RCBC Savings Bank’s Asset Management and Remedial Group will be conducting another public auction of foreclosed properties on October 26, 2013, Saturday, 9:00am, at Max’s Restaurant, G/F Star Mall, EDSA corner Shaw Boulevard, Mandaluyong City, Philippines.
Interested bidders are advised to come early not just to have enough time to register, but also to have time for us to give you an overview of what to expect during the auction. Let us know if you are coming so we can reserve the best seats for you at the venue.
This month’s auction includes foreclosed properties from the Luzon and Metro Manila areas, with a few properties from Misamis Oriental and Negros Occidental.
View the complete listing
To view the complete listing and pictures of foreclosed properties for sale through public auction on October 26, 2013, please visit the following link to our database.
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RCBC Foreclosed Properties for sale (online database)
189 out of the 255 foreclosed properties listed have pictures just like those on the print-screen below:
To access a downloadable listing in PDF format, please use the link below:
Disclosure and disclaimer
PRICES SUBJECT TO CHANGE WITHOUT PRIOR NOTICE.
Misprints should not be construed as misrepresentation of the property.
The bank reserves the right to withdraw any property for whatever reason.
All transactions are subject to bank approval.
Hello po Sir Jay! Ask ko lang po kung may nahanap na po kau na foreclosed house and lot property sa Agoo, La Union? Thanks and more power to your site!
Hello Jay,
I filled out a buyer’s inquiry form for one of the batangas properties for auction by rcbc. Actually, I filled up before, I got response, just acknowledgement to say someone will contact me. but nothing followed.
Hi Gina,
We apologize for the lack of response. We have been getting a lot of negative feedback from people who inquire and get a response very late or none at all. We are going to meet with our broker partner to address these issues. We appreciate your feedback as we need this to ensure that all inquiries are being answered by our broker partner in a timely and professional manner. I will be releasing an announcement about this very soon.
Thanks again and I’m really sorry for the inconvenience caused. In the meantime, my wife Cherry and I are doing what we can to address the inquiries that have reached us, just like yours. We’ll get back to you as soon as possible. By the way, I can assume you won’t be attending the auction on Saturday due to lack of time for due diligence right?
Jay,
I’m a newbie. Interested ako to buy auction and foreclosure properties. However, I am afraid of the unknowns. I worked hard and I just don’t want to lose my shirt. Is there any sites you can refer me to so that I know the do’s and don’t, pitfalls, surprises, etc. How do I know it is a safe buy or not? How do you know if it is good buy? What are things I need to watch out for or avoid. Your guidance will be much appreciated. Thanks!
Hi Luz,
We have a lot of articles that cover risks and doing due diligence so you’ll know if it’s a safe buy or not. Here are a few to get you started:
The risks of real estate investing and how to manage them: https://www.foreclosurephilippines.com/2011/03/the-risks-of-real-estate-investing-and-how-to-manage-them.html
31 Questions you need to ask when inquiring about a foreclosed property: https://www.foreclosurephilippines.com/2009/03/31-questions-you-need-to-ask-when.html
Top 5 Things to Consider when Buying Foreclosures: https://www.foreclosurephilippines.com/2009/01/five-things-to-consider-when-buying.html
4 Steps To Quickly Analyze And Short-list Foreclosed Properties: https://www.foreclosurephilippines.com/2009/05/4-steps-to-quickly-analyze-and-short.html
What To Expect When Buying Foreclosed Properties: https://www.foreclosurephilippines.com/2009/03/what-to-expect-when-buying-foreclosed.html
You can also view a list of all our past articles at our “Start Here” page: https://www.foreclosurephilippines.com/start-here
Good luck!
Thanks Jay. Appreciate this very much.
You’re welcome! 🙂
Albert here,
Jay pwede bang 10% installment for six months, then ung 90% balance payable in cash on the 7th month without interest? Thanks.
Hi Albert,
During the auction, the bidding terms will have to be followed. For the terms that you want, it is possible but we can only negotiate for this after the auction (if the property remains unsold after the auction, the bank is open to negotiation). However, 6-months to pay for the 10% DP might ba hard to get approved but we can try, nothing to lose, especially since you intend to payoff the 90% balance in full afterwards. If you want we can discuss further offline. Thanks!