Home » 193rd UnionBank foreclosed properties auction slated on November 17, 2012

193rd UnionBank foreclosed properties auction slated on November 17, 2012

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.

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]
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.

Leave a Comment

2 thoughts on “193rd UnionBank foreclosed properties auction slated on November 17, 2012”

  1. Hi Jay please see if you interested in this investment in Antipolo:
    Good day po !

    Currently I am holding ( i am who provided financing) 1-st mortgage / inhouse collaterized by house and lot in Antipolo.

    Due to the fact that I need lump sum of cash this inhouse is for sale. Please see essential details below :

    – Borrower is OFW with high steady income.

    – Total contract price ( cost of the unit ) 2,400,000.00 PHP

    – Borrower has 626,000.00 PHP equity in the house. Remaining principal 1,774,000.00 PHP

    – Term: 10 years at 18 % annually, fixed rate.

    – Inhouse has an assignment clause, which allows transfer of rights at any time.

    – Property is 3 bedroom, 2 T/B, two story brand new building. Lot size 60 SQ M, floor: 80 SQ M. Located in Antipolo, near Masinag market, Maries village. Subdivision with entrance gate, CCTV, security guarded 24/7, Kid`s playground, Basketball court.

    – Price for you 1,774,000.00

    Please if you or your associates interested in acquisition of this investment contact me via

    e-mail: sergeykslv@gmail.com

    or please call: 026476223, 09639267123997. Ask for Eloisa.

    Looking forward to have business with you!

    God bless!

    Sergey Kiselev.



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