As mentioned in my recent post about LandBank foreclosed properties, the Quezon City Office of the Treasurer shall be selling through public auction a large number of tax delinquent properties on December 16, 2010, 10:00am, at the Taxpayer’s Assessment and Payment Lounge, Quezon City Hall, Diliman Quezon City, Philippines.
This tax foreclosure auction is to be conducted by virtue of the provisions of Section 260 and 263 of RA 7160, otherwise known as the Local Government Code of 1991. This was announced through the notice of sale below.
Quezon City Notice of Sale for delinquent real property on December 16, 2010
- Page 1 of 5 (click to enlarge, right click to download)
- Page 2 of 5 (click to enlarge, right click to download)
- Page 3 of 5 (click to enlarge, right click to download)
- Page 4 of 5 (click to enlarge, right click to download)
- Page 5 of 5 (click to enlarge, right click to download)
Source: Philippine Star, December 6, 2010 edition, page B-7 to B-11
Interested bidders are required to post a cash bond of Php10,000. As far as I know, this is refundable, unless the auction rules have changed. In contrast, the cash bond for the Tagaytay Auction held recently was not refundable.
Thinking of investing in tax delinquent properties in Quezon City?
If you are interested and plan to attend the auction of tax delinquent properties in Quezon City, checkout these four tips for real estate investors. I attended the Quezon City auction last July 8, 2010 with my good friend Bryan Uy. Due to lack of time to do any due diligence, we did not bid and just observed the proceedings. Checkout the pictures below.
Want to learn more about tax delinquent properties?
If you want to learn more about tax delinquent properties and what goes on during the auction, checkout this post about the last auction conducted in Marikina City which my wife and I attended.
Happy hunting!
To our success and financial freedom!
Jay Castillo
Real Estate Investor
Real Estate Broker License #: 20056
Blog: https://www.foreclosurephilippines.com
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Text by Jay Castillo and Cherry Castillo. Copyright © 2010 All rights reserved.
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I was told that a property I own in Quezon City was sold at tax auction in December 2010. How can I check on this?
And I understand, if it was sold, I’m due the balance from the auction,if any, how do I check this?
Thank you,
Virgie
Thanks for the picture and the link bro!:)
Happy birthday nga pala!
God bless!
Sir Jay, very informative of the aura and experience for new real estate investor.
So i guess mas okay yung foreclosure ng mga banks?
Sir young price po ba yun yung start amount to bid on? if i want to buy a real estate would you help me?thanks po
i participated at the oct. 07 2010 quezon city auction. up to now they have not returned my cash bond of php10,000.00 to this date. i called the accounting unit today and was told that the person signing is unavailable. also, i won 2 properties and paid in full within 24-hours. but the property owners redeemed after a few days. i filed for refund due to redemption on november 19, 2010 and up to now my papers is still at the table of the city treasurer for approval. i spent almost php5,000.00 for various fees. i wonder if other october 07 participant/s had the same experience as mine.
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