Just recently received this list of Sterling Bank foreclosed properties that are for negotiated sale from Resnel Laquindanum of the Acquired Assets Management Department of Sterling Bank of Asia. As usual, these are offered on an “As is where is” basis.

If you will notice, the properties included in this list are the same six properties that were offered for sale through sealed bidding Last December 1, 2011.

This time around however, these properties are now for negotiated sale. Yes, prices are now negotiable.

Please see below the complete list, how to get additional info, and official bid form.

Sterling Bank of Asia foreclosed properties for negotiated sale as of December 20, 2011

• Visits to the properties, photocopies of the ownership documents, pictures and vicinity maps can be coordinated with the personnel of Acquired Assets Management Department, specifically Resnel (0917-878-65-40 or 0922-851-80-70) or Monching (0917-594-4910 or 0949-619-1643 or 0922-840-2785 or 02-217-6780). They may also be reached through acquired.assets@sterlingbankasia.com.
• The Bank is presently consolidating the assets’ documents of ownership to its name.
• Click here to download the official bid form

Need assistance?

I am now an accredited real estate broker of Sterling Bank of Asia. If you need assistance, just let me know by leaving a comment below.

Happy hunting!

~~~

To our success and financial freedom!

Jay Castillo

Real Estate Investor
PRC Real Estate Broker License No. 3194
Blog: http://www.foreclosurephilippines.com
Follow me in Twitter: http://twitter.com/jay_castillo
Find us in Facebook: Foreclosure Investing Philippines Facebook Page

Text by Jay Castillo and Cherry Castillo. Copyright © 2011 All rights reserved.

Full disclosure: I am an accredited real estate broker of Sterling Bank of Asia

Sterling Bank foreclosed properties for negotiated sale as of December 20, 2011 is a post from: Foreclosure Investing Philippines

Incoming search terms:

Sterling Bank invites all interested parties to submit sealed bids for their repossessed cars for sale on or before December 15, 2011.

The repossessed cars can be inspected at Kotse Network, SM North Edsa beside SM Hypermart, and at the Sterling Bank ShawWarehouse located at No. 412 Shaw Blvd., Mandaluyong City (refer to vicinity map below).

Please keep take note that any bids below the minimum bid price as indicated on the list below shall be disqualified. Please refer to complete bidding rules and guidelines below after the list of repossessed cars.

Complete list of Sterling Bank repossessed cars for sale

Displayed at Kotse Network, SM North Edsa beside SM Hypermarket
	Make	Year Model	Color	Plate No.	Mileage	Minimum Bid Price
1	Chevrolet Aveo M/T Gas	2010	Silver	FGX 232	5,212	470,000.00
2	Chevrolet Captiva A/T Diesel	2009	Silver	YHZ 722	12,235	829,000.00
3	Chevrolet Trailblazer A/T Gas	2005	Black	HDK-888	53,150	662,000.00
4	Ford Escape A/T Gas	2010	Blue	FGT-217	13,255	795,000.00
5	Ford Focus Hatchback 1.8L A/T Gas	2008	Black	ZNP 759	44,651	456,000.00
6	Hyundai Getz 1.1L M/T Gas	2010	Black	PHO-437	17,141	416,000.00
7	Hyundai i10 GLS 1.2L A/T Gas	2010	Black	PXQ-588	9,990	465,000.00
8	Hyundai Tucson A/T Gas	2009	Blue	NOI-938	32,805	675,000.00
9	Isuzu Sportivo A/T Diesel	2010	Green	PRO-687	15,173	950,000.00
10	Mitsubishi Adventure GLX M/T Diesel	2010	Red	PBI-596	11,590	600,000.00
11	Mitsubishi Lancer EX GLX M/T Gas	2010	Beige	PHO-702	8,077	760,000.00
12	Mitsubishi Montero Sport GLS A/T Diesel	2010	Black	PNO-570	37,455	1,150,000.00
13	Toyota Avanza 1.3 J M/T Gas	2009	White	YGY-827	9,143	420,000.00
Stored in Sterling Bank Shaw Warehouse – No. 412 Shaw Blvd., Mandaluyong City beside Liberty Center and in front of Red Ribbon Sterling Bank Repossessed Cars Mandaluyong Warehouse Vicinity Map (click to enlarge)
	Make	Year Model	Color	Plate No.	Mileage	Minimum Bid Price
14	BMW 116i A/T Gas	2010	White	No plate	5,107	1,500,000.00
15	BMW 530i A/T Gas	2006	Green	ZDA – 584	22,578	2,050,000.00
16	Chery A5 Sedan M/T Gas	2008	Black	YGH 687	26,845	200,000.00
17	Chery QQ 311 M/T Gas	2009	Yellow	YHN 990	24,722	180,000.00
18	Chevrolet Venture A/T Gas	2002	Blue	XEN-493	68,142	243,000.00
19	Ford Expedition A/T Gas	2003	Black	XEN-625	odometer not functioning	405,000.00
20	Ford Expedition A/T Gas	2004	Black	XND-717	92,824	650,000.00
21	Honda Civic Vti M/T Gas	2004	White	GTY-673	95,830	338,000.00
22	Hyundai Accent M/T Diesel	2009	White	YJB-327	90,247	450,000.00
23	Hyundai Getz Gold M/T Gas	2010	Silver	PHO-983	2,353	420,000.00
24	Hyundai Getz M/T Gas	2010	Silver	NQR-856	11,186	416,000.00
25	Hyundai Getz M/T Gas	2010	Black	NOR-446	19,009	405,000.00
26	Hyundai i10 GLS 1.2L A/T Gas	2010	Gold	PGQ-627	14,257	428,000.00
27	Hyundai i10 GLS 1.2L A/T Gas	2009	Silver	NTI-433	22,214	400,000.00
28	Hyundai Tucson A/T Gas	2009	Black	NVO-908	54,808	675,000.00
29	Isuzu Trooper A/T Diesel	2003	Silver	XGN-659	77,233	584,000.00
30	Kia Carens A/T Diesel	2008	Black	YHN 706	15,234	800,000.00
31	Kia Picanto M/T Gas	2009	Silver	YHH 836	20,495	389,000.00
32	Kia Rio A/T Gas	2010	Gray	YJG-236	26	560,000.00
33	Kia Rio A/T Gas	2009	Red	ZTT-240	15,960	542,000.00
34	Kia Rio M/T Gas	2010	White	FGV-461	25,291	550,000.00
35	Kia Rio M/T Gas	2010	White	YHS-481	7,006	550,000.00
36	Kia Rio M/T Gas	2010	White	YHR-983	28,062	523,000.00
37	Kia Rio M/T Gas	2010	White	YGH-123	5,242	465,000.00
38	Kia Rio M/T Gas	2010	White	7LU102 (temp. plate)	5,285	465,000.00
39	Kia Rio M/T Gas	2009	White	YGM 596	19,096	445,000.00
40	Kia Rio M/T Gas	2009	Red	YHN 358	10,558	437,000.00
41	Mazda 2 1.3L M/T Gas	2011	Black	YJU-993	15,449	580,000.00
42	Mazda 3 1.6 S A/T Gas	2011	Red	PQF-408	12,926	625,000.00
