UnionBank's 156th public auction of foreclosed properties slated on July 24, 2010

I just got this listing of Union Bank foreclosed properties which are scheduled for public auction on July 24, 2010, Saturday, 9:00AM, at the Delas Alas Room, 2^nd floor, Philippine Columbian Sports Club, Plaza Dilao, Paco, Manila, Philippines.

Foreclosed properties for bidding consist of residential lots, house and lots, townhouses, condominium units, residential buildings, commercial lots, industrial lots, agricultural lots, commercial space, and industrial / commercial warehouses. Credit terms, are as follows:

Downpayment:	10%
Interest:	13% p.a. fixed for the first 3 years and 15% p.a. fixed for the next 12 years
Term:	15 yrs. (maximum) thru in-house guaranteed financing

Listing of foreclosed properties

Click here to download a copy of the list of foreclosed properties included in UnionBank’s 156th public auction in PDF format. A copy in JPG format will be available shortly.

Source: http://finance.groups.yahoo.com/group/UBP_ARG_Friends/

How to join this auction of foreclosed properties form UnionBank

1. Download the listing of foreclosed properties above and then analyze the properties and create a short-list.

2. Call UnionBank directly to get more details about the foreclosed property that has made it to your shortlist and also to schedule a property inspection if warranted. Their telephone numbers can be found on the listing above.

3. Do your due diligence by checking the legal condition of the property through its Transfer of Certificate of Title(TCT) or Condominium Certificate of Title (CCT), Tax declaration, etc. It is also advisable to check for any arrears for Homeowner Association dues/Condo dues, Utilities like water and electricity, real property taxes, etc. Please refer to these set of questionswhich can also help with your due diligence.

4. Attend the auction to bid if and only if the property passed your due diligence. Just bring PhP 20,000 show money (cash or manager’s check) to qualify to bid for each property.

The fine print

Creditable Withholding Tax (CWT) is for the buyer’s account. All properties for sale are on an “AS IS WHERE IS” basis. Misprints are not misrepresentations of any property.

About UnionBank

UnionBank is a partnership among the Aboitiz Group, Insular Life and Social Security System. It started operations in 1981 and became a commercial bank by January 19, 1982. In July 1992, UnionBank was granted the license to operate as a universal bank. The bank acquired the International Corporate Bank (Interbank) in 1994. Click here to learn more.

Reminders – Please read!

For inquiries specific to any of the foreclosed properties on the list, please contact UnionBank directly through the contact numbers which can be seen on the list which can be downloaded above. I am not accredited with UnionBank so I really can’t answer questions about any of the properties on the list. I am just posting this as a public service to readers and subscribers of ForeclosurePhilippines.com

For other questions, please post them through a comment below so that others with the same questions may also benefit from the answers. Thank you.

Happy Hunting!

To our success and financial freedom!

Jay Castillo

Real Estate Investor
Real Estate Broker License #: 20056
Blog: https://www.foreclosurephilippines.com
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