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MANUAL FOR BUYERSLegal execution Department31situationorgivesanyotherreasons.Inbothcases,theactionneedtobedonebeforethe15-days-duedateandthesuccessfulbidderalsoneedstogiveverbalexplanationtotheexecutingofficer.Theexecutingofficermayconsiderallowinganextensionnotmorethan3monthsfromtheduedate,subjecttothecriteriaandconditionsprescribedbytheexecutingofficer.%u0009 %u0009 Inallowinganextension,theexecutingofficermayconsiderwhetheritisabonafidecaseornotbeforegrantinganextension.%u0009 %u0009 3)%u0009Afterthesuccessfulbidderhasmadethefullpayment,togetherwithstampdutylandtax(0.5%ofvaluationlist),theexecutingofficershallissuealettertotheLandDepartmentandgivethetitledocumentandotherrelevantdocumentstothesuccessfulbiddertobeusedfortheregistrationoftitletransferwiththeLandDepartment.%u0009 %u0009 4)%u0009Ifthesuccessfulbidderisapersonwithaninterestinthepropertysold,he/sheneedstoenterintothesaleagreementandpay5%oftheValuationpriceofsuchpropertyontheagreementdate.Theexecutingofficerwilldeductfromthefullpaymenttheamountofwhichthesuccessfulbidderhasinterest.Ifthisisstillaninsufficientamount,thesuccessfulbidderneedstopaytheremainingportionbeforehe/shewillbegivenofthedocumentsforregistrationoftitletransfer.%u0009 %u0009 5)%u0009Ifabidderisadjudgedabankruptorhasareceivershipordermadeagainsthim/her,theexecutingofficermayrefusetoenterintothesaleagreementandnotreturnthebiddepositbutforwardittotheofficialreceiver.MANUAL FOR BUYERSLegal execution Department