585 Unionbank Foreclosed Properties in October 8, 2020 Sealed Bidding

Last Updated on October 5, 2020 by Jay Castillo | Filed under: - 31 Comments


A total of 585 Union Bank foreclosed properties from Metro Manila, Luzon, Visayas, and Mindanao, are included in a public sealed bidding being conducted by their Asset Recovery Group. Deadline of submission of sealed bids will be on October 8, 2020. Details below.


Reminders

Union Bank requires credit checking

Just wanted to remind everyone that Union Bank requires credit checking for all their buyers, as stated in the fine print, and also on the slide below, which I got during an event hosted by Union Bank last year.

Reminders when buying Unionbank foreclosed properties

Cash basis only

It appears the only payment term available for this sealed bidding is cash basis only, according to the bidding rules. The good news is, cash buyers will get a 5% discount. Please refer to a copy of the bidding rules for more details:

View the entire list of Unionbank foreclosed properties for sealed bidding

For easy searching and filtering, you may view the entire list in our “Classifieds Database” below:

==> Click here to view searchable list of Unionbank Foreclosed Properties (Database)

Source: Unionbank Website


Foreclosed Properties Search (FPS) – Search all foreclosed properties in the Philippines

To quickly search for ALL available foreclosed properties in your preferred location/ village/ subdivision etc., use our Foreclosed Properties Search or FPS tool below.

Step-by-step instructions:

  1. Search by typing keywords (ex. Your preferred subdivision, village, condo, etc) and/or location(s) and click “Search”. To only include properties from Unionbank, include the keyword “Unionbank”.
  2. Use “Advanced Search” to choose preferred price range, lot/floor areas (if data is available), and also to exclude those classified as occupied.
  3. If you want to view all listings regardless of the source, then don’t enter any keywords related to the property source. Example, if you want to find and compare ALL condominiums in Metro Manila, include “condo” then omit the “Unionbank” keyword when searching, and then you will find ALL condos in our database, not just those from Unionbank.

Browse 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, grouped by Province/City, on this page:

==> Click to browse all foreclosed property locations

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


Download Unionbank foreclosed properties list (PDF)

You may also view the complete list of Unionbank foreclosed properties in PDF format, below.

==> Click to 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

Sealed Bidding Details and Important reminders

  • Deadline for submission of bids: October 08, 2020 (Thursday 5:00 PM)
  • How to submit bids: Submit online via email:

CWT IS FOR THE ACCOUNT OF THE BUYER.

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

CASH OR MANAGER’S CHECK TO BE DEPOSITED TO:

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

PLEASE SUBMIT YOUR ACCOMPLISHED BIDDING FORMS, BIDDING RULES, AND VALIDATED DEPOSIT SLIP VIA EMAIL: NOT LATER THAN October 08, 2020 (Thursday 5:00 PM).


What to include when submitting sealed bids

The sealed bid must contain the ff:

  1. Signed Bid Form (click to download a copy)
  2. Signed Bidding Rules (click to download a copy)
  3. Validated deposit slip for the Php20,000 show money

For more info, please refer to the bidding guidelines below.

UnionBank Bidding Rules, Guidelines, Requirements

Here’s a copy of the bidding rules and guidelines for quick reference:

If you have questions, you may contact UnionBank directly using the contact info below.


Contact Info and reminders

For more info, please call:

  • MARLON-(027)968-1605 / 09178568198)
  • ELA-(027)968-0971 / 09178567698
  • DENIS-(027)557-1378 / 09178301580
  • MARK-(027)907-9942 / 09178565842

E-mail us at

Visit our website at www.unionbankph.com/foreclosed-announcement-downloadable

The “fine print”

1 ) UnionBank may, at anytime, withdraw any of the properties listed bove 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.

ALL PROPERTIES FOR SALE ARE ON “AS IS WHERE IS” BASIS.

~~~

Happy hunting!



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.



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