188th UnionBank foreclosed properties auction to be held on July 28, 2012

Another month, another auction of foreclosed properties. That’s how reliable and consistent our friends from UnionBank are. Their 188th Special Public Auction will be happening on July 28, 2012, Saturday , 9:00am, at 29th Floor, UnionBank Plaza, Meralco Avenue corner Onyx Road, Ortigas Center, Pasig City, Metro Manila, Philippines. For more details, please refer to a snippet of the auction announcement below.

UNIONBANK 188th SPECIAL PUBLIC AUCTION OF LUZON PROPERTIES

UnionBank of the Philippines will conduct another half-day Public Auction of real estate properties on 28 July 2012 (Saturday) at 29th Floor UnionBank Plaza, Meralco Avenue corner Onyx Road, Ortigas Center, Pasig City at 9:00 AM.

Just bring PhP 20,000 show money (cash or manager’s check) to qualify to bid for each property. The sale is on “as is where is” basis.

The properties for bidding consist of residential lots, house and lots, townhouses, condominium units, residential buildings, commercial lots, industrial lots, agricultural lots, commercial space, and industrial / commercial warehouses. These properties are available for sale at reasonable prices. We offer 5% discount on cash sales and affordable credit terms, as follows;

Downpayment: ONLY 10% DP (6 months to pay, zero-interest)
Interest: Only 11% per annum (fixed for 15 years)
Term: 15 years (maximum) thru in-house guaranteed financing

View the list of properties here -> 188th UnionBank Foreclosed Properties Auction (Luzon – Metro Manila – Amalfi) July 28 2012 – PDF (click to download)

Should you wish to know more about these properties, please contact:

Mobile Nos. 0920-96 ASSET (27738) / 0917-81 ASSET (27738)
LANCE 637-1445 or 667-6388 local 8362
ERIQ 638-1445 or 667-6388 local 8373
DORIS 638-0125 or 667-6388 local 8358
RAP 667-6388 local 8364
RONALD 637-1445 or 667-6388 local 8372
GEL 667-6388 local 8374
JENNY 637-1441 / 667-6388 local 8376
LUI 637-1441 / 667-6388 local 8371

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

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
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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.

P.S. – I am still trying to get back in the groove after all that has happened. We still ask for patience and understanding. Thank you.

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10 thoughts on “188th UnionBank foreclosed properties auction to be held on July 28, 2012”

  1. Pingback: Learn how to invest in foreclosures at the Philippine Real Estate Festival 2012

  2. Kuya Jay do we really need to go on auction procedures to get some property in Unionbank??Wala bang chance ang mga ofw na kumuha ng property since we are abroad?Hindi ba pwedeng magbid kami thru email??

  3. Hi Jay, I want to ask, can I bid on my own foreclosed property? Unionbank is giving me a hard time. Here is what happened. I took up a housing loan with Unionbank way back 2008, I am currently in Dubai, sending the remittances thru my father’s account (where there is an autodebit facitlity to pay for my monthly ammortization). Early this month, July 2012, I sent an email to my previous contact just to see how much has been paid from my housing loan. I almost died when I received the SOA indicating my property has been foreclosed since July 2011!!! I was totally unaware! Then then told me that I had a late payment for 1 month ammortization and that triggered the F/C procedure, what is totally unacceptable was that the money we are sending to my father’s account is continuously being remitted, the loan payment is not being debited since the property is already foreclosed and that they have stopped the autodebit. Way back August, my father got very ill, and my brother who is the immediate family with him abandoned him, so I have to send my sick father to my relatives to be taken care of, sadly he passed away last Dec 2011. It seems that those “letters/correspondences” were being sent during those times and it did not reach me, the house was vacant from August 2011 to April 2012, how can the bank proceed with such considering they have not made a proper contact to the borrower and just relied on the letters being sent which I have not received? The bank has my records of my office number and email address here in Dubai and did not even attempt to ensure I am properly notified? Considering I have already made contact to them years past re my account (since I cannot make overseas phone call regularly) I told them if only the remittances we are sending (which amounted to almost 400k) were being denied then we would have been at least made aware something is wrong my account! I have already asked a friend lawyer to look into it and I hope the negotiations will be to my advantage. Now if the bank will not budge, my question is that can I bid on my own foreclosed property?

  4. condolence sir.
    need po your insights and suggestions as well…
    if ever we want to buy an agricultural property that is for sale, can you suggest banks that i can inquire and transact with?
    also the requirements, prevailing interests etc.
    wala pa po kasi ako idea with regards to this.
    thanks po again and more power. praying for God’s comfort to you and your family as well.

  5. may i ask lng po what should i do im interested much in a particular foreclosed property but there is a former owner.it is advisable to buy the said property even it is still occupied?thanks. more power!

    1. Hi Polda, the only time I can say it is advisable to buy an occupied property is if a buyer and the former owner can reach a mutually beneficial agreement prior to the purchase, and it should be in writing and legally binding. Otherwise, buying an occupied property can mean a long court battle ahead, and my advice would be to just walk away and look for other more suitable properties. I hope this helps, cheers!

  6. Im glad you’re on the track again jay, sad to know but we have to move on for better. Many thanks for the above info. Looking forward to meet you at cebu summit..

    eric

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