Award
The moment the asset is assigned to whoever made the best bid. It does not yet transfer ownership: that comes with the decree.
Everything you need to know to find your way around auctions, appraisal reports and proceedings. Explained clearly, without needless legal jargon.
Everything you need to know to take part in a court auction: from choosing the lot to the transfer decree. A step-by-step operational procedure with legal references and an error-proof checklist.
The moment the asset is assigned to whoever made the best bid. It does not yet transfer ownership: that comes with the decree.
The sum paid as a guarantee for the bid: at least one tenth of the price you offer. You get it back if you do not win; you lose it if you win and do not pay.
Three rules that decide whether your bid counts for anything: the minimum below which it is ineffective, how the deposit is calculated, and the fact that it cannot be withdrawn.
Auctions by area. The data is updated from the Public Sales Portal.