43	Mazda 3 1.6 S A/T Gas	2010	White	YJB-942	16,931	611,000.00
44	Mazda 3 1.6 V A/T Gas	2009	Black	7CD800 (temp. plate)	30,671	470,000.00
45	Mazda 3 1.6 S A/T Gas	2007	Red	ZNJ-468	64,953	405,000.00
46	Mazda Tribute A/T Gas	2008	Black	YGY-468	64,953	405,000.00
47	Mitsubishi Adventure GLS Sport M/T Diesel	2009	Red	NFQ-408	35,830	586,000.00
48	Mitsubishi L300 FB M/T Diesel	2008	White	ZSG-549	88,943	386,000.00
49	Mitsubishi Lancer EX GLS A/T Gas	2010	White	NQJ-283	92,468	786,000.00
50	Mitsubishi Lancer EX GLX M/T Gas	2010	White	PQQ-954	6,931	750,000.00
51	Mitsubishi Lancer EX GT-A A/T Gas	2010	Blue	NKK-88	9,625	897,000.00
53	Nissan Urvan Shuttle M/T Diesel	2010	Green	PCO-570	46,027	820,000.00
54	Suzuki APV GLX Gold M/T Gas	2010	Red	PBO-469	10,192	645,000.00
55	Suzuki Celerio A/T Gas	2010	Blue	PUI-332	18,242	424,000.00
56	Suzuki Celerio M/T Gas	2010	Blue	NIP-621	14,819	364,000.00
57	Suzuki Swift A/T Gas	2009	Red	YGX-135	22,443	570,000.00
58	Toyota Avanza J 1.3 M/T Gas	2009	Black	YJA-499	22,469	395,000.00
59	Toyota Innova J M/T Diesel	2010	Red	PUQ-598	21,555	640,000.00

Source: Resnel Laquindanum of Sterling Bank of Asia

INVITATION’S RULES AND GUIDELINES:

1. This invitation is open to the public.
2. THE INDICATED PRICES ARE ONLY VALID UNTIL DECEMBER 15, 2011.
3. The vehicles are offered on an “as is, where is” basis, thus, prospective buyers are advised to personally visit, inspect and verify them and their pertaining document/s of ownership to ascertain their actual condition and status.  Pictures of the vehicles offered for sale can be requested from Monching (0917-594-4910 or 0949-619-1643 or 0922-840-2785 or 02-217-6780) or Resnel (0917-878-6540 or 0917-534-2697 or 0922-851-8070).  They may also be reached through acquired.assets@sterlingbankasia.com. 
4. Visits to the vehicles’ storage areas and photocopies of the ownership documents can be coordinated with the same personnel of Acquired Assets, mentioned in No. 2.
5. The indicated floor prices are the minimum bid prices, thus, any bid below the floor price would automatically be disqualified.
6. All interested parties may submit their bids in sealed envelopes to the Office of the Audit Group Head, 2^nd Flr. Sterling Bank of Asia Corporate Center, Ortigas Ave., Greenhills, San Juan.
7. All bids must be submitted in the prescribed bid form and must be accompanied by a deposit in the form of a check payable to Sterling Bank of Asia amounting to 10% of the bid price.  It would form part of the purchase price in case the bidder wins.  In the case of a losing bid, it would be returned to the bidder.
8. The last day of submission of bids shall be on Thursday, December 15, 2011, 3:00 p.m.  The prices quoted above shall be valid only up to the last day of submission.
9. The bids would be opened and evaluated by the Office of the Internal Audit Head together with a representative from Acquired Assets on the next banking day following the last day of submission. The properties shall be awarded to the highest bidder.  In the event of a tie, the same shall be settled by the drawing of lots.
10. Sterling Bank reserves the right to reject any or all intentions, to waive any formality therein and to accept the offer most advantageous to the Bank.  The decision of Sterling Bank would also be final and binding.
11. Winning bidders would be notified by Acquired Assets after the results of the bidding are approved by the Bank’s management.   Notified winners would have five (5) working days from receipt of notice to complete the purchase price either in cash or through an approval for an auto loan facility from Sterling Bank.  Failure to fully settle the bid price within the prescribed 5 working day period shall revoke the winning bidder’s right to purchase the subject vehicle and forfeit his/her bid deposit in favor of the Bank. 
12. Losing bidding participants would also be notified of the results the following day after the Bank’s approval of the bidding results.  Bid deposit checks of the losing bidders can be claimed upon receipt of notice at Acquired Assets Department 26^th floorWynsumCorporatePlaza,F. Ortigas Jr. Ave. (formerlyEmerald Ave.),OrtigasCenter,PasigCity.    
13. Upon full settlement of the winning bid price or purchase price, the Bank would execute a Deed of Sale in favor of the winning bidder and release all pertinent documents of the property within five (5) working days subject to the documentary requirements of the Bank. 
14. The winning bidder must pull out the vehicle/s from the Bank’s premises within two (2) working days from date of full payment, otherwise, ONE THOUSAND PESOS (PhP 1,000.00) per day shall be charged as storage fee.
15. For further inquiries, you may call Monching (0917-594-4910 or 0949-619-1643 or 0922-840-2785 or 02-217-6780) or Resnel (0917-878-6540 or 0917-534-2697 or 0922-851-8070).  They may also be reached through acquired.assets@sterlingbankasia.com. 

~~~

To our success and financial freedom!

Jay Castillo

Real Estate Investor
PRC Real Estate Broker License No. 3194
Blog: http://www.foreclosurephilippines.com
Follow me in Twitter: http://twitter.com/jay_castillo
Find us in Facebook: Foreclosure Investing Philippines Facebook Page

Text by Jay Castillo and Cherry Castillo. Copyright © 2011 All rights reserved.

Full disclosure: Nothing to disclose.

Sterling Bank repossessed cars sealed bidding slated on December 15, 2011 is a post from: Foreclosure Investing Philippines

Incoming search terms:

Everyone is invited to participate in a public sealed bidding of Sterling Bank repossessed real estate properties on December 1, 2011. All repossessed real estate properties for sale are offered on an “As is where is” basis.

