My Saving Grace Realty & Dev. Corp. (MSGRDC) is set to hold an auction on Saturday, May 28, 2016, from 9:00 to 11:00 a.m. at Max's Restaurant on Jupiter Street, Makati City.
Comprised of residential and agricultural properties in North and South Luzon and the National Capital Region, the items on auction are offered on an "as-is, where-is" basis. Titles of the properties are either under the seller's name or under various stages of consolidation in the seller's name. Interested parties are encouraged to conduct their own due diligence and inspect the title and the physical and legal conditions of the property before the auction.
To qualify for the auction, bidders are required to present cash or a manager's check amounting to P10,000 in order to bid on properties with a bid price below P1,000,000, and P20,000 to bid on properties with a bid price of more than P1,000,000.
Bidders must also provide two valid government IDs. Representatives are likewise required to provide two valid government IDs and a letter of authorization. Corporate auction participants are required to bring a copy of the organization's certificate of registration, articles of incorporation, by-laws, and secretary's certificate executed by the corporate or board secretary or its equivalent, plus two valid government IDs belonging to the authorized representative and corporate secretary.
Terms of payment are in cash or by installment, requiring a 20% downpayment and a balance payable in 5 years at 8-9% interest per annum.
Interested parties may also call the following:
Brokers and referrers are welcome at the auction and may contact Bless Buan at 0908-818-7358 or 0917-856-9391 for more information.