What Are the Operating Procedures for Auction Dates in Enforcement Auctions?

Sales of Expert Reports

In the sale of real estate properties, as well as on auction days, determination stages are carried out in accordance with the bankruptcy law. At this point, on the first sale days, the properties subject to enforcement auctions are sold based on approximately 60% of the values determined in the expert reports.

Participatory Foreclosed Goods

Therefore, on the first sale days, a participant has the opportunity to purchase a foreclosed property at the lowest possible rates, which is 60% of the property's value plus the sale expenses. On the second sale days, foreclosed goods can be sold at 40% of their determined values. In this case, the lowest value of the property in question is the sale expenses of this property.