Included in this list are six foreclosed properties from Paranaque, Laguna, and Antipolo.

Please refer to the bidding rules and guidelines after complete list of repossessed real estate properties below.

INVITATION TO BID

“As is where is”

(updated as of November 21, 2011)

Sterling Bank of Asia is inviting everyone to submit sealed bids for the following repossessed real estate properties:

INVITATION’S RULES AND GUIDELINES:

1. This invitation is open to the public.
2. THE INDICATED PRICES ARE ONLY VALID UNTIL DECEMBER 1, 2011.
3. The assets are offered on an “as is, where is” basis, thus, prospective buyers are advised to personally visit, inspect and verify them and their pertaining document/s of ownership to ascertain their actual condition and status.
4. The Bank is presently consolidating the assets’ documents of ownership to its name.
5. Visits to the property, photocopies of the ownership documents, pictures and vicinity maps can be coordinated with the personnel of Acquired Assets Management Department, specifically Resnel (0917-878-65-40 or 0922-851-80-70) or Monching (0917-594-4910 or 0949-619-1643 or 0922-840-2785 or 02-217-6780).  They may also be reached through acquired.assets@sterlingbankasia.com.
6. The indicated floor prices are the minimum bid prices, thus, any bid below the floor price would automatically be disqualified.
7. All interested parties may submit their bids in sealed envelopes to the Office of the Audit Group Head, 2^nd Flr. Sterling Bank of Asia Corporate Center, Ortigas Ave., Greenhills, San Juan.
8. All bids must be submitted in the prescribed bid form and must be accompanied by a deposit in the form of a check payable to Sterling Bank of Asia amounting to PhP 50,000 or 10% of the bid price, whichever is lower.  It would form part of the purchase price in case the bidder wins.  In the case of a losing bid, it would be returned to the bidder.
9. The last day of submission of bids shall be on Thursday, December 1, 2011, 3:00 p.m.  The prices quoted above shall be valid only up to the last day of submission.
10. The bids would be opened and evaluated by the Office of the Internal Audit Head together with a representative from acquired assets mgt. dept. on the next banking day following the last day of submission. The properties shall be awarded to the highest bidder.  In the event of a tie, the same shall be settled by the drawing of lots.
11. Sterling Bank reserves the right to reject any or all bids, to waive any formality therein and to accept the bid most advantageous to the Bank.  The decision of Sterling Bank would also be final and binding.
12. Winning bidders would be notified by Acquired Assets Mgt. Dept. after the results of the bidding are approved by the Bank’s management.   Notified winners would have ten (10) working days from receipt of notice to complete the purchase price either in cash or through an approval for a real estate loan facility from Sterling Bank.  Failure to fully settle the bid price within the prescribed 10 working day period shall revoke the winning bidder’s right to purchase the subject property and forfeit his/her bid deposit in favor of the Bank.
13. Losing bidding participants would also be notified of the results the following day after the Bank’s approval of the bidding results.  Bid deposit checks of the losing bidders can be claimed upon receipt of notice at Acquired Assets Management Department 26^th floorWynsumCorporatePlaza,F. Ortigas Jr. Ave. (formerlyEmerald Ave.),OrtigasCenter,PasigCity.
14. Upon full settlement of the winning bid price or purchase price, the Bank would execute a Deed of Sale in favor of the winning bidder and release all pertinent documents of the property within five (5) working days subject to the documentary requirements of the Bank.  The capital gains tax on the sale shall be shouldered by the Bank while the other taxes, fees and expenses necessary for the transfer of ownership to the winning bidder or buyer shall be for the account of the buyer.
15. The subject property would be turned over to the winning bidder or buyer upon full payment of the winning bid and completion of the Bank’s documentary requirements on the sale.
16. For further inquiries, you may call Resnel (0917-878-65-40 or 0922-851-80-70) or Monching (0917-594-4910 or 0949-619-1643 or 0922-840-2785 or 02-217-6780).  They may also be reached through acquired.assets@sterlingbankasia.com.

Download the official bid form here: Sterling Bank Bid Form for Real Estate Properties with broker’s name

Thanks again to Mr. Resnel of Sterling Bank of Asia for sending us their updated listing of repossessed real estate for sale.

Happy hunting!

~~~

To our success and financial freedom!

Jay Castillo

Real Estate Investor
PRC Real Estate Broker License No. 3194
Blog: http://www.foreclosurephilippines.com
Follow me in Twitter: http://twitter.com/jay_castillo
Find us in Facebook: Foreclosure Investing Philippines Facebook Page

Text by Jay Castillo and Cherry Castillo. Copyright © 2011 All rights reserved.

Full disclosure: I am an accredited real estate broker of Sterling Bank of Asia.

Sterling Bank repossessed real estate properties sealed bidding slated on December 1, 2011 is a post from: Foreclosure Investing Philippines

Incoming search terms:

Everyone is to invited to bid for UNIONBANK’s Pre-Owned Vehicles on November 28, 2011.

A similar 2011 Porsche Panamera (this is not the actual unit for sale). Photo by saabir, on Flickr

What caught my eye on this list was the 2011 Porsche Panamera. I was able to find a picture of a similar car and I shared it here for everyone. Nice looking car don’t you think?!

If the 2011 Porsche Panamera is too expensive for you, there are 141 other other pre-owned cars on the list that are more reasonably priced.

Anyway, bids should be submitted together with Php5,000.00 (Manager’s Check) at the 20th Floor Asset Recovery Group UnionBank Plaza Meralco Avenue corner Onyx Road, Ortigas Center, Pasig City not later than November 28, 2011.

Inspection is at UNIONBANK PRE-OWNED VEHICLES WAREHOUSE, No. 7259 B Malugay Street near corner Talisay Street, San Antonio Village, Makati City (behind Centro Escolar University, near Tiara Oriental Hotel and Skyland Towers). Please refer to vicinity map below.

Download the complete list of pre-owned vehicles and vicinity map

The complete list of pre-owned vehicles for sale along with a copy of the vicinity map to the warehouse can be seen below. Click on the image to enlarge/ right-click to save.

UnionBank Pre-owned Vehicles Bid List for November 28, 2011

For more details

To get more details, please call BABES or DENIS @ 638-0113 or 667-6388 loc. 8370 or 8375, you can also visit their website: www.unionbankph.com (CLICK SHOP).

Happy hunting!

Thanks again to Mr. Lance Yadao of UnionBank for sending us this updated listing of pre-owned/repossessed cars for sale.

~~~

To our success and financial freedom!

