UnionBank of the Philippines usually conducts two auctions per month. The Metro Manila/Luzon Auction normally 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 Sample computation
- 4 Properties with asterisk(*)
- 5 How to inquire
- 6 The “fine print”
- 7 Are you bidding? Get us as your real estate broker…
UnionBank foreclosed properties auctions and listings
Metro Manila, Luzon, and Amalfi House and Lots
The 211th special public auction of UnionBank foreclosed properties located in Metro Manila and Luzon shall be held on December 21, 2013, Saturday, 9:00m, at the Function Room 1, 28th Floor, UnionBank Plaza, Meralco Avenue corner Onyx Road, Ortigas Center, Pasig City Philippines.
The complete list of foreclosed properties included in UnionBank’s 211th special public auction is ready for download below. Just click on the image to download…
or click on the following link:
- 211th UnionBank Foreclosed Properties Luzon/Metro Manila (December 21, 2013) – PDF
The second auction includes brand new house and lots located at the Amalfi in Dasmarinas Cavite.
To view pictures of the Amalfi house and lots, please click on the following link:
Visayas and Mindanao
The 210th special public auction of UnionBank foreclosed properties located in the Visayas and Mindanao areas shall be held on December 14, 2013, Saturday, 9:00m, at the following venues:
- BACOLOD CITY (Business Inn Hotel, Lacson Street)
- CEBU CITY (Cebu Country Club, Banilad)
The complete list of foreclosed properties included in is ready for download below. Just click on the image to download:
or click on the following link:
- 210th UnionBank foreclosed properties auction VisMin (December 14, 2013) – PDF
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!
Interested bidders only need to bring Php20,000 show money in the form of cash or manager’s checks (MC) per property.
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
Properties with asterisk(*)
Properties on the list that have an asterisk(*) 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)
|RONALD||637-1445 or 667-6388 local 8372|
|JENNY||637-1441 / 667-6388 local 8376|
|MARLON||667-6388 local 8371|
|ROSS||638-1445 or 667-6388 local 8349|
|ANGEL||667-6388 local 8364|
|NHOVEE||667-6388 local 8373|
|DORIS||638-0125 or 667-6388 local 8358|
|GEL||667-6388 local 8374|
|AICONE||667-6388 local 8350|
*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
Are you bidding? Get us as your real estate broker…
If you are going to attend the Metro Manila and Luzon auction to bid on a property , and you learned about the property from www.foreclosurephilippines.com, kindly acknowledge me as your broker/referror during the auction. Don’t forget to let us (Jay and Cherry Castillo) know by calling/texting:
… so we can assist you during, and after the auction (as real estate brokers, we do this for free for buyers).
We highly suggest that bidders come early (around 8:00am) so we can give you an overview of things you should know, and we can also answer any questions you may have, before the auction starts.
Don’t forget to call/text to confirm your attendance so we can reserve the best seat(s) for you during the auction. Thank you.
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.