Unionbank shall be having another special public auction of foreclosed properties on March 28, 2009, Saturday, 9:00am, at the Delas Alas Room, 2nd floor, Philippine Columbian Sports Club, Plaza Dilao, Paco, Manila, Philippines.
This is Unionbank’s third public auction of bank acquired assets for 2009.
If you would check Unionbank’s website in my previous post that contains a directory of Philippine banks that have their list of foreclosures online, you will notice that it is still under maintenance. It’s good that they have come out with this ad instead.
Properties included in the auction are from Pasig, Laguna, Taguig, Cavite, Tagaytay, Batangas, Makati, Quezon City, Rizal, Caloocan, Manila, Sanjuan, Mandaluyong, Las Pinas, Paranaque, Pasay, Antipolo, Bulacan, Tanay, and Nueva Ecija.
Payment terms are hard to beat as only 10% down payment is required and payment terms can be as long as 15 years, with interest rates at 13% per annum fixed for the first 3 years, and 15% per annum fixed for the next 12 years.
Personally, I might forego attending this public auction as I still have my hands full with my recent acquisition of a foreclosed property from RCBC.
FREE CHECKLIST: IDENTIFY AND AVOID PROBLEMATIC FORECLOSED PROPERTIES BY DOING PROPER DUE DILIGENCE!