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FORECLOSED PROPERTIES: UnionBank Unleash A 2012 Salvo

January 3, 2012

UnionBank who are in the forefront of aggressive selling of their repossessed properties in the Philippines have opened 2012 with a bang.

As well as holding regular sales of properties, they have now started the new year with an additional set of moves which should appeal greatly, as can be seen in the poster below.

Besides the standard (for UnionBank) terms of 15 years to pay, 11% interest with a 10% deposit and no credit checks (for domestic customers), they are also offering to fund the 10% deposit interest free for 6 months.

This will certainly be of appeal to OFW's and their families who can in the main easily afford the repayments of the properties on offer.

They generally hold somewhere in the region of 15-20 auctions per year, so 2012 should see an upsurge in participants at those forthcoming sales.

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