Jay Castillo

Real Estate Investor
PRC Real Estate Broker License No. 3194
Blog: http://www.foreclosurephilippines.com
Follow me in Twitter: http://twitter.com/jay_castillo
Find us in Facebook: Foreclosure Investing Philippines Facebook Page

Text by Jay Castillo and Cherry Castillo. Copyright © 2011 All rights reserved.

Full disclosure: Nothing to disclose.

UnionBank Invitation to Bid for Pre-owned vehicles on November 28, 2011 is a post from: Foreclosure Investing Philippines

Incoming search terms:

Sterling Bank of Asia invites interested parties in the sealed bidding of their repossessed cars for sale for the month of October 2011. The complete listing of repossessed cars can be seen below. Last day for the submission of bids shall be on October 20, 2011, 3:00 pm. The prices quoted below shall be valid only up to the last day of the submission of bids.

I apologize for the delay in posting this, had a bout with flu since Monday afternoon. I’m just glad I am now well enough to post this.

Anyway, please refer to the bidding rules and guidelines after the list of repossessed cars for sale below.

INVITATION TO BID

“as is where is”

October 2011

Sterling Bank of Asia is inviting everyone to purchase the following repossessed vehicles:

INVITATION’S RULES AND GUIDELINES:

1. This invitation is open to the public.
2. THE INDICATED PRICES ARE ONLY VALID UNTIL OCTOBER 20, 2011.
3. The vehicles are offered on an “as is, where is” basis, thus, prospective buyers are advised to personally visit, inspect and verify them and their pertaining document/s of ownership to ascertain their actual condition and status.  Pictures of the vehicles offered for sale can be requested from Monching (0917-594-4910 or 0949-619-1643 or 0922-840-2785 or 02-217-6780) or Resnel (0917-878-6540 or 0917-534-2697 or 0922-851-8070).  They may also be reached through acquired.assets@sterlingbankasia.com.
4. Visits to the vehicles’ storage areas and photocopies of the ownership documents can be coordinated with the same personnel of Acquired Assets, mentioned in No. 2.
5. The indicated floor prices are the minimum bid prices, thus, any bid below the floor price would automatically be disqualified.
6. All interested parties may submit their bids in sealed envelopes to the Office of the Audit Group Head, 2^nd Flr. Sterling Bank of Asia Corporate Center, Ortigas Ave., Greenhills, San Juan.
7. All bids must be submitted in the prescribed bid form and must be accompanied by a deposit in the form of a check payable to Sterling Bank of Asia amounting to 10% of the bid price.  It would form part of the purchase price in case the bidder wins.  In the case of a losing bid, it would be returned to the bidder.
8. The last day of submission of bids shall be on Thursday, October 20, 2011, 3:00 p.m.  The prices quoted above shall be valid only up to the last day of submission.
9. The bids would be opened and evaluated by the Office of the Internal Audit Head together with a representative from Acquired Assets on the next banking day following the last day of submission. The properties shall be awarded to the highest bidder.  In the event of a tie, the same shall be settled by the drawing of lots.
10. Sterling Bank reserves the right to reject any or all intentions, to waive any formality therein and to accept the offer most advantageous to the Bank.  The decision of Sterling Bank would also be final and binding.
11. Winning bidders would be notified by Acquired Assets after the results of the bidding are approved by the Bank’s management.   Notified winners would have five (5) working days from receipt of notice to complete the purchase price either in cash or through an approval for an auto loan facility from Sterling Bank.  Failure to fully settle the bid price within the prescribed 5 working day period shall revoke the winning bidder’s right to purchase the subject vehicle and forfeit his/her bid deposit in favor of the Bank. 
12. Losing bidding participants would also be notified of the results the following day after the Bank’s approval of the bidding results.  Bid deposit checks of the losing bidders can be claimed upon receipt of notice at Acquired Assets Department 26^th floorWynsumCorporatePlaza,F. Ortigas Jr. Ave. (formerlyEmerald Ave.),OrtigasCenter,PasigCity.
13. Upon full settlement of the winning bid price or purchase price, the Bank would execute a Deed of Sale in favor of the winning bidder and release all pertinent documents of the property within five (5) working days subject to the documentary requirements of the Bank.
14. The winning bidder must pull out the vehicle/s from the Bank’s premises within two (2) working days from date of full payment, otherwise, ONE THOUSAND PESOS (PhP 1,000.00) per day shall be charged as storage fee.
15. For further inquiries, you may call Monching (0917-594-4910 or 0949-619-1643 or 0922-840-2785 or 02-217-6780) or Resnel (0917-878-6540 or 0917-534-2697 or 0922-851-8070).  They may also be reached through acquired.assets@sterlingbankasia.com.

The prescribed bid for can be downloaded here: Sterling Bank bid form for repossessed vehicles

