The 193rd Special Public Auction of UnionBank foreclosed properties will be held on November 17, 2012, Saturday, 9:00am, at the 29th Flr. UnionBank Plaza, Meralco Ave. cor. Onyx Road, Ortigas Center, Pasig City, Philippines.
Included in this auction are foreclosed properties from Luzon, Metro Manila, and brand new house and lots located at Amalfi(Phase 4), at The Islands Governor’s Drive, Dasmarinas, Cavite which is just 2 kilometers away from SM and Robinsons Dasmarinas (more details like photos and videos are to follow in another post).
Interested bidders are reminded to come early to have enough time to register as the auction starts promptly at 9:00am!
Frequently asked questions for UnionBank foreclosed properties
Q. Do I get a discount if I pay in cash?
A. Yes, UnionBank still offers a 5% discount on cash sales.
Q. What is the minimum downpayment?
A. 10% of the selling price (winning bid), 6 months to pay, at zero-interest.
Q. What is the interest rate for installment terms?
A. 11% per annum (fixed for 15 years).
Q. What is the longest payment term available?
A. 15 years.
Q. Is there still no credit checking?
A. Yes, for residential properties.
Q. Do I need to bring show money?
A. Yes, interested bidders only need to bring PHP 20,000 show money in the form of cash or manager’s check (payee is UnionBank) to qualify to bid, per property.
Got more questions? Ask them now through the comment form below.
Download the UnionBank foreclosed properties listing
You can download the list of foreclosed properties included in UnionBank’s 193rd special public auction on November 17, 2012, just click on the image below…
or click on the following link to download the list:
Source: Ronald M. Panganiban, Asset Recovery Officer, Union Bank of the Philippines
How to request for more details
To know more about the foreclosed properties for sale, please *call UnionBank directly through the following:
|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|
|MARLON||667-6388 local 8371|
*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?
If you are going to bid on a property, and you learned about the property from www.foreclosurephilippines.com, kindly acknowledge me as your referror during the auction.
We would appreciate it if you can call/text to confirm your attendance so we can reserve a seat for you during the auction. Thank you.
To our success and financial freedom!
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.
FREE CHECKLIST: IDENTIFY AND AVOID PROBLEMATIC FORECLOSED PROPERTIES BY DOING PROPER DUE DILIGENCE!
Avoid losing money, wasted time and effort caused by buying foreclosed properties that have too many problems, with our free 60-item Property Due Diligence Checklist. Grab your free copy now.