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
Our tip! Want to buy a cheap property at a foreclosure auction? Here you will find online portals for buyers, the district court list and tips: Buy property at foreclosure auction.
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
/wp-content/uploads/2024/04/lukinski-logo-real-estate-investment-germany-house-villa-off-market-clean.svg00Laura/wp-content/uploads/2024/04/lukinski-logo-real-estate-investment-germany-house-villa-off-market-clean.svgLaura2019-01-25 08:00:452022-03-01 09:03:42Auction of a property: All important information
