My wife Cherry continues from her recent post by sharing listings of acquired assets which she recently got from the Acquired Assets Division of China Banking Corporation.

In my research to find our new house, I have gone through the Chinabank acquired assets listing in our site. I inquired about a property in the May to June 2009 listing which we posted in July. It was still available! Just goes to show that just because the listing is already old, it doesn’t mean that all properties there have already been sold. The Asset Management people gave me an updated list of their foreclosed properties in Excel, which I am now sharing to you.

Click on this link for the Chinabank listing of Metro Manila Acquired assets.

I was also informed that they have a new listing in magazine format. I had planned to go to the Chinabank office in Paseo which is near my office, but now there’s no need as I found a PDF copy in their website.

Click on this link for the Chinabank Real Deals October-December 2009 magazine

They also sent me updated listings of Chinabank acquired assets under their “20-0-8″ promo and their provincial acquired assets listings which you can download below. The acquired assets included in Chinabank’s “20-0-8″ promo can be purchased for as little as 20% downpayment, at 0% interest, and with the 80% balance payable in 8 years. Cash discounts await cash buyers!

Click here to download the Chinabank “20-0-8″ acquired assets listing.

Click here to download the Chinabank provincial acquired assets listing.

All these acquired assets are available for negotiated sale and I am also sharing a copy of their Offer To Buy form and their Customer Information File form which you need to accomplish to submit your offers. You may download these forms below:

Click here to download a copy of Chinabank’s Offer To Buy form

Click here to download a copy of Chinabank’s Customer Information File form

I took my chances when I reviewed my husband’s past post on the Ultimate List of Bank Websites, and lo and behold, the Chinabank site was updated! There are other bank websites which have updated listings too! So I would advise that you check them every now and then. And don’t be shy to call their Asset Management Departments. They will be more than glad to help you out and give you their listings.

Happy investing!

Cherry Castillo

Cherry is my wife. She is a certified public accountant (CPA) and lawyer.

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My vision – financial freedom for all!

Jay Castillo
Real Estate Investor
Real Estate Broker License #: 20056
Blog: http://www.foreclosurephilippines.com
Click here to contact me via E-mail
Mobile phone (Call/SMS): +639178843882
Follow me in  twitter: http://twitter.com/jay_castillo
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Text by Jay and Cherry Castillo. Copyright © 2009 All rights reserved.

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Chinabank updated listings of acquired assets as of November 11, 2009 is a post from: Foreclosure Investing Philippines

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I attended the 3rd Philippine Real Estate Festival last July 24, 2009 and one of the banks that I found as a participant in the event was Chinabank. I was able to get a copy of their “Real Deals” publication which features hundreds of residential, commercial, and industrial properties for sale at below market values (as written on the front page). Aside from foreclosed properties, the Volume 1 May – June 2009 issue of Real Deals also features good condition second hand vehicles/bank repossessed cars. I am posting a copy of the publication here for the benefit of those who were not able to attend the Philippine Real Estate Festival.

The acquired assets featured in the Real Deals publication of Chinabank are from Las Pinas, Makati, Malabon, Mandaluyong, Manila Muntinlupa, Paranaque, Pasig, Quezon City, Valenzuela, Ilocos Norte, Pangasinan, Cagayan, Bulacan, Nueva Ecija, Pampanga, Batangas, Cavite, Laguna, Rizal, Albay, Camarines Sur, Capiz, Negros Occidental, Cebu, Leyte, Agusan Del Norte, Bukidnon, Misamis Oriental, and South Cotabato.

The repossessed cars included in the publication are described as good condition second hand vehicles. These pre-owned and foreclosed cars are currently parked at their warehouse located at No. 1 Shaw Boulevard corner Haig Street Kalentong, Mandaluyong City and at the China Bank Head Office parking area at Paseo De Roxas corner Villar Street, Makati City.

An OFFER TO BUY form is also included in the publication which interested buyers should use to submit offers. This implies that the properties are for negotiated sale. I can only speculate at the moment as I have not yet tried to submit any offers to Chinabank as of this writing.

Installment mode of payment is available where 30% downpayment is required, while the 70% balance is payable for a maximum of five (5) years, and interest rates are at 11.25% for years 1 to 3 and at 12.25% for years 4 and 5.   For more details, please refer to the last page of the publication which states the GENERAL REQUIREMENTS. Brokers are also welcome!

Click here to download Chinabank’s Real Deals Volume 1, May – June 2009. (Source: Chinabank booth, 3rd Philippine Real Estate Festival)

For inquiries, interested parties may  call the China Bank Acquired Assets Division at: 885-5725 / 885-5739 / 885-5318 /885-5723 / 885-5706.

You may also visit their website: http://www.chinabank.ph

*Prices are subject to change without prior notice. Misprints may occur

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Happy Hunting!

To our financial freedom!

Jay Castillo
Real Estate Investor
REBL#: 20056
Blog: http://www.foreclosurephilippines.com
Social Network: http://foreclosurephilippines.ning.com
Mobile: +639178843882
E-mail: ph.investor@gmail.com

Text by Jay Castillo. Copyright © 2009 All rights reserved.

Chinabank properties for sale at below market value! is a post from: Foreclosure Investing Philippines

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