UnionBank of the Philippines usually conducts two auctions per month. The firs includes Metro Manila/Luzon properties, while properties from the Visayas and Mindanao areas are included in a separate auction.
Updated auction schedules, venues, complete listings, auction terms, sample computations, and contact details can be found below.
At A Glance...
UnionBank foreclosed properties auctions and listings
Metro Manila, and Luzon
The 249th special public auction of UnionBank foreclosed properties located in Metro Manila and Luzon will be held on April 23, 2016.
The complete list is ready for download. Just click on the download button below…
Updated on March 17, 2016: Property # 1 has been pulled out of the auction
The list we have right now is for the April 18, 2016 bidding, which you can download below.
To get more details, please call Unionbank directly through the telephone numbers indicated inside the list of repossessed cars above.
Visayas and Mindanao Auctions
The 236th special public auction of UnionBank foreclosed properties located in the Visayas and Mindanao areas shall be held on July 25, 2015.
The complete list of foreclosed properties included in is ready for download below. Just click on the button below to download:
UnionBank still offers very affordable payment terms as follows:
- Cash purchases will get a 5% discount (terms and conditions apply)!
- Installment terms are as follows:
|Downpayment:||10% (minimum) 6 months to pay at zero-interest|
|Interest:||11% per annum (fixed for 15 years)|
|Term:||15 years (maximum) thru in-house guaranteed financing|
*Still no credit checking for residential properties!
Bidders need to bring Php20,000 show money in the form of cash or manager’s checks (MC) per property to participate in the auction.
SELLING PRICE (SP)= Php1,000,000.00
TERM: 15 years
DOWN PAYMENT (DP) = 10% of SP = Php100,000
Down payment (6 months to pay)
Down payment per month:
- 1st month: Php16,666.67
- 2nd month: Php16,666.67
- 3rd month: Php16,666.67
- 4th month: Php16,666.67
- 5th month: Php16,666.67
- 6th month: Php16,666.67
Monthly amortization = (SP – DP) x Amortization Factor Rate
=(Php1,000,000 – Php100,000) x 0.0113659693*
*note: amortization factor rate used is for 11% interest rate at 15 year term (click here to view amortization factor rate table)
You may also use our mortgage calculator to compute for the monthly amortizations.
– Properties at reduced prices
– Brand new
– Properties that are still in the process of consolidation, which means the titles are still in the process of being transferred to the bank.
How to inquire
For prompt assistance when inquiring about any of the foreclosed properties on the list, please call UnionBank directly through the contact numbers in the flyer/listing which you can download above.
*Note: Please call during office hours: 8:30am to 5:30pm (Monday to Friday)
The “fine print”
Commercial properties are subject to credit approval
CWT is for the account of the buyer
The sale is on an “as is where is” basis
Misprints are not misrepresentation of any property
UnionBank may, at anytime, withdraw any of the properties listed above prior to auction
To our success and financial freedom!
Text by Jay Castillo and Cherry Castillo. Copyright © 2008 – 2016 All rights reserved.
Full disclosure: If a buyer will acknowledge me as their broker/referror, I may receive referral fees (at no additional cost to the buyer). Thank you in advance for supporting our hard work and this website.