Home » RCBC Savings Bank foreclosed properties “Dream Buys Auction” slated on September 29, 2012

RCBC Savings Bank foreclosed properties “Dream Buys Auction” slated on September 29, 2012

RCBC Savings Bank foreclosed properties Dream Buys Auction on September 29, 2012

RCBC Savings Bank foreclosed properties will be up for grabs in their next Dream Buys Auction this coming September 29, 2012, Saturday, 9:00am, at the 6th floor, Development Academy of the Philippines Building, San Miguel Avenue, Pasig City, Philippines.

This Dream Buys Auction will include foreclosed properties from the Luzon and Metro Manila areas, although I also saw some foreclosed properties from Davao on the list.

Note: This time around, my wife and I shall be available to serve you as your duly licensed real estate brokers for the auction and afterwards. More details below.

Bid terms

Show money (this is refundable in case you don’t win on your bid)

  • Php25,000.00 in the form of cash or manager’s checks

Payment terms

  • Cash
  • Installment:
    • Minimum Downpayment for vacant lots is 10%
    • Minimum Downpayment for properties with improvements is 20%
    • Balance is payable up to 10 years at 12% fixed annual interest rate
    • Note: 25% downpayment is required to occupy a property 

Download the RCBC Savings Bank foreclosed properties listing

Properties on the list marked with an asterisk (*) which I have highlighted in yellow have special concerns (occupied/with legal impediments)

Forms for buyers:

How to inquire and get more details

To get more details about the auction and the foreclosed properties for sale, please leave a comment below and use a valid e-mail address and include your contact number (will not be published) so that we can get back to you as soon as possible. You may also send an e-mail to sales(at)foreclosurephilippines(dot)com.

By inquiring through us, you agree to recognize and acknowledge us as your real estate brokers/referrors. In exchange, we will assist you before, during, and after the auction. We offer these services at absolutely no cost to buyers.

Disclosure and disclaimer

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 auction. Inadvertent misprints shall not alter the property’s factual condition nor shall they be deemed as misrepresentation of the property.