Happy hunting!

~~~

To our success and financial freedom!

Jay Castillo

Real Estate Investor
PRC Real Estate Broker License No. 3194
Blog: http://www.foreclosurephilippines.com
Follow me in Twitter: http://twitter.com/jay_castillo
Find us in Facebook: Foreclosure Investing Philippines Facebook Page

Text by Jay Castillo and Cherry Castillo. Copyright © 2011 All rights reserved.

Full disclosure: Nothing to disclose.

P.S. I am helping a fellow real estate investor market a  Quezon City Townhouse for sale located in Kamuning. This is also available through a rent-to-own scheme.  Please call/txt 09157603090/5059259 for more details. A video of the townhouse can be seen below. Click here for more details.

Sterling Bank repossessed cars sealed bidding slated on October 20, 2011 is a post from: Foreclosure Investing Philippines

Incoming search terms:

Sterling Bank of Asia invites everyone to participate in the sealed bidding of their repossessed real estate properties for sale for the month of October 2011. The complete listing can be seen below. Last day for the submission of bids shall be on October 27, 2011, 3:00 pm. The prices quoted below shall be valid only up to the last day of the submission of bids.

Please refer to the bidding rules and guidelines after the list of repossessed real estate properties below.

INVITATION TO BID
“As is where is”
as of October 2011

Sterling Bank of Asia is inviting everyone to submit sealed bids for the following repossessed real estate properties:

INVITATION’S RULES AND GUIDELINES:

1. This invitation is open to the public.
2. THE INDICATED PRICES ARE ONLY VALID UNTIL OCTOBER 27, 2011.
3. The assets are offered on an “as is, where is” basis, thus, prospective buyers are advised to personally visit, inspect and verify them and their pertaining document/s of ownership to ascertain their actual condition and status.
4. The Bank is presently consolidating the assets’ documents of ownership to its name.
5. Visits to the property, photocopies of the ownership documents, pictures and vicinity maps can be coordinated with the personnel of Acquired Assets Management Department, specifically Resnel (0917-878-65-40 or 0922-851-80-70) or Monching (0917-594-4910 or 0949-619-1643 or 0922-840-2785 or 02-217-6780).  They may also be reached through acquired.assets@sterlingbankasia.com.
6. The indicated floor prices are the minimum bid prices, thus, any bid below the floor price would automatically be disqualified.
7. All interested parties may submit their bids in sealed envelopes to the Office of the Audit Group Head, 2^nd Flr. Sterling Bank of Asia Corporate Center, Ortigas Ave., Greenhills, San Juan.
8. All bids must be submitted in the prescribed bid form and must be accompanied by a deposit in the form of a check payable to Sterling Bank of Asia amounting to PhP 50,000 or 10% of the bid price, whichever is lower.  It would form part of the purchase price in case the bidder wins.  In the case of a losing bid, it would be returned to the bidder.
9. The last day of submission of bids shall be on Thursday, October 27, 2011, 3:00 p.m.  The prices quoted above shall be valid only up to the last day of submission.
10. The bids would be opened and evaluated by the Office of the Internal Audit Head together with a representative from acquired assets mgt. dept. on the next banking day following the last day of submission. The properties shall be awarded to the highest bidder.  In the event of a tie, the same shall be settled by the drawing of lots.
11. Sterling Bank reserves the right to reject any or all bids, to waive any formality therein and to accept the bid most advantageous to the Bank.  The decision of Sterling Bank would also be final and binding.
12. Winning bidders would be notified by Acquired Assets Mgt. Dept. after the results of the bidding are approved by the Bank’s management.   Notified winners would have ten (10) working days from receipt of notice to complete the purchase price either in cash or through an approval for a real estate loan facility from Sterling Bank.  Failure to fully settle the bid price within the prescribed 10 working day period shall revoke the winning bidder’s right to purchase the subject property and forfeit his/her bid deposit in favor of the Bank.
13. Losing bidding participants would also be notified of the results the following day after the Bank’s approval of the bidding results.  Bid deposit checks of the losing bidders can be claimed upon receipt of notice at Acquired Assets Management Department 26^th floorWynsumCorporatePlaza,F. Ortigas Jr. Ave. (formerlyEmerald Ave.),OrtigasCenter,PasigCity.
14. Upon full settlement of the winning bid price or purchase price, the Bank would execute a Deed of Sale in favor of the winning bidder and release all pertinent documents of the property within five (5) working days subject to the documentary requirements of the Bank.  The capital gains tax on the sale shall be shouldered by the Bank while the other taxes, fees and expenses necessary for the transfer of ownership to the winning bidder or buyer shall be for the account of the buyer.
15. The subject property would be turned over to the winning bidder or buyer upon full payment of the winning bid and completion of the Bank’s documentary requirements on the sale.
16. For further inquiries, you may call Resnel (0917-878-65-40 or 0922-851-80-70) or Monching (0917-594-4910 or 0949-619-1643 or 0922-840-2785 or 02-217-6780).  They may also be reached through acquired.assets@sterlingbankasia.com.

Official bid form: Sterling Bank Bid Form for Real Estate Properties with broker’s name

Happy hunting!

~~~

To our success and financial freedom!

Jay Castillo

Real Estate Investor
PRC Real Estate Broker License No. 3194
Blog: http://www.foreclosurephilippines.com
Follow me in Twitter: http://twitter.com/jay_castillo
Find us in Facebook: Foreclosure Investing Philippines Facebook Page

Text by Jay Castillo and Cherry Castillo. Copyright © 2011 All rights reserved.

Full disclosure: Nothing to disclose.

P.S. I am helping a fellow real estate investor market a  Quezon City Townhouse for sale located in Kamuning. This is also available through a rent-to-own scheme.  Please call/txt 09157603090/5059259 for more details. A video of the townhouse can be seen below. Click here for more details.

Sterling Bank repossessed real estate sealed bidding slated on October 27, 2011 is a post from: Foreclosure Investing Philippines

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Here is the second invitation to bid for Sterling Bank repossessed cars for the month of September 2011. If you are interested, please carefully read the rules and guidelines for the bidding for the repossessed cars as posted below.

INVITATION’S RULES AND GUIDELINES:

1. This invitation is open to the public.
2. The vehicles are offered on an “as is, where is” basis, thus, prospective buyers are advised to personally visit, inspect and verify them and their pertaining document/s of ownership to ascertain their actual condition and status.  Pictures of the vehicles offered for sale can be requested from Monching (0917-594-4910 or 0949-619-1643 or 0922-840-2785 or 02-217-6780) or Resnel (0917-534-2697 or 0922-851-80-70).  They may also be reached through acquired.assets@sterlingbankasia.com.
3. Visits to the vehicles’ storage areas and photocopies of the ownership documents can be coordinated with the same personnel of Acquired Assets, mentioned in No. 2.
4. All interested parties may coordinate their intention with the personnel mentioned in No. 2.
5. The indicated prices are only valid until September 30, 2011.
6. Sterling Bank reserves the right to reject any or all intentions, to waive any formality therein and to accept the offer most advantageous to the Bank.  The decision of Sterling Bank would also be final and binding.
7. For further inquiries, you may call Monching (0917-594-4910 or 0949-619-1643 or 0922-840-2785 or 02-217-6780) or Resnel (0917-534-2697 or 0922-851-80-70).  They may also be reached through acquired.assets@sterlingbankasia.com.

INVITATION TO BUY

“as is where is”

Updated as of September 23, 2011

Sterling Bank ofAsiais inviting everyone to purchase the following repossessed vehicles:

