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.

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RCBC Savings Bank shall be having another Dream Buys Car Auction of repossessed cars on November 4, 2009, 1:00PM, at the 18th Floor, Unit 1806-A Tektite Bldg. West Tower, Ortigas. The auction of the various bank repossessed cars shall be done through sealed bidding.

Inspection of the foreclosed cars can be done at the Pasig Warehouse located at 8516 A. Sandoval Ave., Pinagbuhatan, Pasig City and at the Metallim warehouse located at B-95 T. Arguelles cor. G. Araneta Ave. Brgy. Dona Imelda, Quezon City. Inspection dates are on November 2 and 3, 2009, during office hours.

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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.

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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. Read the rest of this entry