RCBC Amazing Buys properties and RCBC Savings Bank Dream Buys properties will be auctioned off in the upcoming Mega Property Auction which will be on September 11, 2010, Saturday, 9:30am, at the Podium 4 Lobby, RCBC Plaza, Ayala Avenue corner Buendia Avenue, Makati City, Philippines.
The RCBC/RCBC Savings Bank foreclosed properties or acquired assets included in the Mega Property Auction are from Metro Manila, North and South Luzon.
Mega Property Auction Details
Properties can be purchased for as low as 10% downpayment, with the balance payable in 10 years, at a fixed interest rate. Not bad if you ask me, I already got used to past auctions from RCBC where 20% downpayment was the minimum required and interest rates are fixed only for the first 5 years.
Anyway, better call them up directly to confirm what interest rate they will give as this was not included in their auction announcement.
Only Php25,000.00 show money per property in the form of cash or manager’s check is required to participate in this public auction of foreclosed properties.
Complete listing of foreclosed properties for sale
>>>Click here to download the list of foreclosed properties for sale in PDF format or click on the image below to download a copy in JPG format
Source: RCBC Savings Bank
For details please call:
RCBC
- Jeng 878·3436
- Ging 894·9908
- Elma 894·9000 loc. 2233
CBRE
- Mark 09178634248
- Calvin 09175743058
- Gina 09178606612
- Hotlines: 752·2592/759·2335/409·2225/409·2336/752·2580
RCBC Savings Bank
Red/Alex/Jerome
- 687-0839
- 638-5032
Checkout their websites
- www.rcbc.com
- www.cbre.com
- www.rcbcsavings.com
The fine print
“All properties are sold on AS-IS-WHERE-IS basis. Properties and prices are subject to change without prior notice. The bank reserves the right to withdraw any property before the auction. Inadvertent misprints shall not alter the property’s factual condition nor shall they be deemed as misrepresentation of the property.”
*Looking for another listing? Click here to view all listings from RCBC, or click here to view all listings from RCBC Savings Bank.
Happy investing!
To our success and financial freedom!
Jay Castillo
Real Estate Investor
Real Estate Broker License #: 20056
Blog: https://www.foreclosurephilippines.com
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Text by Jay Castillo and Cherry Castillo. Copyright © 2010 All rights reserved.
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I am interested on Quezon City properties. Pls send me details like exact location(map), pictures, terms of payment and requirements
I would advise real estate investors who intend to participate/bid for a foreclosed property to work with a license real estate broker. You have more to gain. Your broker can help you in determining the best offer that you could give to a certain property, he can also check on the title/ownership aspect, he can assist in the transfer of ownership etc., and the good thing is, the seller normally pays for the professional fees of the broker.
In this case, only duly accredited brokers by the bank are allowed to work with interested buyers.
Buying property in an auction, I don’t think it would be a right decision because if a property is auctioned then there can be two reasons for this:
1. Either the property is not selling or
2. The owner wants to get more money by auctioning it
Smartvestors Realty
Ty for the tip Pijiong. I had a disappointing experience with PNB last June re: a foreclosed Makati property. I submitted full requirements + 30% DP on my proposed bid amt. One other buyer had submitted ahead by 2 wks but wasn’t able to complete reqts when I submitted. Then I got a letter from PNB 2 wks after, saying management decided not to sell the property anymore. Some friends said that someone from inside got wind of the property and could’ve blocked my submission so they can acquire it for themselves.
Can anyone enlighten me if this is really how they operate?
oks dito sa RCBC, di kataasan ang rate at madali pa kausap.
di pa ako nakasali sa auction nila, sa bank ako usually nakikipag-usap. dati nga 20% DP, pero kapag 25% DP binigay ililipat kaagad
nila yung name sa buyer.