It’s been a long time since I last posted a list of bank foreclosed cars for sale (also referred to as repossessed cars), and I hope this listing will not disappoint those who are looking for cheap second hand cars. I have here 2 listings of bank repossessed cars and these are from RCBC Savings Bank and UCPB. Please checkout the individual listings below for more details.

RCBC Savings Bank repossessed cars for sale

These repossessed cars for sale from RCBC Savings Bank are for auction on October 28, 2010. I was thinking most of you out there would have already accessed this list directly at their website but it seems they forgot to update the actual list, which is why I am posting this here. Details about the auction are on the list

Click here to download a copy in PDF format or just click on the image below to download a copy in JPG format.

Source: Manila Bulletin, October 24, 2010 edition, page G-15

UCBP Repossessed Vehicles for sale

The deadline for the submission of offers for the repossessed vehicles for sale on this list from UCPB is on November 4, 2010, at 4:00pm. Just like the list of repossessed cars from RCBC above, the list of UCPB repossessed cars on UCPB’s website is not updated, and here is their latest. More details can be found on the list.

Click here to download a copy in PDF format or just click on the image below to download a copy in JPG format.

Source: Manila Bulletin, October 24, 2010 edition, page G-15

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.

PS. For those who purchased their TRQ 2.0 tickets using my affiliate links, I will be sending you your free copy of the detailed case study of one of my real estate deals latest on the second week of November 2010. It is taking longer than expected to complete. Thanks again for helping make TRQ 2.0 a huge success!

PPS. Don’t be the last to know, subscribe to e-mail alerts and get notified of new listings of bank foreclosed properties, public auction schedules, and real estate investing tips. Inbox getting full? Subscribe through my RSS Feed instead!

Bank foreclosed cars for sale from RCBC and UCPB is a post from: Foreclosure Investing Philippines

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If you are looking for bank repossessed cars, then this post is for you. With so many listings of bank repossessed cars for sale coming out lately, I’ll just put them all here in a single post. This round-up of listings of bank repossessed cars includes listings from AMA Bank, Eastwest Bank, RCBC Savings Bank, UCPB, and Unionbank. Checkout the individual listings of second-hand cars below for more details.

AMA Bank repossessed cars

These repossessed cars from AMA Bank are for sealed bidding on August 20, 2010, See list below for more details.

EastWest Bank repossessed cars

The following is updated as of August 17, 2010. The deadline for submission of bids is on August 23, 2010. Opening of bids follows on August 24, 2010 at 10AM. Please visit EastWest Bank’s website for more details.

For auction sale guidelines and other details, please visit this page on EastWest Bank’s website: http://www.eastwestbanker.com/tool/prop4sale_auto.asp

RCBC Savings Bank repossessed cars

The repossessed cars on this list from RCBC Savings Bank were actually scheduled for public auction earlier today, August 18, 2010, 1:00pm. However, I’ll post them anyway, just in case some of the cars were not sold(which is very likely). Just call them up directly to check if a repossessed car you might be interested in remained unsold.

For more details and to check for updates on the list of repossessed cars from RCBC Savings Bank, please visit this page on their website: http://rcbcsavings.com/?p=78

UCPB repossessed cars

This list of UCPB repossessed cars is updated as of August 15, 2010 and are for sealed bidding on August 24, 2010. See list below for more details.

UnionBank repossessed cars

For more details and to check for updates on the list of repossessed cars from Unionbank please visit this page on their website: http://unionbankph.com/index.php?option=com_content&view=article&id=1039&Itemid=248

Reminders!

Please don’t forget to contact the respective banks directly for information about any of the repossessed cars for sale and other details. I am just posting this as a service to readers and subscribers of foreclosurephilippines.com.

Wondering why I am posting bank repossessed cars for sale? Well, repossessed cars are actually bank foreclosed cars and a lot of people are looking for them here. Checkout this post for more details. You might also learn a thing or two as I share how a  real estate investor friend of mine applies real estate investing techniques to investing in bank repossessed cars.

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.

PS. Don’t be the last to know, subscribe to e-mail alerts and get notified of new listings of bank foreclosed properties, public auction schedules, and real estate investing tips. Inbox getting full? Subscribe through my RSS Feed instead!

Bank repossessed cars round-up as of August 18, 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 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.

Interested bidders are required to bring a registration fee of Php5,000.00 per unit. The registration fee is refundable.

For inquiries please call Cris and Bobby though telephone numbers 687-0839 / 687-1365 / 638-5032 / 687-5430 loc. 4382 during office hours or call Rene Lopez at 0918-9903626.

Here’s a tip, if you’re concerned if any of the foreclosed cars have been flooded and were just cleaned up, all you have to do is get in the car and close all the doors and windows and smell the interior. If the car has indeed been flooded, you will smell it. How do I know this? My sister’s car that got flooded during Ondoy’s visit was already fixed and had already undergone detailing but the distinct smell of flood waters was still apparent. According to the service advisor from the casa, it is normal for the smell to persist for sometime even though detailing was already done for flooded cars. I guess only time will tell when the “flood water” smell would finally disappear.

Back to the list of repossessed cars, I can’t help but feel that some of the foreclosed cars on the list appear to be quite expensive, especially the 2008 Isuzu Alterra 4×4 which has a higher starting bid than the 2005 Volvo XC90.

Good luck anyway. Just click on the image below to zoom in  and download the list of foreclosed cars for sale.

—–

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 [at] gmail [dot] 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.

P.P.S – 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 to auction repossessed cars through sealed bidding on November 4, 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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