UnionBank Foreclosed Properties Auction Schedules And Listings (2015)

Updated on May 23, 2015 by
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Unionbank foreclosed property auctionUnionBank of the Philippines usually conducts two auctions per month. The Metro Manila/Luzon Auction usually includes the brand new AMALFI house and lots located in Dasmarinas Cavite, 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.

UnionBank foreclosed properties auctions and listings

Metro Manila, Luzon, and Amalfi Houses and Lots

The 233st special public auction of UnionBank foreclosed properties located in Metro Manila and Luzon will be held on May 23, 2015.

The complete list is ready for download below. Just click on download button below…

Complete Listing – 233rd Unionbank foreclosed properties auction (May 23, 2015) (PDF)

Brand new house and lots located at the Amalfi in Dasmarinas Cavite are still available. To view more pictures of the Amalfi house and lots, please click on the links below:

amalfi-march-28-2015

AMALFI HOUSE AND LOTS (Dasmarinas, Cavite) w/ pictures

Visayas and Mindanao Auctions

The 226th special public auction of UnionBank foreclosed properties located in the Visayas and Mindanao areas shall be held on December 6, 2014, Saturday, 9:00m, at the following venues:

  • ILOILO CITY (Sarabia Manor, General Luna Street)
  • CEBU CITY (Cebu Country Club, Banilad)
  • CAGAYAN DE ORO CITY (The VIP Hotel, Don Apolinar Velez Street)

The complete list of foreclosed properties included in is ready for download below. Just click on the button below to download:

226th-UnionBank-Foreclosed-Properties-Visayas-Mindanao (December 6, 2014) – PDF

Auction terms

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!

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Show money

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.

Sample computation

SELLING PRICE (SP)= Php1,000,000.00

TERM: 15 years

DOWN PAYMENT (DP) = 10% of SP = Php100,000

Down payment (6 months to pay)

=DP/6 months

=Php16,666,67/month

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

Monthy Amortization

Monthly amortization = (SP – DP) x Amortization Factor Rate

=(Php1,000,000 – Php100,000) x 0.0113659693*

=Php10,229.37

*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.

Legend

check– Properties at reduced prices

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– Brand new

asterisk

 – 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 following:

  • Mobile Nos: 0920-96 ASSET (27738) / 0917-81 ASSET (27738) / 0932-88 ASSET (27738)
  • Landlines: 637-1445/ 638-0125 / 637-1441/ 636-6359
  • Trunkline: 667-6388 locals 8372 (Ronald) / 8376 (Jenny) / 8371 (Marlon) / 8373 (Ela) / 8362 (Nhovee) / 8349 (Ross) / 8364 (Angel) / 8358 (Doris) / 8374 (Gel)

*Note: Please call during office hours: 8:30am to 5:30pm (Monday to Friday)

Attend the auction

If you want to attend the auction to bid on any of the foreclosed properties on the list, just let me know and we would be happy to assist you. You may contact me at:

  • Jay Castillo: 0917-8843882 / 585-9200

Note: Only bidders with required show money are allowed to attend the auction, observers are not allowed… sorry!

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

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
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Text by Jay Castillo and Cherry Castillo. Copyright © 2008 – 2013 All rights reserved.

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