194th Unionbank foreclosed properties auction (Visayas/Mindanao) slated on December 8, 2012

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…

194th Unionbank foreclosed properties auction (VISMIN) on December 8, 2012

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

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!

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.

2 thoughts on “194th Unionbank foreclosed properties auction (Visayas/Mindanao) slated on December 8, 2012”

  1. 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.

    1. 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!

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