Home » Tax Delinquent Properties » Tagaytay public auction sale of delinquent real properties slated on November 25-26, 2010

Tagaytay public auction sale of delinquent real properties slated on November 25-26, 2010

The City of Tagaytay shall be conducting a two (2) day public auction sale of delinquent real properties on November 25 and 26, 2010, at the Tagaytay International Convention Center (TICC), Tagaytay City, Philippines.  This is pursuant to section 260 and 263 of RA 7160, otherwise known as the Local Government Code of 1991.

According to the notice, interested bidders  must pre-register one (1) week before the date of auction sale and they will be assigned their permanent individual bidders’ numbers.

Duly registered bidders shall be given their updated copies of the lists of properties for auction, rules and regulations, and bidding form, upon payment of a non-refundable amount of Ten Thousand Pesos (Php10,000.00) to cover the costs of printing, miscellaneous, and other incidental expenses during the auction sale.

Personally, I find having a non-refundable amount of Php10,000 as very discouraging for would-be bidders. What if a bidder is not able to win in any of his bids? He ends up with a double whammy as he also loses his Php10,000.

So far this is the only tax foreclosure sale that I have known that has such a high non-refundable amount. Of course I understand that they need money to cover expenses for the costs of printing, and other incidental expenses during the auction, but charging each bidder Php10,000 is simply too much, don’t you think?!

Anyway, just see for yourself the details as printed on the notice of auction sale issued by the City of Tagaytay below.

Click on the following links to download the 2nd and final notice for the public auction sale of delinquent property issued by the City of Tagaytay  in PDF format or just click on the images that follow to download copies in JPG format.

Tagaytay tax delinquent properties for sale – Part 1 (PDF)

Tagaytay tax delinquent properties for sale – Part 2 (PDF)

Tagaytay tax delinquent properties for public auction - Part 1
Tagaytay tax delinquent properties for sale - Part 1
Tagaytay tax delinquent properties for sale - Part 2
Tagaytay tax delinquent properties for sale - Part 2
Source: Philippine Star, November 3, 2010 edition

Goodluck!

To our success and financial freedom!

Jay Castillo
Real Estate Investor
Real Estate Broker License #: 20056
Blog: https://www.foreclosurephilippines.com
Follow me in Twitter:http://twitter.com/jay_castillo
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Text by Jay Castillo and Cherry Castillo. Copyright © 2010 All rights reserved.

PS. Attend Larry Gamboa’s Think Rich Pinoy Seminar on December 4, 2010Click here now to grab your seats! or click here to download more information (please feel free to forward this your friends).

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About Jay Castillo
People encounter problems and make mistakes when buying foreclosed properties, and Jay wants to help people avoid those problems/ mistakes. Jay encountered a lot of those, which is why he started this blog in 2008 to serve as a guide where he shares lessons learned, and how to overcome challenges you may encounter when investing foreclosed properties in the Philippines … [Read more]
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