Home » 189th UnionBank foreclosed properties auction slated on August 25, 2012 (Still no credit checking)

189th UnionBank foreclosed properties auction slated on August 25, 2012 (Still no credit checking)

The 189th Special Public Auction of UnionBank foreclosed properties will be on August 25, 2012, at the 29th Floor UnionBank Plaza, Meralco Avenue corner Onyx Road, Ortigas Center, Pasig City, Philippines. Auction proper starts at 9:00am. Interested bidders are reminded to come early for registration prior to the auction proper. Keep in mind that UnionBank auctions start promptly.

This auction includes foreclosed properties from the Metro Manila and Luzon areas.

Interested bidders only need to bring PHP 20,000 show money in the form of cash or manager’s checks to qualify to bid per property. As usual, foreclosed properties are for sale on an “as is where is” basis.

Bidding terms

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

Still NO CREDIT CHECKING for residential properties!

Commercial and agricultural properties are subject to credit approval.

Download the foreclosed properties listing

You may now download the complete list of UnionBank foreclosed properties included in the public auction on August 25, 2012, in PDF format (requires adobe acrobat reader). Just click on the image below…

or click on the following link: 189th UnionBank Foreclosed properties auction on August 25 2012 – PDF

Who to contact

To learn more about the foreclosed properties for sale, 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.

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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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Leave a Comment

5 thoughts on “189th UnionBank foreclosed properties auction slated on August 25, 2012 (Still no credit checking)”

  1. How come the minimum bid prices dont sound like a good deal. its practically market value. Is the minimum bid price actually upheld? Or do people bid below that?

    Thanks

    Reply
    • Hi Jay, as I have mentioned in the past, selling prices of foreclosed properties are not always always at below market value. While there cheap ones, there are those that are being sold at full market value and the key is finding which is which.

      For public auctions, bidding starts at the minimum bid price and can only go higher, not lower.

      After the auction however, unsold properties are available for negotiated sale and people can submit offers below the indicative price but are still subject to management’s approval.

      Reply
      • Thanks, got it. This was the first page I read on your blog – only read the other pages after this one, where I found more information…

        Hoping to buy some sort of property soon!

        Reply
  2. Hi sir. I’m a graduating college student who wants to engage in wholesaling properties. Can I attend the auction as an observer? I’ve never been to any real estate auctions before and if ever, this will be my first time to attend one. I believe this would be a great experience for me..

    Reply
    • Hi AK, yes you may attend as an observer but I highly suggest you register and confirm in advance to ensure seat availability. I remember the excitement when I first attended a public auction of bank foreclosed properties and I’m quite sure you will experience the same. I would also suggest you come early so you can catch the explanation of bidding rules and guidelines.

      Reply

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