Comments on: Quezon City Property Tax Sale On July 2, 2009

By: catrosinfo

catrosinfo — Fri, 18 Sep 2009 02:57:05 +0000

Thanks for sharing this informative post.

By: Jay Castillo

Jay Castillo — Tue, 14 Jul 2009 04:45:41 +0000

Hi Andrei, I believe Manila also has the same process but I have not yet tried to check their schedules for tax foreclosure auction, Manila city hall is kinda far away from my place. You’re welcome and thanks for the visit!

If there’s anyone here from Manila who knows of any upcoming auction tax foreclosure auction, please do leave a comment here. Thanks!

By: Andrei

Andrei — Sun, 12 Jul 2009 06:22:12 +0000

Hi Jay,

Very informative, thanks for sharing, Just wondering, does Manila City has same process? Have you encountered any such event for Manila City?

By: 9 Lessons Learned From The Real Property Tax Foreclosure Auction Sale In Quezon City | Foreclosure Philippines

Mon, 06 Jul 2009 02:15:08 +0000

[...] attended the Quezon City real property tax foreclosure auction sale yesterday and although I was only able to make it to the last forty minutes of the auction, I was [...]

By: Jun

Jun — Sat, 04 Jul 2009 00:05:42 +0000

Hi Jay, additional pointer here is that the easiest and the quickest way to give investors enough time to do their diligence is to contact every now and then the treasurer’s office of the next auction. By doing this you will have a head start over the rest if you can get a list before they publish it.Sometimes they will not issue any list until the first publication but at least you have the ample time to do research and checking of the property you want to bid.

By: Jun

Jun — Fri, 03 Jul 2009 23:50:02 +0000

Hi Jay, were you able to attend the Tagaytay pproperty auction sale last week?

By: Jay Castillo

Jay Castillo — Sun, 28 Jun 2009 02:53:34 +0000

Hi Robin, actually, all local governments are required to publish a first notice months before the second and final notice before the tax delinquent properties are to be auctioned which would give investors enough time to do their due diligence. They probably published those notices in newspapers that are not so well known. I usually look for the notices in the Manila Bulletin, Philippine Daily Inquirer, etc. but I did not see the first and second notices in any of them.

The title would give an indication for problems like existence of encumbrances, lis pendens, adverse claims, etc., it would also help establish the true ownership of the property, and if the tax foreclosure is valid if it is annotated on the title. However, other things to consider like any arrears in homeowner association dues, utilities, cannot be found on title and one must check for these through other means.

As I have indicated in my post about the Marikina Tax Foreclosure Auction, properties that have been delinquent for only a short period of time are more likely to be redeemed. These are most probably newer and in better condition, hence, owners would be more inclined to redeem them. Properties that have been delinquent for 10 years or so, would most probably have owners that have little capacity to pay or have no intention of redeeming the property at all.

Thanks for the questions and for dropping by!

By: Robin

Robin — Fri, 26 Jun 2009 01:39:12 +0000

What are the clues that you can investigate if a property is going to be a quick redemption?

By: Robin

Robin — Fri, 26 Jun 2009 01:37:53 +0000

From the title itself of these properties would you be able to determine if the title is really clean?

By: Robin

Robin — Fri, 26 Jun 2009 01:34:17 +0000

I wonder why these tax foreclosures don’t give ample time for people to do their research if these properties are worthwhile investments in case unredeemed?