Home » Foreclosed Properties » RCBC Savings Bank Dream Buys Auction of repossessed houses on September 26, 2009

RCBC Savings Bank Dream Buys Auction of repossessed houses on September 26, 2009

This auction announcement of RCBC Savings Bank repossessed houses fell through the cracks, so to speak. I thought my recent post about the public sealed bidding for PNB and Allied Bank acquired assets was the last one but it turns out that there was one more public auction announcement that I have not yet posted and this is it. Again, I apologize for not posting this earlier. Take note that the auction is to be held tomorrow already, September 26, 2009, at 9:00 AM.

The RCBC Savings Bank Dream Buys Auction shall be held at the Development Academy of the Philippines (DAP) Building, San Miguel Avenue, Pasig City, Philippines.

As usual, the minimum down payment required to buy a repossessed house in this public auction is just 20% and up to a maximum of 10 years financing term is available with an annual interest rate of 12%. Show money is Php25,000 in cash or MC per property.

RCBC Savings Bank Dream Buys Auctions are usually held once a month (although I noticed they did not have one last August) and unsold foreclosed properties are discounted by 5% on the next months auction. Don’t take my word for it though, you may checkout the previous auction’s listing and do the comparisons for foreclosed properties that remained unsold.


Click here to download the complete listing of RCBC Savings Bank repossessed houses included in their Dream Buys Auction on September 26, 2009 or just click on the image above. Don’t forget to read the fine print at the bottom of the auction announcement.

I think I may just have to get a virtual assistant to help me with posting similar auction announcements  just to ensure that they are posted without delay. I guess that would also help me focus more on writing about my advocacy which is to help as many people as I can to learn about financial literacy, which I believe is a prerequisite to financial freedom, which can be achieved using real estate investing, with focus on foreclosed properties as the investment vehicle… more to come!

Happy hunting!


To our financial freedom!

Jay Castillo
Real Estate Investor
Real Estate Broker License #: 20056
Blog: https://www.foreclosurephilippines.com
Social Network: http://foreclosurephilippines.ning.com
Mobile: +639178843882
E-mail: ph.investor [at] gmail [dot] com

Text by Jay Castillo. Copyright © 2009 All rights reserved.

P.S. – If you are a new visitor, please start here to learn more about foreclosure investing in the Philippines.

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About Jay Castillo
People encounter problems and make mistakes when buying foreclosed properties, and Jay wants to help people avoid those problems/ mistakes. Jay encountered a lot of those, which is why he started this blog in 2008 to serve as a guide where he shares lessons learned, and how to overcome challenges you may encounter when investing foreclosed properties in the Philippines … [Read more]
Avoid losing money, wasted time and effort caused by buying foreclosed properties that have too many problems, with our free 60-item Property Due Diligence Checklist. Grab your free copy now.

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4 thoughts on “RCBC Savings Bank Dream Buys Auction of repossessed houses on September 26, 2009”

  1. Sir, may mga available ba kau na house and lot na for sale sa sampaguita subv katabi ng saint joseph sa trece martires? if meron magkano po ang pinaka mura… 



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