Judicial auction
Court enforcement proceeding in which land, a superstructure or a building right is realised to enforce an enforceable monetary claim.
Definition and context: Under section 133 of the Enforcement Act, the auction may be authorised on the enforcing creditor’s application for an enforceable monetary claim. It is usually documented in the authorisation order and the enforcement court’s auction file.
Role question: Owners need their procedural file, creditors need the title and real-estate security, and buyers need the court’s property documents. The auction file check sorts those records, while the role-based checklists guide the next preparation step.
Distinction: A judicial auction is neither a freely negotiated property purchase nor ordinary debt collection. The role hubs cover owners, creditors and buyers.
More on zwangsversteigerung-anwalt.at
This explanation gives a general overview of Austrian law and does not replace a lawyer’s examination of the individual case.
-
Auction edict
Public court notice that makes a specific judicial auction and its material hearing details findable for parties and interested bidders.
-
Court valuation report
Court expert report that records the findings on the property and determines its value under the rules governing judicial valuation.
-
Award
Court decision by which the auctioned property is awarded to a specific buyer.
-
Highest bid
Highest bid submitted for the property during the court auction hearing.
Questions about an upcoming auction?
Call the firm or send us an email. We will review your enquiry and contact you.
A direct line to the firm.
Address
BRANDAUER Rechtsanwälte GmbH Giselakai 51 5020 Salzburg
Phone
+43 662 6280000