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From the market value appraisal report under § 74a ZVG to the bid – what bidders and owners need to consider
Read moreIn a foreclosure auction, a lower proceeds amount is often achieved than in a voluntary sale, as bidders factor in the risk of a court proceeding as well as the lack of comprehensive viewing opportunities.
Read moreIf co-heirs cannot reach an agreement, a neutral appraisal commissioned jointly by all parties is usually helpful. If the dispute continues, any co-heir may apply for a partition auction at the competent local court.
Read moreIf the partner wishing to take over the property cannot finance the payout, the usual options remaining are to sell the property on the open market or, as a last resort, a court-ordered partition auction.
Read moreThe partition auction is a court-ordered forced sale procedure used to convert jointly owned property into money when co-owners – for example after a divorce – cannot agree on how to dispose of it.
Read moreThe Federal Court of Justice (BGH) clarifies when a court-appointed market value appraiser is liable for their appraisal report – and why the standard applied is not that of a building defects expert, but that of a proper valuer
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