Here’s another auction of UnionBank repossessed cars through sealed bidding and the deadline for submission of bids will be on September 21, 2010.  This list of pre-owned or second hand cars for sale currently contains 61 vehicles. More information about bidding for these foreclosed cars can be seen below.

Source: UnionBank Website

Image by khalid almasoud via Flickr

Wow, I never thought a repossessed 2007 Chrysler 300C would be this expensive. I can only imagine the monthly payments if it were brand new.

Questions about these repossessed vehicles?

Please call UnionBank DIRECTLY through their contact details above. Keep in mind that I am just posting this as a public service to readers and subscribers of foreclosurephilippines.com

Happy hunting!

To our success and financial freedom!

Jay Castillo
Real Estate Investor
Real Estate Broker License #: 20056
Blog: http://www.foreclosurephilippines.com
Follow me in Twitter:http://twitter.com/jay_castillo
Find us in Facebook:Foreclosure Philippines facebook page

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

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Unionbank repossessed vehicles for bidding until September 21, 2010 is a post from: Foreclosure Investing Philippines

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RCBC Savings Bank is having another pre-owned Car Sale through their latest Great Deals on Used Wheels promo. The pre-owned car sale runs from November 9 to 13, 2009. Bank financing is available for the bank repossessed cars and they can be purchased for as little as 20% down payment, and at low interest rates. For financing inquiries, please call Rico: 09189051911 / Allan: 634-5173 / Daniel: 09189903805.

Inspection of the second hand cars for sale can be done at their Pasig warehouse which is located at #8516 A. Sandoval Avenue, Pinagbuhatan, Pasig City, Philippines. For inquiries, you may call Rene Lopez through cell phone # 0918-9903626 or 687-0839 / 687-1365 / 638-5032 / 687-5430 loc 4382 during office hours and look for Bobby, Cris, or Raul.

Source: Manila Bulletin, November 8, 2009 issue, classified ads section

Happy hunting!

—

To our financial freedom!

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
Twitter: http://twitter.com/jay_castillo
Facebook: Foreclosure Philippines fan page

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

PS. If you are a new visitor, please start here to learn more about foreclosure investing in the Philippines.

PS2. Larry Gamboa and Bo Sanchez will give the Think Rich Pinoy Seminar this November 21 at the Philamlife Building in UN avenue in Manila. Larry will discuss his unique Real Estate methods, buying foreclosed properties and turning them around for passive income. You’ll also get to play Robert Kiyosaki’s CashFlow Game and learn! To attend, click here now!

PS3. If you feel that anyone else you know might benefit from this post, please do share this to them and don’t forget to subscribe to e-mail alerts and get notified of new listings of bank foreclosed properties, public auction schedules, and real estate investing tips. If your inbox is getting full, you may subscribe through my RSS Feed instead.

RCBC Savings Bank Great Deals on Used Wheels Pre-owned car sale on November 9 to 13, 2009 is a post from: Foreclosure Investing Philippines

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RCBC Savings Bank has just released new listings of repossessed cars in their Great Deals On Used Wheels Pre-owned Cars Sale in Pasig City and their Dream Buys Car Auction in San Fernando, Pampanga.  The Great Deals On Used Wheels Car Sale runs from September 13 to 18, 2009 at their Pasig Warehouse while the Dream Buys Car Auction will be held on September 18, 2009, 1 PM, at the RCBC Savings Business Center Dolores San Fernando, Pampanga.

Great Deals On Used Wheels Pre-owned car sale
Inspection of the second hand cars for sale can be done at their Pasig warehouse which is located at #8516 A. Sandoval Avenue, Pinagbuhatan, Pasig City, Philippines. For inquiries, you may call Rene Lopez through cell phone # 0918-9903626 or 687-0839 / 687-1365 / 638-5032 / 687-5430 loc 4382 during office hours and look for Che, Cris, or Raul. Financing is available. For financing inquiries, call Rico: 09189051911 / Allan: 634-5173 / Daniel: 09189903805.

It appears the repossessed cars on the list are the remaining unsold second hand vehicles on their previous listing.

Click here to download the list of repossessed cars for sale in RCBC’s Great Deals On Used Wheels Pre-Owned car sale.

Dream Buys Car Auction Pampanga
RCBC’s San Fernando, Pampanga warehouse is located at Barangay San Agustin, San Fernando, Pampanga. Inspection of the repossessed cars for sale can be done from September 14 to 17, 2009, during office hours.  Registration fee is Php5,000 per unit and is refundable. For inquiries call (045)961-2995 / 961-1339 / 963-7457 or Lawrence Loanzon: 045 9630933.

Click here to download the list of repossessed cars for sale in RCBC’s Dream Buys Car Auction in Pampanga.

