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HQPAAF325 (V01, 05/2024)For 2nd Public Auction Interisland Management and Recovery Department Acquired Assets Division Suburbia Commercial Center, Maim pis City of San Fernando, PampangaINVITATION
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01
Research the property details and auction terms.
02
Register for the auction and obtain a bidder number.
03
Attend the auction in person or online.
04
Bid on the property you are interested in.
05
Complete the necessary paperwork and make a deposit if you win the auction.
06
Follow up on the closing process and transfer of ownership.

Who needs for 2nd public auction?

01
Individuals or investors looking to purchase properties at a discounted price.
02
People interested in buying foreclosed properties or properties in distress.
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The 2nd public auction refers to the second round of bidding for items or properties that were not sold in a previous auction. It provides another opportunity for buyers to acquire these items.
Individuals or entities interested in participating in the 2nd public auction must file a registration or application to indicate their intent to bid on the items being auctioned.
To fill out for the 2nd public auction, applicants typically need to complete a form provided by the auction authority, providing necessary details such as identification, contact information, and any specific bids they wish to place.
The purpose of the 2nd public auction is to sell items that did not receive any bids during the first auction, thereby maximizing the chances of sale and ensuring that unsold items are not retained indefinitely.
The information that must be reported includes the item details, starting bid prices, the auction date and location, and any special conditions or terms related to the auction.
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