Auctions
The valuation appraisal and expert's report are fundamental documents in property enforcement proceedings. They inform the judge, creditors and prospective buyers about the property, its value and legal position before auction. Before an attached property is sold, a technical assessment is required under the Code
Read Answer →Buying at auction can be a valuable opportunity, but requires careful advance review. Unlike an ordinary sale, buyers cannot rely solely on a seller's information: they must examine the enforcement documents to understand the property's legal and physical condition. The principal document is the appraisal
Read Answer →Property enforcement proceedings allow creditors to recover debts when a debtor does not pay voluntarily, for example a mortgage, loan or other amount due. The creditor may ask the court to attach and auction the debtor's property. The proceeds satisfy all or part of the
Read Answer →A property auction is a public sale, generally ordered by a court, intended to satisfy the creditors of an owner who has failed to fulfil obligations such as paying a debt or mortgage. When a debtor cannot pay and a creditor begins enforcement proceedings, the
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