Happy hunting!

~~~

To our success and financial freedom!

Jay Castillo

Real Estate Investor
PRC Real Estate Broker License No. 3194 
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Text by Jay Castillo and Cherry Castillo. Copyright © 2008 – 2012 All rights reserved.

Full disclosure: I am an accredited real estate broker of  RCBC Savings Bank.

PS – Don’t forget to subscribe to e-mail alerts to get notified when we publish new listings of foreclosed properties, just enter your e-mail address below.

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125 thoughts on “RCBC Savings Bank foreclosed properties “Dream Buys Auction” slated on September 29, 2012”

  1. Dear sir

    I am still interested in the townhouse in Scout Chuatoco in Obrero. Is it still available? If so, please let me know additional information.

    Blessings!\
    Gems Smiley

    1. Hi Gems, it is still available but it’s occupied. When it becomes unoccupied, I will surely feature this property here.

  2. Catherine Verdida

    Hi Jay, can you send me some options on he areas of Paranaque esp on the Betterliving nearby the airport. My budget is 1800-2.5M i badly nedd it by next year. thanks. just send it tru my email. By Feb as i come back home ill be visiting the site,,thanks

  3. Hi Jay,

    I am interested with the lots in Enclave Friendship Highway. Can you provide additional information. I’m looking at purchasing two (2) 200 sqm lots.

    Thanks!
    Dawn

  4. Hello Mr Jay:

    i am interested to having a house n lot somewhere in Binan/sta. rosa laguna side possibly near the Paseo de Sta Rosa area.

    i am looking at 3-4M prices and honestly looking at bank financing to tide me over.

    can i e-mail you privately so i can detail to you my circumstances?

    thanks

  5. Hi Sir! I’d like to inquire if the properties in Florida Villas II Longos, Malolos, Bulacan are still available? I heard news that Sysco is pursuing to re-acquire the properties from RCBC. I’m interested in purchasing a house and lot there particularly block 4 lots 23 and 24. Please advise if the information passed on to me is accurate and also, I’d like to discuss more about properties there that are still available. Thanks and hope to hear from you soon!

  6. Hi Mr. Jay Castillo. I just wanted to ask if the property in Whispering Palms Subdivision is still available? Is there an upcoming auction for this? We are interested in this property and a sure buyer. Thank you! 🙂

  7. Hi Sir,
    Are the following properties still available? Please post some pictures, thanks and God bless.

    no.490 4th street cor Rd L7
    Angeles Citicenter subd, Phase 2
    Brgy Tabun, Angeles city
    L.A 228sqm
    F.A 92 sqm

    B8 Lts 7 & 9 Camia St
    Palmera Homes Subd., Brgy Sto Domingo
    Angeles City

    Lot 208sqm
    Floor 53 sqm
    min bid 744,000

    B11 L8 Clarkia St, Palmera Homes Subd
    Sto. Domingo, Angeles City

    Lot 120sqm
    floor 75sqm
    min bid 512,000

  8. Hi sir,
    Is this property still available? can u also post some pictures of the house,please. thanks and God bless.
    no.490 4th street cor Rd L7
    Angeles Citicenter subd, Phase 2
    Brgy Tabun, Angeles city
    L.A 228sqm
    F.A 92 sqm

  9. Eva Marie Geonzon

    Hi Jay,

    Is the unit in Granwood Villas still available? We’ve been to the area supposedly to rent a unit, but the rental fee of 18k seems too high and an amount we can use for mortgage instead. Please advise and what are the payment terms.

  10. can u send me details on this property…

    prop. 22
    b8 l3 integridad st., trails of tierra subdivision santo cristo, sjdm bulacan
    la. 80sqm fa. 50sqm

    thanks

  11. Hi sir jay may i know location map of prop.171.172,175 and 176. can you send me pics. of these.thanks a lot SIR..

    1. It should be on the 3rd or 4th week of October 2012. I suggest you subscribe to our email alerts so you’ll get notified when we publish the scheduled, along with real estate investing tips, and seminars.

      1. sir jay,
        can you please help me find a house which is foreclosed by bank? What I need is along molino-paliparan road. ranging from 300k to 800k but can be installment sir.
        Any subdivision will do. Thank you and God bless.

        thanks

  12. Hi Sir Jay, Im a direct buyer but when i enter the auction site one of the broker tell me to write her name in the application form so that he will help me in processing my winning bid since Im an OFW and I dont know what to do I accept her help, I ask also how much is her professional fee and said its up to me how much i will give, I will give after all the requirement will completed. Im planning to give 10t pesos to that broker after completing all the requirement is that acceptable as a prof fee or not? I am very thankful that you have an internet website to read all the information about how to invest in real state.

    1. Hi Alex, usually the bank/seller shoulders the broker’s fees so I really can’t say if this is acceptable or not.

      You’re welcome and thank you also for the feedback, I really appreciate it!

  13. Hi Sir Jay,

    I’m interested sa Prop. 9. Can I have the details? Pwede po malaman yun condition ng house?

    Thanks in advance.

    1. Hi Gary, I was able to confirm that this house was unsold during the auction, but it already has an offer as of today. I should have the other details by tomorrow. Thanks…

        1. Hi Gary, not necessarily. The only time it can be considered sold is if payment (at least the downpayment) has been made. I checked and I was advised to make an offer just in case the first one who made an offer backs-out or does not make any payment. Do you want to make pursue this and make an offer if you find the property suitable for you?

          1. Yes sir, if I find this property suits my requirements. Does it need a lot of repair? How old is the property? May I know how much is the amount of association dues that needs to be paid?

            1. We have to do an ocular inspection to know how much repair this needs, Assoc dues is Php500 or Php600 per month. I’ll get the age of the property and other details for you asap. Thanks!

            2. Hi Gary, I’ll schedule a tripping for you with a co-broker of mine please reply to the email I will send to you directly. Thanks!

  14. Hello sir, available pa po ba yung Prop102?
    Kung meron po kayo pictures, pwede po pa-send sa email ko?
    Thanks!

          1. Pag occupied, yung buyer na ang mag take-over sa kaso at sa ejection, nag a-apply as usual ang “as-is, where-is”. Medyo mahirap at matagal ang proseso na ito. 🙁

    1. Hi Ms. Ochie, yes it is available and as mentioned through text, I’ll send you the details through e-mail once I receive them. Thanks for the inquiry!

  15. Sir Jay,

    Good day, I just want to ask how much is the professional fee of the real state broker? I won the auction last Sept. 29, 2012 since this is my first time to bid and I dont know how to process it. I ask one of the real state broker how to do the requirement. Sir can I do it by myself and what are the frist step to do? I will wait for your reply. God bless and thank you..

    1. Hi Alex, brokers do not get any payment from buyers as the seller will shoulder the professional fee, although in your case, I believe you are already considered as a direct buyer of the bank. Am I correct to say this?

  16. sir, ndi ako nakapunta nung auction sa rcbc. interesado sana ako sa lot sa florida villas marilao, meron pa po kayang available?

      1. im interested with ref# 326248 which address is b11 lot 28 with 92 sqm lot area and amounting 492,200. please let me know if it is still available. if not, kindly furnish me the list of available lots. salamat po ng marami.

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