The latest RCBC Savings Bank Dream Buys Auction will be held on July 25, 2009 (Saturday), 9:00 AM, at the Development Academy of Philippines (DAP) Building, San Miguel Avenue, Pasig City, Philippines. Good news for all investors – RCBC has again reduced by another 5% the minimum bid price (MBP) for foreclosed properties that were not sold during their previous dream buys auction held last June 27, 2009.
Foreclosed properties can be purchased for as low as 20% downpayment , with the balance payable in 10 years, at an annual interest rate of 12%. To give you an idea of the monthly amortization for the properties you may want to bid on, the ad stated that for every Php100,000.00 that is to be financed, the amortization will be Php1,435.00/month. So if you are buying a property worth Php1M, your monthly amortization will be Php14,350.00.
Included in this month’s Dream Buys Auction are foreclosed properties from Paranaque, Las Pinas, Muntinlupa, Quezon City, Marikina, Antipolo, Caloocan, Cainta, Rizal, Valenzuela, Laguna, Cavite, Bulacan, Bataan, Pampanga, Tarlac, Pangasinan, Batangas, Quezon Province, and Cabanatuan.
For other inquiries, please call 638-5032 or 687-1365. For South Properties, call or text Alex at 0918-951-1811 and for North Properties, call or text Red at 0908-885-4803.
Reminders: All transactions are subject to bank approval. Properties, rates, and prices are subject tp change without prior notice. The bank reserves the right to withdraw any property for whatever reason. Show money Php25,000 in cash or manager’s check per property. All properties are on an “as is, where is” basis. Misprints should not be construed as misrepresentation of the property.
It’s just unfortunate that this auction is to be held at the same date and time as that of the Property Forum Philippines’ Subastahan Sa Festival which is happening at the 3rd Philippine Real Estate Festival at the World Trade Center in Pasay City. I have yet to decide which event to attend, although I am hoping I can attend both.
To our financial freedom!