Nasa field kasi ako nang time na iyon eh. Next time na lang.
Gio Paredes´s last blog ..I’m in Komiklopedia

Opinion ko lang, safe na bilhin mo sa public auction kasi mas una or mas mataas ang postion nung tax lien kesa sa ibang liens kagaya nung sinangla or naka mortgage. In kase na maghabol nga yung sinanglaan, kailangan pa rin niya bayaran yung utang niya sa gobyerno na tax arrears.

Pagdating naman dun sa huling kinasama ng common law husband ng lola mo, hindi ako sure pero parang may habol siya dahil sa family code kaya malamang ay maghahati talaga kayong lahat sa property.

Suggestion ko lang is maghanap kayo ng trusted lawyer tapos mag usap=usap muna kayo at maghati na lang based sa family code, assuming tama ang assumption ko

Tungkol po sa Public Auction Sale of Delinquent Real Property,
may bahay ang lola ko sa Pasay City na nakasama sa auction, namatay ang lola nung 1980, yung nakapangalan sa title ay partnership nila ng common law husband nya. Nung mamatay ang lola ko ay naisalin ng common law husband nya sa pangalan nya ang titulo kahit may heirs ang lola ko (nanay ko at uncle ko). At pagkatapos ay may kinasama ulit ang dating common law husband ng lola ko, at isinanla nilang dalawa ang bahay at lupa. Namatay na rin yung dating common law husband ng lola ko, at natirang naka occupy sa bahay ng lola ko ay yung huling kinasama ng common law husband ng lola ko at kaming heirs ng lola ko sa kalahating parte ng lupa naka occupy. Ngayon ay naisama sa auction ang bahay at lupa at nakasanla pa rin sa pinagsanlaan ang bahay at lupa pero hindi ko mahanap kung saan isinanla.
Ang tanong ko po ay safe bang bilhin ko sa public auction ang bahay namin? Di ba maghahabol ang pinagsanlaan? Pwede bang mapaalis thru legal process ang ibang occupant (yung huling kinakasama ng common law husband ng lola ko at pamilya nya).
Note: walang anak ang lola ko at common law husband nya, pareho silang widow at widower nung magsama sila. Yung common law husband ng lola ko at yung huling kinasama nya ay wala ding anak at hindi sila kasal.
Maraming salamat, sana’y naintindahan nyo ang tanong ko?

As for your second property, you should ask the bank when you will get the documents and you should also do regular follow-ups, don’t stop until you get the documents. As for the excess CGT that you shouldered, just look at it as an investment which you can recover when you sell the property of through the cashflow the property would earn when you have it rented out.

Your situation is really not that bad as you just need more time to get the documents that are necessary to have the properties transferred to your name.

Ideally of course, one should only buy properties that have titles that are already consolidated or are already under the name of the bank. In your case, remember that you got the properties at nearly 10% only of their market value and if you will just be a little more persistent, you will get very significant profits later!