UnionBank foreclosed properties from the Visayas and Mindanao areas will be up for grabs on their 194th Special Public Auction which will be held simultaneously on December 8, 2012, Saturday, 9:00am, at the following venues:
- Cebu City: Cebu Country Club
- Bacolod City: Business Inn, Lacson Street
- Cagayan De Oro City: The VIP Hotel, Don Apolinar Velez Street
Interested bidders only need to bring Php20,000 show money in the form of cash or manager’s check to qualify to bid, per property.
Payment terms
For installment sales, Unionbank offers the following payment 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 |
Note: Unionbank offers 5% discount for cash sales
Download the complete list of foreclosed properties for sale
To download the list of foreclosed properties from the Visayas and Mindanao areas included in UnionBank’s 191st public auction on December 8, 2012, just click on the image below…
A PDF version is also available through the following link:
How to inquire
To know more about the foreclosed properties for sale, please contact UnionBank Asset Recovery Group 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 |
Why Trust ForeclosurePhilippines.com?
At ForeclosurePhilippines.com, our articles are carefully written by a team of real people (my wife and I). Unlike other copycat real estate blogs/websites, we are genuine real estate practitioners and we do the actual writing - you won't find any AI slop and hallucinations here!
We have real-life experience with buying/selling foreclosed properties, we even live in a foreclosed condo we purchased from a bank.
Listings of foreclosed properties are only from official sources (bank personnel and/or public facing official websites) which I also include so you can quickly verify. If a listing cannot be be quickly verified (ex. Pag-IBIG listings are currently very difficult to verify because their website has limited functionality), we will NOT include them here.
That way, we can be confident we’re sharing the best information to our readers and subscribers. See our About Us page for more details.
~Jay Castillo
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
Happy hunting!
~~~
To our success and financial freedom!
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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: Nothing to disclose. We cannot entertain inquiries for VISMIN properties at the moment so interested bidders are advised to contact Unionbank directly.
Hi Jay! Im an ofw in singapore . I’m a newbie and i’m studying real estate investing.
I have a question regarding union bank Term: 15 years (maximum) thru in-house guaranteed financing.
Is this like a mortgage where it needs a lot of requirements or this is the contract-to-sell?
Im right now finding things about financing when i purchase on auction as i will be jobless and will not be qualified to apply mortgages if i return to the philippines for good.
Hi Ray,
For Unionbank, they use a contract-to-sell, no need to qualify for a loan. You just need to submit post-dated checks.
Thanks for the question!