A softcopy of the list of repossessed cars can be downloaded here: Sterling Bank’s Invitation to Buy for Cars dated 9 23 2011

~~~

To our success and financial freedom!

Jay Castillo

Real Estate Investor
PRC Real Estate Broker Registration No. 3194
Blog: http://www.foreclosurephilippines.com
Follow me in Twitter: http://twitter.com/jay_castillo
Find us in Facebook: Foreclosure Investing Philippines Facebook Page

Text by Jay Castillo and Cherry Castillo. Copyright © 2011 All rights reserved.

Full disclosure: Nothing to disclose.

P.S. I am helping a fellow real estate investor market a  Quezon City Townhouse for sale located in Kamuning. This is also available through a rent-to-own scheme.  Please call/txt 09157603090/5059259 for more details. A video of the townhouse can be seen below.

Sterling Bank repossessed cars for September 2011 Reloaded! is a post from: Foreclosure Investing Philippines

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After featuring their repossessed cars, here’s the list of repossessed real estate, more commonly known as foreclosed properties, of Sterling Bank of Asia. Yes, their list for September 2011 only includes two foreclosed properties. One is from BF Homes Paranaque, and the other is from St. Francis Homes I, Biñan, Laguna. The last day of submission of bids will be on Thursday, September 15, 2011, 3:00 p.m.

Check them out below.

REPOSSESSED REAL ESTATE PROPERTIES

INVITATION TO BID

as of September 1, 2011

Sterling Bank of Asia is inviting everyone to submit sealed bids for the following foreclosed real estate properties:

BIDDING RULES AND GUIDELINES:

1. This invitation is open to the public.
2. The real estate properties are offered on an “as is, where is” basis, thus, prospective buyers are advised to personally visit, inspect and verify them and their pertaining document/s of ownership to ascertain their actual condition and status. Pictures and vicinity maps of the properties for bidding can be viewed at the Bank’s website, www.sterlingbankasia.com.
3. The Bank is presently consolidating the properties’ documents of ownership to their name.
4. Visits to the property and photocopies of the ownership documents can be coordinated with the personnel of Acquired Assets, specifically Resnel (0917-534-2697) or Junie (0917-878-6540) or Monching (0917-594-4910 or 0949-619-1643 or 0922-840-2785 or 02-217-6780).  They may also be reached through acquired.assets@sterlingbankasia.com.
5. The indicated floor prices are the minimum bid prices, thus, any bid below the floor price would automatically be disqualified.
6. All interested parties may submit their bids in sealed envelopes to the Office of the Audit Group Head, 2^nd Flr. Sterling Bank of Asia Corporate Center, Ortigas Ave., Greenhills, San Juan.
7. All bids must be submitted in the prescribed bid form and must be accompanied by a deposit in the form of a check payable to Sterling Bank of Asia amounting to PhP 50,000 or 10% of the bid price, whichever is lower.  It would form part of the purchase price in case the bidder wins.  In the case of a losing bid, it would be returned to the bidder.
8. The last day of submission of bids shall be on Thursday, September 15, 2011, 3:00 p.m.
9. The indicated floor prices are only valid until Thursday, September 15, 2011, 3:00 p.m.
10. The bids would be opened and evaluated by the Office of the Internal Audit Head together with a representative from acquired assets on the next banking day following the last day of submission. The properties shall be awarded to the highest bidder.  In the event of a tie, the same shall be settled by the drawing of lots.
11. Sterling Bank reserves the right to reject any or all bids, to waive any formality therein and to accept the bid most advantageous to the Bank.  The decision of Sterling Bank would also be final and binding.
12. Winning bidders would be notified by Acquired Assets after the results of the bidding are approved by the Bank’s management.  Notified winners would have ten (10) working days from receipt of notice to complete the purchase price either in cash or through an approval for a real estate loan facility from Sterling Bank.  Failure to fully settle the bid price within the prescribed 10 working day period shall revoke the winning bidder’s right to purchase the subject property and forfeit his/her bid deposit in favor of the Bank.
13. Losing bidding participants would also be notified of the results the following day after the Bank’s approval of the bidding results.  Bid deposit checks of the losing bidders can be claimed upon receipt of notice at Acquired Assets Department 26^th floor Wynsum Corporate Plaza, F. Ortigas Jr. Ave. (formerly Emerald Ave.), Ortigas Center, Pasig City.
14. Upon full settlement of the winning bid price or purchase price, the Bank would execute a Deed of Sale in favor of the winning bidder and release all pertinent documents of the property within five (5) working days subject to the documentary requirements of the Bank.
15. The capital gains tax on the sale shall be shouldered by the Bank while the other taxes, fees and expenses necessary for the transfer of ownership to the winning bidder or buyer shall be for the account of the buyer.
16. The subject property would be turned over to the winning bidder or buyer upon full payment of the winning bid and completion of the Bank’s documentary requirements on the sale.
17. For further inquiries, you may call specifically Resnel (0917-534-2697) or Junie (0917-878-6540) or Monching (0917-594-4910 or 0949-619-1643 or 0922-840-2785 or 02-217-6780).  They may also be reached through acquired.assets@sterlingbankasia.com.

Prescribed bid form

• Sterling Bank Bid Form for Real Estate Properties with broker’s name (click to download)

Happy hunting!

~~~

To our success and financial freedom!

Jay Castillo

Real Estate Investor
PRC Real Estate Broker Registration No. 3194
Blog: http://www.foreclosurephilippines.com
Follow me in Twitter: http://twitter.com/jay_castillo
Find us in Facebook: Foreclosure Investing Philippines Facebook Page

Text by Jay Castillo and Cherry Castillo. Copyright © 2011 All rights reserved.

Full disclosure: Nothing to disclose as of now, I have just submitted requirements for my application for accreditation as a licensed real estate broker. I hope it gets approved soon.

2 Sterling Bank foreclosed properties for sale this September 2011 is a post from: Foreclosure Investing Philippines

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As promised, here’s an updated list of Sterling Bank repossessed cars for sale. This list contains 50 repossessed cars and is updated as of September 1, 2011. The repossessed cars on the list are for sale through sealed bidding and the last day for the submission of bids shall be on Thursday, September 15, 2011, at 3:00 p.m.

Please refer to the complete bidding rules and regulations after the list of repossessed cars below.

Sterling Bank’s list of repossessed properties will be on my next post.

INVITATION TO BID

“as is where is”

as of September 1, 2011

Sterling Bank of Asia is inviting everyone to purchase the following repossessed vehicles:

Displayed at Kotse Network, SM North Edsa beside SM Hypermarket:

Stored in Bagong Barrio, Caloocan City:

Stored in Sterling Bank Caloocan Branch:

Stored in Cebu Warehouse:

BIDDING RULES AND GUIDELINES:

