11,551 Foreclosed Properties from Bank of Commerce included in 1st Quarter 2019 Pricelists

Last Updated on by Editorial Staff | Filed under: - 10 Comments

A total of 11,551 foreclosed properties from Bank of Commerce are available for sale in their latest pricelists for the 1st Quarter of 2019. These include real estate from Metro Manila, Luzon, Visayas, and Mindanao areas. It also has a big list of memorial lots in provincial areas. Details below.


Please take note of properties with no price (for re-appraisal), “special concerns”

Please take note that quite a number of properties have no price because they are “For re-appraisal”, and appear to have a price of zero in our database.

In addition to this, you should also be aware that there are properties that have “special concerns” like illegal occupants (bank has no possession), pending court cases, and a few that are still within redemption period (former owners can still get them back by redeeming the properties).

These properties can be easily filtered out when searching through our database, more on this below.

Search directly here

Search by typing keyword(s) and/or location(s) and click “Search” using the search form below.

Tip: Include keyword “bankcom” to only include Bank of Commerce foreclosed properties in search results (Don’t include to show foreclosed properties from other banks/entities that are currently inside the database).

Use “Advanced Search” to exclude properties that have issues (*no possession, **with pending case, and ***under redemption – all can be filtered out by excluding occupied properties), and also those that have no price and are for re-appraisal.

You may also use the following quick links:

==> Click here to view all foreclosed properties from Bank of Commerce

==> Click here to exclude all properties that have zero prices and are for re-appraisal

==> Click here to exclude all properties that have issues (those that are illegally occupied/have pending court cases)

Alternately, direct links to property groups like Metro Manila, Luzon, Visayas, Mindanao, and provincial memorial lots, can be seen below.

As always, you can also download these listings in PDF format if you prefer.


View / download the listings of Bank of Commerce Foreclosed Properties

Last updated on February 19, 2019

Listing DetailsNumber of Foreclosed Properties
Note: This list supersedes all listings from Bank of Commerce that we have shared in the past here at ForeclosurePhilippines.com

Foreclosed properties in Metro Manila


Note: Includes properties for re-appraisal that have no posted price.


410

Foreclosed properties in Luzon


Note: Includes properties for re-appraisal that have no posted price.


1,582

Foreclosed properties in the Visayas Region


Note: Includes properties for re-appraisal that have no posted price.


708

Foreclosed properties in Mindanao


Note: Includes properties for re-appraisal that have no posted price.


196

Memorial lots in provincial areas




8,655
Total11,551

Note: You will need Adobe Acrobat Reader to view PDF files, which is free to download at Adobe.com

Listing details and important reminders

The foreclosed properties from Bank of Commerce are for negotiated sale, no need to go through a public auction.

This means that interested parties only need to submit their offers. There will only be a bidding if a property receives multiple offers. More details can be found in their reminders below.

IMPORTANT REMINDERS:

1) All sales on “AS-IS, WHERE-IS” and “NO RECOURSE” bases. No warranties.

2) Prices NOT applicable to buybacks by former owners. Please contact Acquired Assets Management Department for buyback price.

3) Properties & prices subject to change anytime & may be removed from the list for any reason Top Management deems appropriate.

4) The list may reflect properties sold without the knowledge of AAMD. For immediate correction, kindly advise AAMD of such fact if identified.

5) If multiple offers are received for the same property, a bidding shall be conducted and the property shall be awarded to the highest bidder.

6) Mere submission of an Offer to Purchase does not confer “first option” or “first right” to the offeror.

7) The deficiencies stated herein are not meant to be exhaustive, comprehensive or complete. Buyers are advised to conduct their own due diligence prior to making an offer.

8) The Bank only shoulders Creditable Withholding Tax up to purchase price. Excess CWT are for buyer’s account.

9) This list is an intellectual property of Bank of Commerce. However, Bank of Commerce is not in anyway liable if this shall be copied, reproduced, altered and/or tampered for any activities other than the purpose of marketing properties contained in it.

10) No application fee is required.

11) Bid Offer should be labeled as “Bids and Awards Committee – Bank Property Bid” and be addressed to:

Bids and Awards Committee Secretariat
Finance and Controllership Group
12th floor SMPC Bldg., Ortigas Center
c/o Maritess C. Claveria

I would like to emphasize what was mentioned in the reminder that the list might contain properties that are already sold since the list is updated quarterly, and these foreclosed properties are offered to the public through various channels.

So if you are interested in any property, you should first check the availability with the bank to avoid wasting time.


How to inquire

For inquiries, please refer to contact details below, depending on the location of your target properties:

Metro Manila

For inquiries, Please call:
Trunkline: 982-6000

  • KATHERINE R. MANALANG – LOCAL 6372
  • GEDETTE L. DE TAZA – LOCAL 6373

Luzon

For inquiries, Please call:
Trunkline: 982-6000

  • ANNA PATRICIA R. LEON – LOCAL 6374
  • JESSIE T. SALOMEO – LOCAL 6375

Visayas / Mindanao / Memorial lots

For inquiries, Please call:
Trunkline: 982-6000

  • KATHERINE R. MANALANG – LOCAL 6372
  • MEL C. ADORA – LOCAL 6147

Source: Bank of Commerce website

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Happy hunting!



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