Kihagyás

What does it mean to sell the immovable property without auction?

Upon the parties’ request the bailiff shall proceed to sell the immovable property without auction, but subject to the provisions of auction sale, to the buyer at the appraised value designated by parties. If the proceeds from the sale is likely to be sufficient to satisfy the claims of all judgment creditors, including the lien holders who has become involved in the procedure already in progress, and if no other party holds any right registered in real estate register to the property in question, the consent of judgment creditors is not required for sale without auction. In this case the bailiff shall sell the immovable property to the person designated by the judgment debtor at the value appraised by the judgment debtor.

If another party has some right in the immovable property in question registered in the real estate register, his consent shall also be required for sale without auction.

An immovable property may be sold without an auction before the commencement of the auction. A sale without auction may be effected after a bid is quoted in the bidding log if the price offered is higher than the price quoted in the bidding log, except if sold under the conditions set out in Article 157 (2), where the purchase price may be the same or lower than the price quoted. (Article 157. (1)-(2) of the Vht.)

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