1. This invitation is open to the public.
2. The vehicles are offered on an “as is, where is” basis, thus, prospective buyers are advised to personally visit, inspect and verify them and their pertaining document/s of ownership to ascertain their actual condition and status.
3. Pictures of the vehicles, visits to the vehicles’ storage areas and photocopies of the ownership documents can be coordinated with the personnel of Acquired Assets, specifically Junie (0917-878-6540) or Monching (0917-594-4910 or 0949-619-1643 or 0922-840-2785) or Resnel (0917-534-2697 or 0932-691-1608). They may also be reached through acquired.assets@sterlingbankasia.com.
4. The indicated floor prices are the minimum bid prices, thus, any bid below the floor price would automatically be disqualified.
5. All interested parties may submit their bids in sealed envelopes to the Office of the Audit Group Head, 2^nd Flr. Sterling Bank of Asia Corporate Center, Ortigas Ave., Greenhills, San Juan.
6. All bids must be submitted in the prescribed bid form and must be accompanied by a deposit in the form of a check payable to Sterling Bank of Asia amounting to 10% of the bid price.  It would form part of the purchase price in case the bidder wins.  In the case of a losing bid, it would be returned to the bidder.
7. The last day for the submission of bids shall be on Thursday, September 15, 2011, 3:00 p.m.
8. The indicated prices are only valid until Thursday, September 15, 2011, 3:00 p.m.
9. The bids would be opened and evaluated by the Office of the Internal Audit Head together with a representative from Acquired Assets on the next banking day following the last day of submission. The properties shall be awarded to the highest bidder.  In the event of a tie, the same shall be settled by the drawing of lots.
10. Sterling Bank reserves the right to reject any or all bids, to waive any formality therein and to accept the bid most advantageous to the Bank.  The decision of Sterling Bank would also be final and binding.
11. Winning bidders would be notified by Acquired Assets after the results of the bidding are approved by the Bank’s management. Notified winners would have five (5) working days from receipt of notice to complete the purchase price either in cash or through an approval for an auto loan facility from Sterling Bank.  Failure to fully settle the bid price within the prescribed 5 working day period shall revoke the winning bidder’s right to purchase the subject vehicle and forfeit his/her bid deposit in favor of the Bank.
12. Losing bidding participants would also be notified of the results the following day after the Bank’s approval of the bidding results.  Bid deposit checks of the losing bidders can be claimed upon receipt of notice at Acquired Assets Department 26^th floor Wynsum Corporate Plaza, F. Ortigas Jr. Ave. (formerly Emerald Ave.), Ortigas Center, Pasig City.
13. Upon full settlement of the winning bid price or purchase price, the Bank would execute a Deed of Sale in favor of the winning bidder and release all pertinent documents of the property within five (5) working days subject to the documentary requirements of the Bank.
14. The winning bidder must pull out the vehicle/s from the Bank’s premises within two (2) working days from date of full payment, otherwise, ONE THOUSAND PESOS (PhP 1,000.00) per day shall be charged as storage fee.
15. For further inquiries, you may call Junie (0917-878-6540) or Monching (0917-594-4910 or 0949-619-1643 or 0922-840-2785) or Resnel (0917-534-2697 or 0932-691-1608). They may also be reached through acquired.assets@sterlingbankasia.com.

