BE A WISE REAL ESTATE INVESTOR
Home » Foreclosed Properties » 502 UnionBank Foreclosed Properties in September 9, 2022 Sealed Bidding

502 UnionBank Foreclosed Properties in September 9, 2022 Sealed Bidding

A total of 502 UnionBank foreclosed properties from Metro Manila, Luzon, Visayas, and Mindanao, are included in a public sealed bidding to be conducted by the Unionbank Asset Recovery Group. Details below.

The deadline for submission of bids is on September 9, 2022, Friday, 5pm.

Sorry for the short-notice, this listing/schedule was only published on UnionBank’s website sometime yesterday, September 6, 2022, after 10am (I’m sure of this because this was the last time I checked their website and it was still not updated).

~Jay Castillo~

Download Unionbank foreclosed properties list for sealed bidding

Here’s a copy of the listing in PDF format:

==> Download Unionbank Foreclosed Properties List (PDF)

Note: You will need Adobe Acrobat Reader to view PDF files, which is free to download at Adobe.com

Source: Unionbank Website

Search our foreclosed properties database…

Wait, there’s more! You can also search from over 20,000 foreclosed properties in our database that includes multiple banks and lending institutions that have foreclosed properties for sale. Quickly search using the link below:

==> Click for foreclosed properties database

All locations with foreclosed properties by Province/City

You can also browse all locations within the Philippines with foreclosed properties available from ALL banks/lending institutions inside our database, grouped by Province/ City, on this page:

==> Click to browse all foreclosed property locations

Note: The “Foreclosed Properties Database” is a work in progress. If you have comments/ suggestions, please do let me know by leaving a comment below.

Union Bank requires credit checking + other reminders

Just wanted to remind everyone of the “fine print”, as seen on the slide below, which I got during an event hosted by Union Bank for accredited real estate brokers.

Reminders when buying Unionbank foreclosed properties
  1. Union Bank requires credit checking for all buyers of foreclosed properties.
  2. All taxes and expenses related to the sale will be for the buyer’s account. These include but are not limited to:

Payment terms: Cash basis only?

It appears the only payment term available for this sealed bidding is cash basis only because it is the only mode of payment inside the bidding rules. See Bidding Rules and Regulations for more details.

The good news is, cash buyers will get a 5% discount as indicated in the bidding rules (see below for more details).

Contact Info for UNIONBANK ASSET RECOVERY GROUP

For more info, please call UnionBank DIRECTLY through the following:

  • JP: 09178241494
  • ELA: (027)968-0971 / 09178567698
  • GAB: 09178232188
  • MAE: 09951649727
  • MASHA: 09693029260

By the way, if you plan to call Unionbank, please do so during office hours: 08:30 am to 05:30 pm (Monday to Friday).

You may also contact them via:

Sealed Bidding Details and Important reminders

  • Deadline for submission of bids: September 9, 2022 (Friday, 5:00 PM)
  • How to submit bids: Submit online via email: ARGsales@unionbankph.com

“PLEASE SUBMIT YOUR ACCOMPLISHED BIDDING FORMS, BIDDING RULES, AND VALIDATED DEPOSIT SLIP VIA EMAIL: ARGSALES@UNIONBANKPH.COM NOT LATER THAN September 9, 2022 (Friday, 5:00 PM).

———

JUST DEPOSIT THE P20,000.00 SHOW MONEY AT ANY NEAREST UNIONBANK BRANCH TO QUALIFY TO BID FOR EACH PROPERTY.

CWT IS FOR THE ACCOUNT OF THE BUYER.

  • ACCOUNT NUMBER: 1906322505001144
  • ACCOUNT NAME: UNIONBANK OF THE PHILIPPINES

Please refer to Bidding Rules and Regulations below for more info.

What to include when submitting sealed bids

The sealed bid must contain the following:

  1. Signed Bid Form
  2. Signed Bidding Rules + all listed requirements (see Annex A of Bidding Rules and Regulations)
  3. Validated deposit slip for the Php20,000 show money

For more info, please refer to the Bidding Rules and Regulations.

UnionBank Bidding Rules, Guidelines, Requirements

Here’s a copy of the bidding rules and guidelines, plus other related forms for quick reference (these are direct links to the files on UNIONBANK’s WEBSITE):

If you have questions, you may contact UnionBank directly.

Reminders

1 ) UnionBank may, at anytime, withdraw any of the properties listed above prior to auction.

2 ) Office Hours: 08:30 am to 05:30 pm (Monday to Friday).

3 ) Payment of Creditable Withholding Tax (CWT) is for the Buyer’s account.

4 ) All winning bidders will be subject to credit checking.

5 ) LA – Lot Area

6 ) FA – Floor Area

“MISPRINTS ARE NOT MISREPRESENTATION OF ANY PROPERTY.

Source: UnionBank Website

Full disclosure

Nothing to disclose. While we are accredited licensed real estate brokers with Unionbank, we have stopped brokering foreclosed properties at the moment, so please contact Unionbank directly to inquire. We are sharing this as a public service announcement to all our readers and subscribers. Thank you for understanding!

Happy hunting!

Photo of author
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]
FREE CHECKLIST: IDENTIFY AND AVOID PROBLEMATIC FORECLOSED PROPERTIES BY DOING PROPER DUE DILIGENCE!
Avoid losing money, wasted time and effort caused by buying foreclosed properties that have too many problems, with our free 60-item Property Due Diligence Checklist. Grab your free copy now.
Share

Did you miss buying a foreclosed property because it was too late when you saw the listing/ auction schedule?

Here's the solution...

DON'T BE THE LAST TO KNOW!

GET UPDATES FOR FORECLOSED PROPERTIES VIA EMAIL

Join over 100,000 smart real estate investors who receive

updated foreclosed property listings, auction schedules,

and real estate investing tips via email, it's free!

No thanks / Already subscribed
x
We take privacy seriously and we'll never spam you.
Please refer to our Privacy Policy

X
I'm looking for foreclosed properties in...


Looking for an article?
Click here to search the blog
Share