Real estate auction and brightness litigation1) Application and commencement of procedures: The creditor applies to the court, and the court decides to commence. Determination and public announcement of the end date of the dividend request: The court sets and publicly announces the deadline for the dividend request. Preparation for sale (current status survey, appraisal): Investigate the current status of real estate, and determine the market price through appraisal. Designation, public announcement, notification, etc. of the sale method: The court determines the sale method, publicly announces it, and notifies the relevant stakeholders. Conducts sale: Sell the real estate through bidding. Sale decision procedure: The court reviews the sale process, and decides whether to bid or not. Payment of the sale price: The successful bidder pays the sale price. This process generally proceeds sequentially from the creditor’s application to the payment of the sale price. 2) Auction bid method2) Classes Open: It is conducted in the form of knowing each other’s amount, and you can continue to raise the bid price during the process. Closure: It is conducted in a form of unknown amount, and each bidder makes a bid once, and the person who makes the highest bid wins when the auction closes. Real estate auction: Real estate such as houses, land, and commercial buildings is subject to fluid gardens such as furniture and home appliances. Online: It is conducted using the Internet, and it utilizes modern technology. Compulsory auction: It is a method of applying by ordinary creditors, and the voluntary method is a method of applying by the mortgage holder who lent money as collateral for the house. In addition, there are various types such as lowest price, highest price, gradual, and reverse sale. 1.2 Real estate auction procedures and bidding methodsFor online auctions: It is conducted through the online auction system of the court, and you can enter the amount you want during the period. For offline auctions: It is conducted directly by the court, and the bidder proceeds through a card, and the documents required are as follows. – Individual: ID, seal, deposit, due date bidding table. – Agent: agent’s seal, ID, proxy’s seal, certificate of attorney, certificate of seal. – Joint: joint bid report, list of bidders, ID and certificate of seal. – Corporation: CEO’s ID, seal, corporate register. Check the location, date and time of the court and check the case in the evening of the previous day and before departure. The auction bid deposit should be about 10% or 20%. After confirming the validity period of the certificate of seal and a copy of the corporate register (within 3 months), check the notice of the date of sale when arriving at the court. 3. After the auction, proceedings for brightening and expenses, and the notice of the date of sale will be confirmedWe’ve looked at what is an auction, how to bid, and the estimated cost of brightening. Since brightening involves complicated procedures and costs, it is recommended to proceed with professional consultation. Also, please note that it is important to have sufficient legal knowledge and access to various situations that may arise during the litigation process. That’s all for the posting. Thank you so much for watching until the end and I hope you have a great and happy day. 1the name of an auction
