Auction of a property: All important information

Auction – There is on the one hand the forced auction of a property or on the other hand the partition auction. A compulsory auction takes place when the owner can no longer pay the debts relating to the property. A partition auction takes place when the ownership of a property is divided among several people and they cannot agree on what should happen to the property. The auction of a property is conducted by a judicial officer in the district court in whose land register district the property is registered. A property is always auctioned with all its accessories, i.e. all movable and non-movable items of a dwelling are also acquired. The dates for auctions are announced publicly.

Auction at a glance: The last resort

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• A distinction is made between compulsory auctions and partition auctions of a property
• Forced sale takes place when the owner can no longer pay the debts relating to the property.
• Partition auction takes place when property of a real estate is divided among several persons and they cannot agree on what should happen with it.
• Auction of a property is carried out by a judicial officer in the district court in whose land register district the property is registered.
• Property is auctioned off with all movable and non-movable items
• Dates for auctions will be announced publicly

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