A public auction of foreclosed properties will be conducted by RCBC Savings Bank in their latest Dream Buys Auction which shall be held on December 5, 2009, 9:00AM, at the Development Academy of the Philippines (DAP) Building, San Miguel Avenue, Pasig City, Philippines.
Foreclosed properties can be acquired for as little as 20% downpayment, with a maximum of 10 years financing term for the balance, at an annual interest rate of 12% fixed for the first 5 years. At these payment terms, a buyer will only have to pay Php1,435.00 per month for every Php100,000.00 amount financed. Lets say your winning bid for a foreclosed property was Php1M, your monthly amortization will be Php14,350.00.
Foreclosed properties included in the auction are from the following areas:
- Las Pinas
- Quezon City
- Antipolo City
- Nueva Ecija
- Quezon Province
(Source: Manila Bulletin, November 22, 2009 issue, Page G-3)
For other inquiries, please call 638-5032 or 687-0839.
Red – (0908) 885 4803
South Properties: Alex – (0918) 951 1811
North Properties: Jerome (0918) 990 3744
The fine print
All transactions are subject to bank approval. Properties, rates, and prices are subject to change without prior notice. The bank reserves the right to withdraw any property for whatever reason. Show money Php25,000 cash or MC per property. All properties are on an “as is, where is” basis. Misprints should not be construed as misrepresentation of the property.
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Text by Jay Castillo. Copyright © 2009 All rights reserved.
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