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properties for sale, please leave a comment below and use a valid e-mail address and include your contact number (will not be published) so that we can get back to you as soon as possible.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 
Connect with us – Facebook | Twitter | Blog RSS | Google +

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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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]
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Leave a Comment

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

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

      Reply
  2. 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

    Reply
  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

    Reply
  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

    Reply
  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!

    Reply
  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! 🙂

    Reply
  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

    Reply
  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

    Reply
  9. 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.

    Reply
  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

    Reply
    • 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.

      Reply
      • 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

        Reply
  11. 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.

    Reply
    • 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!

      Reply
    • 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…

      Reply
        • 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?

          Reply
          • 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?

            Reply
            • 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!

              Reply
            • 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!

              Reply
  12. 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..

    Reply
    • 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?

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

    Reply
      • 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.

        Reply
  14. Hello everyone, if you are attending the auction tomorrow, kindly call/text me at 09178843882 so I can meet you at the auction venue. Please be early (8:00am) to have ample time to register and time to read the auction guidelines which they will give to bidders, prior to the auction proper at 9:00am. Of course, I will help explain anything on the auction guidelines that may need clarification.

    If you can’t make it to the auction, I’ll take note of sold/unsold properties for you. I can assist you to submit an offer after the auction for unsold properties you might be interested in.

    Reply
  15. Hi Mr. Jay. I’m interested in property 5 B7 L79 Venice St., Maia Alta Subd., Phase 1, Brgy. Dalig and property 13 No. 25 Nayong Silangan, Brgy Dalig. Could you please send me a brief information on the status of the property and their special concerns. Hope you could even text me on my number, 09461318459. Thank you so much. Your soonest response is highly appreciated.

    Reply
    • Hi sir Ray, sorry for the delayed response. Was out the whole day yesterday and today. Anyway, both of these properties are still occupied by the former owners. I will also text you. I have removed your number above for your privacy.

      Reply
  16. Hi, I am interested on prop 102.
    May I know how much is my possible amortization and if you have a picture of this property?
    Thanks!

    Reply
    • Hi Ma’am Melanie, using our mortgage calculator, @ 25% downpayment and with the balance payable for 10 years at 12% annual interest rate, the monthly amortization for Property 102 (Selling price is Php1,438,000) would be Php15,473.34/month

      Reply
  17. Hello Sir Jay,

    Im interested in prop 271 B4L11 Ragas St. Tangco Subd. Sta Ana. can you upload picture and send me detail on the property. Is there any legal imdepiment on the subject property.

    Thank you.

    Maria

    Reply
    • Hi Ms Maria, I’ll get pictures from the bank and get back to you asap. Let me check why this property has an asterisk… most probably occupied…

      Reply
      • Hi Ms. Maria, this is confirmed occupied. Unless you have experience in ejection, I would not recommend this property.

        Reply
  18. Hi, I’m interested in Prop. 195 House & Lot B7 L10 M.H. Del Pilar (Int.) Windsor Homes Burol 3, Dasmariñas L.A. 97 sqm F.A. 50 sqm Min. Bid. Price: P213,000. Do you have photo of this property or details? Thanks.

    Reply
  19. I am interested with property no. 89, 91, 92, 93, 94, and 97. All located in qc. Please send me details, location map, status of property to my email. Hope you can send by tom.morning. Thanks!

    Reply
    • Hi sir Rick, all of these properties are occupied. we are here at RSB’s office right now getting other details, and we will send to you once we secure the info. Thanks!

      Reply
        • Hi sir Rick, yes, these are all occupied by the former owners. It’s either the bank is in the process of securing the writ of possession, or they have not enforced it yet.

          Reply
    • Hi sir Michael, will check from the ones that remain available and also the inventories of other banks and get back to you. Thanks!

      Reply
  20. Sir,
    I’m interested to bid on property no. 59 in Marikina, but what is the legal impediment with that property? Can you also send me pictures of it? I will appreciate if we can communicate privately thru email.

    Thank you.

    Reply
  21. Hi, is this still available? Can u give details?
    Binabaha po ba yung property? Hows the condition of property? Do u have pictures.

    Prop. 260
    House & Lot
    Lots 4258 & 16
    SPC 22
    Agri Lot
    B4 L5 Makiling St., Country Homes, Putatan

    Thanks

    Reply
    • Hi Ma’am, yes this is still available and is included in the properties for auction this September 29. While I get more details, please see picture below. Thanks!

      Reply
        • Hi Sir Jay,

          Is this house still occupied pa? Solid pa po ba yung house? Or need na ng major repair kc baklas na mga dingding sa pader?

          Thanks,

          Janet

          Reply
          • Hi Ms. Janet, as per bank records, this property is not occupied. Based on the picture, it needs major repairs, although I haven’t inspected this property yet so I have no idea what its present condition inside is. Will try to get more info tomorrow during the auction, and if it remains unsold, I might visit this property to inspect it.

            Reply
          • Hi! It just shows the no reply email. I’ll post my email here instead 🙂 (deleted by admin) If you can email me, that’d be great. Or some other way to talk like phone is also fine

            Reply
            • Okay, will e-mail you soon. you can also email us at sales(at)foreclosurephilippines(dot)com. I deleted your email in your comment above (I can see it anyway when you enter it in the required e-mail field) so you won’t get spammed.

