We welcome 2013 with the first auction of Unionbank foreclosed properties for Luzon and Metro Manila, which will be held on January 26, 2013, Saturday, 9:00am, at the 29th Floor, UnionBank Plaza, Meralco Ave. cor. Onyx Road, Ortigas Center, Pasig City, Philippines.
Actually, there will be a second auction which will immediately follow the Luzon and Metro Manila foreclosed properties, and this is for the brand new AMALFI units located in Dasmarinas Cavite.
Interested bidders only need to bring Php20,000 show money in the form of cash or manager’s checks (MC) per property. The auction proper starts at exactly 9:00am, so bidders are reminded to come early to register!
New items
This listing of foreclosed properties from UnionBank has a number of new and interesting items, which includes two condo units at Raya Gardens Paranaque (developed by DMCI, very familiar for me because I am marketing a unit here).
The condo units have a total floor area of 120 sqm, and have a total selling price of Php4,850.000.00, which is about Php40,416.67/sqm. Please take note however that the CCT of the units are still undergoing consolidation, but they are unoccupied.
Auction terms
UnionBank still offers probably the most affordable *credit terms as follows:
| Downpayment: | 10% (minimum) 6 months to pay at zero-interest |
| Interest: | 11% per annum (fixed for 15 years) |
| Term: | 15 years (maximum) thru in-house guaranteed financing |
*Still no credit checking for residential properties!
Cash purchases will get a 5% discount (terms and conditions apply)!
Download the UnionBank foreclosed properties listing
You may download the complete list of foreclosed properties included in UnionBank’s 195th special public auction on December 15, 2012, just click on the image below…
or click on the following link:
Source: Lance Yadao and Ronald Panganiban, Union Bank of the Philippines Asset Recovery Group
How to inquire
To inquire about any of the foreclosed properties on the list, 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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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.
