Metro Manila and Luzon foreclosed properties up for grabs in RCBC’s Mega Property Auction

The second Mega Property Auction featuring foreclosed properties from Metro Manila and Luzon happens on April 24, 2010, Saturday, 9:30AM, at the Podium 4 Lobby, RCBC Plaza, Ayala Avenue corner Buendia Avenue, Makati City, Philippines.

The Mega property Auction is a joint auction that combines foreclosed properties from RCBC and RCBC Savings Bank.

Bid Terms

Foreclosed properties can be purchased for as low as 10% downpayment, with the balance payable in 10 years, with fixed interest rates. Nice!

Only Php25,000 show money per property is required, and can be in the form of cash or manager’s checks.

Click here to download the complete listing of foreclosed properties in the RCBC Mega Property Auction on April 24, 2010 or just click on the thumbnail below:

RCBC-SAVINGS-BANK-MEGA-AUCTION-APRIL-24-2010-PHILIPPINE-STAR-B5-APRIL-8-2010Source: Philippine Star, April 8, 2010 edition, page B-5

For details, please call the following directly




What to do next?

Don’t know where to start? Getting listings of  foreclosed properties is one thing, but finding good deals is a completely different thing.  We must still find opportunities in listings of foreclosed properties like this one from RCBC. Checkout this article on how you can do this: How to turn listings of foreclosed properties into opportunities

Happy hunting!

To our financial freedom!

Jay Castillo

Real Estate Investor
Real Estate Broker License #: 20056
Click here to contact me via E-mail
Mobile phone (Call/SMS): +639178843882
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Text by Jay Castillo. Copyright © 2010 All rights reserved.

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5 thoughts on “Metro Manila and Luzon foreclosed properties up for grabs in RCBC’s Mega Property Auction”

  1. Philippine Real Estates

    @DJ, yeah it is similar to the US, its not stable yet you can see the business moving. It’s Baguio, the climate there is way colder than manila.

  2. It’s been a while since I visited Manila and Makati, but do they have a wave of foreclosures similar to what is happening in the USA? I guess the world economy is in a shambles, and it is not just in the US. One of my favorite places ever was Bagyo….what a great climate!

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