Muntinlupa extends deadline for redemption of auctioned properties
Individuals with properties acquired by the local government of Muntinlupa under “Public Auction Sale” have a chance to buy back their properties but only until the end of the month.
Under City Ordinance 2021-206, the redemption period for properties acquired by the City Government of Muntinlupa for want of bidders for auction years 2014, 2015, 2016, and 2017 is extended until June 30, 2021.
This extension is an amendment to a former ordinance approved by the Muntinlupa City Council setting the deadline for the redemption of properties on December 31, 2020.
The local government has approved the extension of deadline since most of the auctioned and acquired properties were small in area and a government project is not practicable to be ventured into such properties.
Further, funds collected from the auctioned properties will be used for the local COVID-19 response. In an initial report, approximately 55 million pesos may be collected from the auctioned properties when delinquent property owners are given further extension to redeem.
The City Treasurer’s Office – Muntinlupa released an announcement in social media and posted posters and tarpaulins in conspicuous places informing the public about the deadline.
For more information, you may coordinate with the City Treasurer’s Office – Muntinlupa at 8862 2525 loc. 198 and 303.
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