A total of 138 UnionBank foreclosed properties in Luzon and Metro Manila are included in their 272nd Special Public Auction, which shall be held this coming Saturday, October 21, 2017. There are also an additional 137 that are not included in the auction, for a total of 275 properties from Unionbank. More details below.
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- 1 Unionbank now requires credit checking
- 2 Luzon and Metro Manila – October 21, 2017 auction
- 3 Unionbank foreclosed properties for negotiated sale (with pictures)
- 4 Auction terms
- 5 Show money
- 6 Sample computation
- 7 How to inquire
- 8 The “fine print”
I was finally able to upload this in our foreclosed real estate database, and I even included pictures for those that had one available.
Unionbank now requires credit checking
Just wanted to remind everyone that Unionbank now requires credit checking for all winning bidders, as stated in the fine print.
Luzon and Metro Manila – October 21, 2017 auction
The 272nd special public auction of UnionBank foreclosed properties located in Metro Manila and Luzon will be held on October 21, 2017, Saturday, 9:00am.
Venue shall be the Sky Lounge, 47th floor, Unionbank Plaza, Meralco Avenue corner Onyx Road, Ortigas Center, Pasig City, Philippines.
View database of Unionbank foreclosed properties
The complete list is of UnionBank foreclosed properties can be viewed through the button/link below.
Pictures are included for most of the foreclosed properties from Unionbank.
Download list of foreclosed properties
The complete list is of UnionBank foreclosed properties can also be downloaded below.
Note: You will need Adobe Acrobat Reader to view PDF files, which is free to download at Adobe.com
Unionbank foreclosed properties for negotiated sale (with pictures)
I noticed that there were quite a number of Unionbank foreclosed properties on their website that were NOT included in the above auction (137 to be exact), and I am sharing them below. All of these have pictures included. This list is updated as of October 17, 2017.
You may view all Unionbank foreclosed properties for negotiated sale through the button/link below.
Source: Unionbank official website
UnionBank still offers very affordable payment terms as follows:
- Installment terms are as follows:
|Downpayment:||10% (minimum) 6 months to pay at zero-interest|
|Interest:||11% per annum (fixed for 15 years)|
|Term:||15 years (maximum)|
Bidders need to bring Php20,000 show money in the form of cash or manager’s checks (MC) per property to participate in the auction.
Show money is refundable if you don’t win with your bid (or if you don’t bid at all).
SELLING PRICE (SP)= Php1,000,000.00
TERM: 15 years
DOWN PAYMENT (DP) = 10% of SP = Php100,000
Down payment (6 months to pay)
Down payment per month:
- 1st month: Php16,666.67
- 2nd month: Php16,666.67
- 3rd month: Php16,666.67
- 4th month: Php16,666.67
- 5th month: Php16,666.67
- 6th month: Php16,666.67
Monthly amortization = (SP – DP) x Amortization Factor Rate
=(Php1,000,000 – Php100,000) x 0.0113659693*
*note: amortization factor rate used is for 11% interest rate at 15 year term (click here to view amortization factor rate table)
You may also use our mortgage calculator to compute for the monthly amortizations.
How to inquire
For prompt assistance when inquiring about any of the foreclosed properties on the list, please call UnionBank directly through the contact numbers in the flyers/listings which you can download above.
*Note: Please call during office hours: 8:30am to 5:30pm (Monday to Friday)
The “fine print”
Text by Jay Castillo and Cherry Castillo. Copyright © 2008 – 2017 All rights reserved.
Full disclosure: Nothing to disclose, we will not be able to attend these auctions.