes, the 25k will form part of the downpayment. In your example, the 25K show money already covers the downpayment, so if you won on your bid for a P250K property, your downpayment is already paid in full by the 25K show money and you just need to wait for management’s approval.

  • RAMON PEREZ

    i am interested in H&L for sale/bidding located in town n country exec home mayamot antipolo. Can u pls u pls send me step by step (documents) procedure of RCBC if i want to join the bidding or buy the property in cash. thanks

    ramon perez

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

      Hi sir Ramon, I’ll email you directly. Thanks!

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

        Hi sir Ramon, I already sent the step-by-step auction procedure and vicinity map through email. Please confirm receipt. thanks!

        • Angelbert Morales

          Tanong lang po kong nabid ako sa nasa list at nanalo ako wala po bang magiging pagbabago yon. Kong matalo naman po ako sa bid mababalik ba ang pera ko. Hoping for your immediate response. Thank you very much

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