Home » Foreclosed Properties » 181st auction of UnionBank foreclosed properties slated on February 25, 2012

181st auction of UnionBank foreclosed properties slated on February 25, 2012

The 181st Special Public Auction of UnionBank foreclosed properties will be happening on February 25, 2012, Saturday, 9:00am, at the 29th Floor, UnionBank Plaza, Meralco Avenue corner Onyx Road, Ortigas Center, Pasig City, Philippines.

UnionBank still offers Zero-interest for the 10% downpayment, which is payable in six months. The balance is payable up to a maximum of 15 years, at a fixed interest rate of only 11% per annum, and STILL NO CREDIT CHECKING.

For sale through public auction are foreclosed properties from Metro Manila and Luzon. Download the complete listing of foreclosed properties below.

Download the list of Unionbank foreclosed properties

181st UnionBank foreclosed properties auction on February 25 2012 - PDF (click to download)
181st UnionBank foreclosed properties auction on February 25 2012 listing preview - PDF (click to download the complete list)

Source: Lance Yadao of UnionBank

See you at the auction

I will be attending the auction on Saturday and if you are also attending, I look forward to seeing you there.

By the way, if you intend to bid on any property on the list above, we would appreciate it if you will acknowledge me as your referror*.

Thank you in advance for supporting this website and all the work we put in it!

For more information

Call:

  • Lance / Eriq / Ronald / Rap 637-1445
  • Doris 638-0125
  • Jenny/Liu 638-0092
  • Gel 638-0113
  • Mobile Nos. 0920-96-ASSET (27738) & 0917-81-ASSET (27738)

E-mail:

  • esbabas@unionbankph.com

or visit www.unionbankph.com (click SHOP)

 The “fine print”

Creditable withholding Tax (CWT) is for the buyer’s account.

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
PRC Real Estate Broker License No. 3194 
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 © 2008 – 2012 All rights reserved.

*Full disclosure: If a buyer will acknowledge me as their 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.

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About Jay Castillo
People encounter problems and make mistakes when buying foreclosed properties, and Jay wants to help people avoid those problems/ mistakes. Jay encountered a lot of those, which is why he started this blog in 2008 to serve as a guide where he shares lessons learned, and how to overcome challenges you may encounter when investing foreclosed properties in the Philippines … [Read more]
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4 thoughts on “181st auction of UnionBank foreclosed properties slated on February 25, 2012”

  1. Pingback: Visayas and Mindanao foreclosed properties for sale in UnionBank’s 182nd Special Public Auction
  2. Bank-owned foreclosed properties hey, that’s the sort of property i would be interested in…ill keep an eye on this blog and follow with interest..could i suggest that some time you post up the results from one of these actions so your followers from a far could get a better idea of what prices these property’s actually achieve.
    Jay pretty much all Aussie auctions are open auctions, my favourites are the ones with no reserve. 🙂 i always by my car at Auction, usually finance company repossessions. 

    Reply
  3. Hey Jay 

    Congrats on the blog it makes for good and interesting reading.

    I’ve heard that these foreclosure auctions are silent as in bidders get to make one bid that gets put in an envelope? is this true? …ive also read that the actual sale could take months and months to go thru to hand over? also have read that just the auction can take weeks to come to a conclusion?Are there any/many open auctions like in Australia .. bidders say a price and the price rises until over the reserve then its sold to the highest bidder?

    Reply
    • Hi Darren,

      Thanks for the kind words, really appreciate it!

      With regard to this auction, the properties are already bank-owned foreclosed properties, which means the sale is faster as compared to foreclosure auctions where the owner still has 1 year to redeem the property. In addition, this is an open auction and the bidding starts with the minimum bid price on the listing (this is also equivalent to the reserve you mentioned) and whoever has the highest bid wins.

      I think there would be a lot of open auctions in Australia, I had a guest post about this last year I think.

      I hope I have answered your questions. Please feel free to let me know if you need further clarifications.

      Thanks and cheers!

      Reply

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