Official bid form for repossessed vehicles

• Bid form for Sterling Bank repossessed vehicles(click to download)

~~~

To our success and financial freedom!

Jay Castillo

Real Estate Investor
PRC Real Estate Broker Registration No. 3194
Blog: http://www.foreclosurephilippines.com
Follow me in Twitter: http://twitter.com/jay_castillo
Find us in Facebook: Foreclosure Investing Philippines Facebook Page

Text by Jay Castillo and Cherry Castillo. Copyright © 2011 All rights reserved.

Full disclosure: Nothing to disclose.

50 Sterling Bank repossessed cars for sealed bidding this September 2011 is a post from: Foreclosure Investing Philippines

Incoming search terms:

Sterling Bank of Asia invites interested parties to bid for their repossessed vehicles for sale on an “As is where is” basis. The deadline for submission of sealed bids will be on Thursday, August 11, 2011, 3:00pm. I would like to acknowledge and give thanks to Junie Jamero  for sending us this invitation to bid. Junie is also from the Acquired Assets Mgmt. Department of Sterling Bank of Asia. Please continue reading to see the complete list of repossessed cars for sale, bidding guidelines, and pictures of the vehicles.

INVITATION TO BID

“As is where is”

As of July 29, 2011

Sterling Bank of Asia is inviting everyone to submit sealed bids for the following repossessed vehicles:

Stored in Bagong Barrio, Caloocan City
	Make	Year Model	Color	Plate No.	Mileage	Minimum Bid Price
1	BMW 116i A/T Gas	2010	White	no plate	5,025	1,517,000.00
2	Chevrolet Captiva A/T Diesel	2009	Silver	YHZ 722	12,235	1,036,000.00
3	Chevrolet Trailblazer A/T Gas	2005	Black	HDK-888	53,150	662,000.00
4	Hyundai Tucson A/T Gas	2009	Blue	NOI-938	32,813	747,000.00
5	Isuzu Alterra A/T Diesel	2010	Black	NOG-355	17,409	1,128,000.00
6	Isuzu Dmax LS 4×2 M/T Diesel	2010	Black	LGR 388	18,941	910,000.00
7	Isuzu Sportivo M/T Diesel	2010	Red	YJV 931	4,870	964,000.00
8	Kia Soul A/T Gas	2010	Black	YHN-955	7,272	975,000.00
9	Mazda Tribute 2.3L A/T Gas	2008	Black	YGY-199	29,461	812,000.00
10	Mazda 3 1.6L A/T Gas	2009	Black	NBO-118	17,971	530,000.00
11	Mitsubishi Lancer EX GT M/T Gas	2009	Black	NKQ-942	13,310	895,000.00
12	Mitsubishi Lancer EX GLX M/T Gas	2010	White	PQQ-954	6,934	777,000.00
13	Mitsubishi Lancer EX GLX M/T Gas	2010	Beige	PHO-702	8,077	760,000.00
14	Nissan X-trail A/T Gas	2008	Black	ZME-531	70,865	637,000.00
Stored in Sterling Bank Caloocan Branch
	Make	Year Model	Color	Plate No.	Mileage	Minimum Bid Price
15	Chevrolet Aveo M/T Gas	2010	Silver	FGX 232	5,212	534,000.00
16	Ford Everest A/T Diesel	2007	Black	ZLE-751	67,664	774,000.00
17	Ford Focus Hatchback 1.8L A/T Gas	2008	Black	ZNP 400	77,688	526,000.00
18	Honda Civic Vti M/T Gas	2004	White	GTY-673	95,830	338,000.00
19	Hyundai Getz M/T Gas	2010	Silver	PHO-983	2,353	420,000.00
20	Hyundai Getz M/T Gas	2010	Black	PHO-437	17,141	416,000.00
21	Hyundai i10 Gold A/T Gas	2010	Black	PXQ-588	9,990	515,000.00
22	Hyundai i10 GLS 1.2L A/T Gas	2010	Gold	PGQ-627	14,257	428,000.00
23	Hyundai i10 GLS 1.2L A/T Gas	2009	Silver	NTI-433	22,218	400,000.00
24	Hyundai i10 A/T Gas	2009	Gold	NQI-675	57,577	377,000.00
25	Hyundai Sta Fe CRDi A/T Diesel	2008	White	7C1289D	37,634	865,000.00
26	Hyundai Tucson CRDi A/T Diesel	2009	Silver	NHI-744	9,800	813,000.00
27	Hyundai Tucson A/T Gas	2009	Black	NVO-908	54,808	746,000.00
28	Kia Carens A/T Diesel	2008	Black	YHN 706	15,234	800,000.00
29	Kia Rio A/T Gas	2010	Gray	YJG-236	26	560,000.00
30	Kia Rio M/T Gas	2010	White	YHS-481	7,006	550,000.00
31	Kia Rio M/T Gas	2010	White	FGX 234	35,170	500,000.00
32	Kia Rio M/T Gas	2009	Red	ZTT-240	15,960	542,000.00
33	Mazda 3 1.6L A/T Gas	2010	White	YJQ 205	3,031	694,000.00
34	Mazda 3 1.6L A/T Gas	2009	Red	YGP-316	18,854	626,000.00
35	Mazda 3 1.6L A/T Gas	2007	Red	ZNJ-468	64,954	455,000.00
36	Mazda 3 1.6L A/T Gas	2006	Red	ZGK-628	25,308	380,000.00
37	Mitsubishi Adventure GX M/T Diesel	2009	Red	NUI-712	78,164	560,000.00
38	Mitsubishi Fuzion GLX A/T Gas	2008	Silver	NQI-836	24,588	680,000.00
39	Ssangyong Stavic A/T Diesel	2009	Black	ZTT-402	16,582	548,000.00
40	Ssangyong Stavic A/T Diesel	2007	White	ZKY-204	67,281	469,000.00
41	Suzuki Celerio M/T Gas	2010	Blue	NIP-621	14,819	444,000.00
42	Suzuki Swift M/T Gas	2009	Red	YHF 143	25,104	540,000.00
43	Toyota Altis G A/T Gas	2009	Black	NII-818	42,094	588,000.00
44	Toyota Avanza J M/T Gas	2009	Black	YJA 499	22,487	470,000.00
45	Toyota Hiace Commuter Van M/T Diesel	2003	Light Green	XNC-255	152,056	446,000.00
46	Toyota Innova Sport Runner A/T Diesel	2010	Bronze	NQG 528	15,310	820,000.00

 

BIDDING RULES AND GUIDELINES:

1. This invitation is open to the public.

2. The vehicles are offered on an “as is, where is” basis, thus, prospective buyers are advised to personally visit, inspect and verify them and their pertaining document/s of ownership to ascertain their actual condition and status.  Pictures of the vehicles offered for bidding can be viewed at the Bank’s website, www.sterlingbankasia.com. (you may also click on the image below to view the PDF file which contains pictures of the repossessed cars for sale)

Click to view/download pictures of the repossessed cars for sale (File size: 5.31MB)

3.       Visits to the vehicles’ storage areas and photocopies of the ownership documents can be coordinated with the personnel of Acquired Assets, specifically Junie (0917-878-6540 or 02-982-9343) or Monching (0917-594-4910 or 0949-619-1643 or 0922-840-2785 or 02-982-9377 or 02-217-6780) or Resnel (0917-534-2697 or 0932-691-1608 or 02-982-9388 local 2781) or Adrian (0927-394-8279 or 02-982-9388 local 2718). They may also be reached through acquired.assets@sterlingbankasia.com.

4.       The indicated floor prices are the minimum bid prices, thus, any bid below the floor price would automatically be disqualified.

5.       All interested parties may submit their bids in sealed envelopes to the Office of the Audit Group Head, 2^nd Flr. Sterling Bank of Asia Corporate Center,Ortigas Ave., Greenhills, San Juan.

6.       All bids must be submitted in the prescribed bid form and must be accompanied by a deposit in the form of a check payable to Sterling Bank of Asia amounting to 10% of the bid price.  It would form part of the purchase price in case the bidder wins.  In the case of a losing bid, it would be returned to the bidder.

7.       The last day of submission of bids shall be on Thursday, August 11, 2011, 3:00 p.m. The prices quoted above shall be valid only up to the last day of submission.

8.       The bids would be opened and evaluated by the Office of the Internal Audit Head together with a representative from Acquired Assets on the next banking day following the last day of submission. The properties shall be awarded to the highest bidder.  In the event of a tie, the same shall be settled by the drawing of lots.

9. Sterling Bank reserves the right to reject any or all bids, to waive any formality therein and to accept the bid most advantageous to the Bank.  The decision of Sterling Bank would also be final and binding.

10. Winning bidders would be notified by Acquired Assets after the results of the bidding are approved by the Bank’s management.   Notified winners would have five (5) working days from receipt of notice to complete the purchase price either in cash or through an approval for an auto loan facility from Sterling Bank.  Failure to fully settle the bid price within the prescribed 5 working day period shall revoke the winning bidder’s right to purchase the subject vehicle and forfeit his/her bid deposit in favor of the Bank.

11.   Losing bidding participants would also be notified of the results the following day after the Bank’s approval of the bidding results.  Bid deposit checks of the losing bidders can be claimed upon receipt of notice at Acquired Assets Department 26^th floor Wynsum Corporate Plaza, F. Ortigas Jr. Ave. (formerly Emerald Ave.), OrtigasCenter, Pasig City.

12.   Upon full settlement of the winning bid price or purchase price, the Bank would execute a Deed of Sale in favor of the winning bidder and release all pertinent documents of the property within five (5) working days subject to the documentary requirements of the Bank.

13. The winning bidder must pull out the vehicle/s from the Bank’s premises within two (2) working days from date of full payment, otherwise, ONE THOUSAND PESOS (PhP 1,000.00) per day shall be charged as storage fee.

14.   For further inquiries, you may call Resnel (0917-534-2697 or 0932-691-1608 or 02-982-9388 local 2781) or Adrian (0927-394-8279 or 02-982-9388 local 2718) or Junie(0917-878-6540 or 02-982-9343) or Monching (0917-594-4910 or 0949-619-1643 or 0922-840-2785 or 02-982-9377 or 02-217-6780).  They may also be reached through acquired.assets@sterlingbankasia.com.

~~~

Happy hunting!

~~~

To our success and financial freedom!

Jay Castillo

Real Estate Investor
PRC Real Estate Broker Registration No. 3194
Blog: http://www.foreclosurephilippines.com
Follow me in Twitter: http://twitter.com/jay_castillo
Find us in Facebook: Foreclosure Investing Philippines Facebook Page

Text by Jay Castillo and Cherry Castillo. Copyright © 2011 All rights reserved.

Full disclosure: Nothing to disclose.

Sterling Bank of Asia repossessed vehicles for sale on August 11, 2011 is a post from: Foreclosure Investing Philippines

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