              Reply
  22. SIR JAY SANA MAKUHA KO YUNG SA BULACAN CARISSA UNG 108,000 LANG SANA NGA KELANGAN KO LANG TALAGA NG TIRAHAN NA MURA. ALALAYAN MO SANA AKO SIR JAY NA MAGKABAHAY SALAMAT

    Reply
    • Hi Raymond, yun ba yung nasa Lot 12, Block 19, Dama De Noche Street, Carissa Ph-3-A, Palmera Homes, Brgy. Kaypian/Sto.Cristo,Carissa Homes, San Jose Del Monte City, Bulacan? Based on the picture below, mukhang hindi siay 100% complete:

      Reply
  23. Hi!

    I’m interested in B37 L11 Kingfisher Ave., Bay Breeze Exec., Brgy Wawa, Taguic City.
    Pls send the details.

    Also, how do I compute the monthly amortization? The min. bidding price is Php1,403,000Thanks a lot!

    Reply
  24. Jay

    Do we need to attend the auction on September 29, or can I just send you the Purchased offer form. I am planning to pay cash for the TOWNHOUSE in Brgy Obrero. My rep in the Philippines already seen the vicinity of the property.

    Thank you.
    Josephine

    Reply
    • Hi Ms. Josephine, We can try but I am not 100% sure. I also sent you an e-mail, please check and let’s continue our communication offline. Thanks!

      Reply
    • Hi Jorlum, thank you for the info. I was trying to get more info from RCBC Savings Bank’s asset management group at their head office at Tektite in Ortigas last Friday afternoon and I was asked to make an e-mail which they will forward to the person(s)-in-charge of CDO properties. I hope you won’t mind that I will include you in that e-mail so you will be in the loop and I hope this get’s cleared up.

      Reply
    • Hi Jorlum,

      I just noticed that the print ad from the September 23, 2012 print edition of Manila Bulletin also had the same entry for this property. Please see below. This is the same info sent to all accredited real estate brokers of RCBC Savings bank. By the way, I have also sent you an e-mail regarding this.

      Reply
  25. Hi Jay, Would you be able to send us details regarding Prop 274? We intend to participate in the upcoming auction and we agree that you are our referrer. Thanks!
    Rosie

    Reply
    • Thank you Ma’am Rosie! I’ll get more details for the property located at Lot 3 Block 2 Pamela Homes Bryg. Cabuoan, Santa Maria, Laguna for you as requested. In the meantime, please see picture below:

      Reply
  26. Sir can you send me the list of available house and lot sa florida villas marilao and maski n ung list of lots.. taga florida din ako but presently working in saudi my sister acquire one property sa florida… I hope you can send me the list pra mpatignan ko sa tatay ko.. thanks

    Reply
  27. Hi Sir Jay, I am looking forward in attending in this event. Although I don’t actually have a property I am eyeing at the moment, this is going to be a good learning experience for me. Thanks.

    Reply
    • Hi Erivan, you can attend as an observer, see you at the auction. By the way, at the registration table, just let them know you are with me and I’ll meet you there. See you!

      Reply
  28. Hello Mr. jay Castillo,

    I am informing you that I intend to participate in the incoming auction of RCBC this coming Sept 29, 2012. I understand, the venue is at San Miguel Avenue, Pasig City.
    Yes, I agree that you are my referror.

    Is there any form to fill up?

    Thanks

    Reply
  29. i am very interested in florida villas marilao bulacan. if possible kindly furnish me a copy of it stating the details.

    thanks,
    annabelle j. cruz

    Reply
  30. kindly send me details of the following properties including photos. please. Many thanks.

    *Prop. 218 House & Lot
    No. 6 B6 L6 Adelfa St., Villa Josefina Vill.,
    Matina
    L.A. 264 sqm F.A. 239 sqm
    Min. Bid. Price: P2,816,000

    Prop. 221 House & Lot
    B2 L23 Guadaloupe St.,
    Tierra Solariega Subd., Talomo
    L.A. 226 sqm F.A. 152 sqm
    Min. Bid. Price: P3,038,000

    Reply
    • Hi Ms. Mery Ann,

      I’ll just get the details and get back to you. In the meantime, please see pictures below. Thanks for the inquiry!

      *Prop 218 – No. 6 B6 L6 Adelfa St., Villa Josefina Vill., Matina, Davao:

      Prop. 221 – B2 L23 Guadaloupe St., Tierra Solariega Subd., Talomo, Davao:

      Reply
    • Hi Ms. Mery Ann, I visited RCBC Savings Bank’s acquired assets department last Friday and just like what I said to Jorlum below, I was asked to write an e-mail to get more details for the properties in Davao and I will include you in the e-mail.

      Reply

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Tired of looking for foreclosed property listings from banks and financial institutions?

Here's the solution...

WE FIND LISTINGS OF FORECLOSED PROPERTIES SO YOU DON'T HAVE TO!

Join over 100,000 smart real estate investors who receive updated foreclosed property listings, public auction schedules, and real estate investing tips via email, it's free!

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