*Misprints should not be construed as misrepresentation of the property. All transactions are subject to bank approval. The bank reserves the right to withdraw any property for whatever reason.

Happy hunting!

—–

To our financial freedom!

Jay Castillo
Real Estate Investor
Real Estate Broker License #: 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.

P.S. – If you are new here and want to become an investor, please start here to learn more about foreclosure investing in the Philippines.

P.P.S – If you have found any value in this post, don’t forget to subscribe to e-mail alerts and get notified of new listings of bank foreclosed properties, public auction schedules, and real estate investing tips. If your inbox is getting full, you may subscribe instead to my RSS Feed.

RCBC Savings Bank repossessed cars for sale is a post from: Foreclosure Investing Philippines

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I’ve noticed Foreclosure Philippines has been getting a significant number of visitors looking for bank repossessed cars and logs indicate that this has been increasing lately. Rather than disappoint these visitors, I have decided to add a new category of free listings of repossessed cars. Repossessed cars which have been foreclosed by banks form part their inventory of acquired assets for sale so they definitely fit into this site. I’m just glad that I changed this site’s name from Foreclosed Real Estate Philippines to Foreclosure Philippines way back when I migrated to WordPress. Now, I am not restricted to only foreclosed real estate and can cover all sorts of foreclosures.

Investing in bank repossessed cars is just like investing in foreclosed real estate. The principles are the same. In fact, I know a real estate investor who applies real estate investing techniques to investing in bank repossessed cars. My friend, who goes by the nick KuskosBalungos at the forum section of Entrepreneur Philippines, basically did buying and selling of foreclosed cars using the rent-to-own concept. Check out this thread to know more about him: http://www.entrepreneur.com.ph/board/index.php?topic=20004.msg268013#msg268013

I believe buying second hand or used cars like bank repossessed cars that are in good condition are better than buying brand new cars as it is common knowledge that brand new cars lose a big chunk of their value once they roll off the show rooms. Even if you are looking for a car for your personal use and not for investment, it would still be good to consider bank repossessed cars. Of course, there are some bank repossessed cars which are not “good buys” so due diligence is essential, same as in foreclosed real estate investing. As long as you do your homework well, you can earn from this. I will share more information on this as I learn more.

In the meantime, I leave you with these two listings:

1. BPI-Buena Mano’s “Car Bidding Bonanza”, and
2. RCBC Savings Bank’s “Great Deals on Used Wheels” Pre-owned cars sale.

BPI Buena Mano Car Bidding Bonanza

The BPI-Buena Mano Car Bidding Bonanza is a public sealed bidding of repossessed cars. Deadline of submission of bids is on September 1, 2009 at 5:30pm and the opening of bids will be on Wednesday, September 2, 2009 at 9:30am.

The repossessed cars can be inspected at their respective stockyards from August 23 to September 1, 2009. Please refer to the listing for more details and guidelines.

Click here to download the complete listing of repossessed cars for the Buena Mano car Bidding Bonanza.

(Source: Manila Bulletin Classifieds, August 23, 2009 issue)

According to the auction announcement, Buena Mano foreclosed properties are also available but I’m sure you already know that and the lists can be found here.

RCBC Savings Bank’s Great Deals on Used Wheels Pre-owned car sale

The RCBC Savings Bank Great Deals on Used Wheels Pre-owned car sale will be held from August 23, 2009 to August 28, 2009 in RCBC’s Pasig and Pampanga Warehouses. Their Pasig City warehouse is located at 8516 A. Sandoval Avenue, Pinagbuhatan, Pasig City, Philippines while their San Fernando Warehouse is located at Barangay San Agustin, San Fernando, Pampanga Philippines.

Financing is available and the required downpayment can be as low as 20%. You mar refer to the list of repossessed

cars for sale for more details that include: model year, brand, make, plate number, price, downpayment, and net monthly amortizations.

I’m not really sure if the sale of the repossessed cars will be held through sealed bidding or a public auction. For inquiries, please refer to the listing for the contact numbers of the designated persons-in-charge.

Click here to download the complete listing of repossessed cars for sale in RCBC Savings bank’s Great Deals on Wheels Pre-owned cars sale.

(Source: Manila Bulletin Classifieds, August 23, 2009 issue, also posted at http://rcbcsavings.com/?p=78)

You may also visit the website of RCBC Savings Bank: http://rcbcsavings.com/?p=78

Happy investing!

—–

To our financial freedom!

Jay Castillo
Real Estate Investor
Real Estate Broker License #: 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.
P.S. – If you are a new visitor, please start here to learn more about foreclosure investing in the Philippines.

Bank repossessed cars for sale! 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

—–

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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