Comments on: City Treasurer of Quezon City to auction tax delinquent properties on December 10, 2009

By: Jay Castillo

Jay Castillo — Thu, 07 Jan 2010 01:27:57 +0000

Hi Bryan, glad you found it already. I’m still improving navigation of the site, it’s a work in progress… hehe. Anyway, I look forward to our lunch on Monday. Thanks!

By: Bryan Uy

Bryan Uy — Mon, 04 Jan 2010 07:25:47 +0000

Hi Jay! Saw it already! Sorry for the inconvenience…:)
Bryan Uy´s last blog ..Self Evaluation: Tell Me Who Your Friends Are

By: Bryan Uy

Bryan Uy — Mon, 04 Jan 2010 07:24:27 +0000

Hi Jay!

Thanks for this info. Can you help me navigate through your posts? I’m trying to look for your post re Marikina tax foreclosure.

Thanks bro and Happy New Year!
Bryan Uy´s last blog ..Self Evaluation: Tell Me Who Your Friends Are

By: Jay Castillo

Jay Castillo — Mon, 21 Dec 2009 13:55:18 +0000

Hi Bryan, yes, they are exactly the same! From what I have gathered from other bidders during tax foreclosure auctions, the biggest risk is when the previous owner chooses not to leave the property after the 1-year redemption has lapsed and you will have to eject them, which is not something I would want to do. This is the reason why I would rather invest in those tax foreclosed properties that have a greater chance of being redeemed. Just read my post about the Marikina tax foreclosure auction, it contains a lot of tips.

By: Bryan Uy

Bryan Uy — Fri, 11 Dec 2009 16:54:01 +0000

Hi Jay,

Is it the same buying a tax delinquent foreclosure property here in the Philippines as in the US? From what I understand in the US, the bid price is the total amount of tax due for payment and that one can actually get to own an expensive property just by paying the tax due if the owner does not exercise his right to reclaim the property. Is this the same setup in the Philippines? If it is, wouldn’t it be really good to invest in tax delinquent foreclosures? I think it was Jack Bosch who does this very well in the US.

let me know your thoughts, especially the risks in investing in this type of foreclosures.

Thanks bro!
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By: Ronald Cagape

Ronald Cagape — Tue, 01 Dec 2009 15:01:03 +0000

Looking through the list of delinquent owners, I find it interesting that companies like RCBC, Shell, Ayala Land and Distilleria Limtuaco are delinquent tax payers. It probably shouldn’t be a surprise but do you think it’s really part of their practice not to pay taxes on time? Or did someone just not do their job?

Anyway, if you find anything good, let me know.
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