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6. Bidding of Moveable Property
The executing officer will tag a chess
flag at the auction area, it is considered to be
auctioned whereby the same bidding process
of immovable property (land, land with building
and condominium etc.)
7. Non-Bid Property
Any property which no one bids will be removed and not
offered for bidding on the same day.
8. Unsuccessful Bidder Cashier’s Check
Unsuccessful bidder is able to
the bid deposit placed as cash or cashier
cheque immediately reimbursed.

9. What to do when you are a successful bidder of immovable
property (land, land with building, condominium)
1) Successful bidder needs to enter into the sale
agreement using the Legal Execution Department template and make
full payment of the bid price on the auction date.
2) If successful bidder is unable to make the full payment,
he/she may enter into the sale agreement whereby the bid deposit
placed before the bidding is considered part of the payment (a deposit
amount). Successful bidder needs to pay for the remaining amount
in full within 15 days from the auction date.
A successful bidder who is unable to pay the remaining
amount in full within 15 days due to pending loan application from
a financial institute or who is in the process of collecting money from
other sources, may file a motion for an extension of payment date.
A letter from the financial institute considering the loan application
must be attached to the motion and presented to the executing
officer. In case of pending collection of money from other sources,
the successful bidder needs to notify the executing officer of the

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