Barely a week has passed since I published their post-auction listing, and here comes the announcement for the 215th UnionBank foreclosed properties auction. This month’s auction will be held on March 22, 2014, 9:00am, at the 28th Floor, UnionBank Plaza, Meralco Avenue corner Onyx Road, Ortigas Center, Pasig City Philippines.
This is for properties from Metro Manila, Luzon, plus the brand new House and lots at Amalfi, The Islands, Dasmarinas Cavite.
If you are looking for the latest Visayas and Mindanao auction listing, I will feature this next (this is the 214th auction).
As usual, interested bidders are reminded to come early to have enough time to register and fill-out all required forms.
If you are bidding, just make sure you have already done your due diligence prior to the auction.
Previously listed properties at reduced prices and “New Items”
I noticed this listing includes quite a number of properties at reduced prices, and “New Items”. The properties at reduced prices are probably those that were not sold during past auctions, and they might be worth a second look because of the price reduction.
Download the complete listing and other details
To download the complete listing and other details like payment terms, minimum downpayment required, interest rates, etc., just visit the following page:
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UnionBank Foreclosed Properties Auctions and Listings (Metro Manila/Luzon/Amalfi)
Happy hunting!
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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 – 2014 All rights reserved.
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Hi Sir Jay,
Also, when are you going to pay the tax declaration when you won the auction? and also the HOA dues, are you going to start paying it even if you haven’t occupy the house?
Hi Sir,
I just want to thank you for all the help and your website. I am one of the winners in the recent Unionbank Auction held last March 22, 2014. You website, gave me a lot of knowledge in aquiring this property and coming this May, I will be moving to my new home. Thank you again and keep it up.!! Kudos to everyone in foreclosurephilippines.com
Hi Sir Jay,
Also, when are you going to pay the tax declaration when you won the auction? and also the HOA dues, are you going to start paying it even if you haven’t occupy the house?
Sir Jay,
Can you help me with the above questions? Thank you.
Hi Sir,
Is it still possible to lower the price of the winning bid, kung ikaw na ang nanalo? When pwede matirhan yung house mo? after the full DP ba?
Hi Joel, once you win on a bid, that is considered as the final selling price. They will not allow lowering the price after the winning bid is awarded during an auction. You can only negotiate for a lower price when submitting an offer after the auction.
You can occupy the property after full payment of the 10% downpayment.
Sir Jay
Student po ako ,pwd po ba akong pumunta sa real estate auction na yan bilang observer?
Gusto ko po kasing maging real estate investor ,alam nio na po para malaman ko na yung kalakaran sa real estate.
Salamat po! 🙂
Hi Mark, sorry for the late reply, yes, pwede nman, basta may kasama ka na bidder or broker, or magpaalam ka sa bank na a-attend ka as an observer.
Hello Jay!
If an accredited broker successfully sells a foreclosed listing, will the bank help with the documentation/paperwork?
Thanks!
Hi Argel, for UnionBank, they handle all documentation. For Buena Mano, the broker will have to transfer the title and tax declaration. It really depends on the bank. By the way, if you (and Driven) plan to focus on foreclosed properties, let’s meet and discuss if you want to work together. We terminated our last exclusive broker partnership which means we are free to do business with others. 🙂
Awesome, thanks Jay! Okay, I’ll let them know 🙂