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

Last Updated on November 19, 2015 by Jay Castillo | Filed under: - 2 Comments

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)
LANCE637-1445 or 667-6388 local 8362
ERIQ638-1445 or 667-6388 local 8373
DORIS638-0125 or 667-6388 local 8358
RAP667-6388 local 8364
RONALD637-1445 or 667-6388 local 8372
GEL667-6388 local 8374
JENNY637-1441 / 667-6388 local 8376
MARLON667-6388 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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