Page 31 - Demo
P. 31


                                    306. Bidding of Moveable Property%u0009 %u0009 Theexecutingofficerwilltagachessflagattheauctionarea,itisconsideredtobeauctionedwherebythesamebiddingprocessofimmovableproperty(land,landwithbuildingandcondominiumetc.)7. Non-Bid Property%u0009 %u0009 Anypropertywhichnoonebidswillberemovedandnotofferedforbiddingonthesameday.8. Unsuccessful Bidder%u0009 %u0009 Unsuccessfulbidderisabletothebiddepositplacedascashorcashierchequeimmediatelyreimbursed.9. What to do when you are a successful bidder of immovable property(land,landwithbuilding,condominium)%u0009 %u0009 1)%u0009 SuccessfulbidderneedstoenterintothesaleagreementusingtheLegalExecutionDepartmenttemplateandmakefullpaymentofthebidpriceontheauctiondate.%u0009 %u0009 2)%u0009 Ifsuccessfulbidderisunabletomakethefullpayment,he/shemayenterintothesaleagreementwherebythebiddepositplacedbeforethebiddingisconsideredpartofthepayment(adepositamount).Successfulbidderneedstopayfortheremainingamountinfullwithin15daysfromtheauctiondate.%u0009 %u0009 Asuccessfulbidderwhoisunabletopaytheremainingamountinfullwithin15daysduetopendingloanapplicationfromafinancialinstituteorwhoisintheprocessofcollectingmoneyfromothersources,mayfileamotionforanextensionofpaymentdate.Aletterfromthefinancialinstituteconsideringtheloanapplicationmustbeattachedtothemotionandpresentedtotheexecutingofficer.Incaseofpendingcollectionofmoneyfromothersources,thesuccessfulbidderneedstonotifytheexecutingofficeroftheCashier%u2019s Check
                                
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