The businessman-singer Ramon Jacinto (RJ) is facing foreclosure on his property in Paseo de Roxas corner Buendia in Makati City. The Philippine National Bank (PNB) had already asked the Court of Appeals to give its final decision regarding the turning over of RJ’s 8,000 sqm property to the bank. PNB claimed that RJ’s companies failed to pay its loan obligations amounting to more than 6 Billion. The legal counsel for RJ says that there was a motion for reconsideration within the allotted 15-day period.