UnionBank’s 165th special public auction of foreclosed properties will be happening this coming February 26, 2011, Saturday, at the 29th floor, UnionBank Plaza, Meralco Avenue corner Onyx Road, Ortigas Center, Pasig City, Philippines. The auction starts at 9:00am. Interested bidders are reminded to come on time.
I noticed UnionBank has been consistently having public auctions every month, and I’m very thankful to Lance Yadao of UnionBank for always sending us a copy of their list of foreclosed properties for auction.
Download the list of foreclosed properties for sale
You may download the list of UnionBank foreclosed properties for sale below.
A copy of the flyer/list of foreclosed properties for sale in PDF format is also available through the following link: 165th SPECIAL PUBLIC AUCTION UNIONBANK FORECLOSED PROPERTIES feb-26-2011.pdf
To get more details
Please call:
- Lance/Eriq/Ronald/Rap/Oyo 637-1445, Doris 638-0125, Mark 638-0092, Gel 636-6359
- Trunkline No. 667-6388 locals 8372, 8358, 8349, 8362, 8364, 8374 & 8369
E-mail:
Visit their website
- www.unionbankph.com (click SHOP)
Reminders
JUST BRING P20,000 SHOW MONEY (CASH/MC) TO QUALIFY TO BID FOR EACH PROPERTY. CWT IS FOR THE BUYER’S ACCOUNT. FIXED 13% INT. P.A. (FIRST 3 YEARS) & 15% INT. P.A. (NEXT 12 YEARS).
MISPRINTS ARE NOT MISREPRESENTATION OF ANY PROPERTY. ALL PROPERTIES FOR SALE ARE ON “AS IS WHERE IS” BASIS.
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
Real Estate Broker License #: 20056
Blog: https://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.
PS. Change your mindset and start thinking like a real estate investor! Attend the Think Rich Pinoy Seminar on February 26, 2011. Click here to learn more!
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Sir Jay:
Good day!
Thank you for attending our 165th special public auction held last 26 February 2011. It’s my honor to see you in person…
Thank you!
I want to be clarified regarding the one-year redemption period given by law to the original owner of a foreclosed property. Is the one-year period lapsed already before a property is offered on a public auction? If not, then the original owner still have the possibility of recovering back his property from the winning bidder within that one-year period.
Many thanks in advance for your answer.
Hi Ray, foreclosed properties are usually offered for public auction only after the 1-year redemption has lapsed. Sometimes though, I come across a few listings with a few properties where the bank discloses that a property is still within the redemption period. It is not advisable to buy these, because as you said, the owner can still redeem it. Thanks for the question!
How do you know if a property is an apartment row without physical visit? Thanks!
Hi Issa, one clue would be having a large floor area, usually twice the lot area. You can then confirm this by calling the bank and ask questions like how many bedrooms and toilets & baths it has. Thanks for the question!
Thank you Sir Jay!
Yes, it is true that we are conducting auction on a monthly basis and we are very thankful that I’ve met you (even only in the NET).
Indeed, FORECLOSURE PHILIPPINES is a great help. So, I encourage every institution engaged (or somehow engaged) in real estate to maximize the privilege given by Sir Jay through FORECLOSURE PHILIPPINES to promote your real estate / properties. In this business always remember Adam Smith’s “invisible hand” i. e. as you pursue your self interest, you are pursuing the interest of the society. With this, we are all WINNERS.
Happy ASSET Investing!
Hi Lance, nice to see you here! I look forward to meeting you in one of your auctions one of these days!