UnionBank 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.
Table of Contents
- 1 UnionBank foreclosed properties auctions and listings
- 2 Auction terms
- 3 Show money
- 4 Sample computation
- 5 Legend
- 6 How to inquire
- 7 Attend the auction
- 8 The “fine print”
UnionBank foreclosed properties auctions and listings
February 28, 2015 Auction – Metro Manila, Luzon, and Amalfi House and Lots
The 229th special public auction of UnionBank foreclosed properties located in Metro Manila and Luzon will be held on February 28, 2015.
The complete list is ready for download below. Just click on download button below…
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:
December 6, 2014 Auction – Visayas and Mindanao
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:
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 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
To our success and financial freedom!
Text by Jay Castillo and Cherry Castillo. Copyright © 2008 – 2013 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.
P.S. Are you looking for a property to buy? In addition to foreclosed properties, are you also considering Pre-selling and Ready For Occupancy (RFO) properties? If you answered yes to any of the previous questions, help is available for you. Just click on the following link to get assistance with finding a property: Find a property