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Originally the building is owned and developed by Megaworld Corporation, and was known as the World Finance Plaza, but during construction the project was taken over by Union Properties, Inc., the real estate arm of Union Bank of the Philippines, and was renamed "UnionBank Plaza".
Homes become bank-owned properties after homeowners default on their mortgages and the bank forecloses. If no one opts to buy a foreclosure home at auction, the bank or mortgage lender or servicer ...
Union Bank of the Philippines, Inc., more commonly known as UnionBank, is one of the universal banks in the Philippines and the ninth largest bank in the country by assets. [2] UnionBank is a joint consortium among the Aboitiz Group, Insular Life, and Social Security System. It started operations in 1981 and became a commercial bank on January ...
City Savings Bank, commonly known as CitySavings, is a thrift bank subsidiary of Union Bank of the Philippines [6] and established in 1965, founded in Cebu City and also member of the Aboitiz Group of Companies. [7] City Savings is regulated by the Bangko Sentral ng Pilipinas.
Occupy Homes or Occupy Our Homes [1] [2] is part of the Occupy movement which attempts to prevent the foreclosure of people's homes. [1] Protesters delay foreclosures by camping out on the foreclosed property. They also stage protests at the banks responsible for the ongoing foreclosure crisis, sometimes blocking their entrances. [3] [4] It has ...
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The foreclosure process as applied to residential mortgage loans is a bank or other secured creditor selling or repossessing a parcel of real property after the owner has failed to comply with an agreement between the lender and borrower called a "mortgage" or "deed of trust".
Blighted land in Philadelphia. Land banking is the practice of aggregating parcels of land for future sale or development.. While in many countries land banking may refer to various private real estate investment schemes, in the United States it refers to the establishment of quasi-governmental county or municipal authorities tasked with managing an inventory of surplus land.