Unionbank Special Public Auction of Foreclosed Properties On March 28, 2009

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.

DETROIT - FEBRUARY 14: A sign announcing a com...

This is Unionbank’s third public auction of bank acquired assets for 2009.

If you want to attend and bid on a property, you just have to bring Php20,000 show money in the form of cash or manager’s check for each property you would want to bid on. Here’s a hint, it would be better to bring manager’s check for your safety and convenience. Do take note that creditable withholding tax or CWT is for the buyer’s account. You may want to refer to my previous post about CWT if you want to learn more about it. All Properties for sale are on an “AS IS WHERE IS” basis, so please do make sure that you have done your due diligence like inspecting the properties and checking their legal condition before bidding on a property.

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.

You may download the Unionbank Special Public Auction Foreclosure Listing for March 28, 2009 here!

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.

2 thoughts on “Unionbank Special Public Auction of Foreclosed Properties On March 28, 2009”

Leave a Comment

Your email address will not be published. Required fields are marked *

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

Scroll to Top