Posts Tagged ‘Shopping’
Auction Process
Auction collateral / collateral in the form of certificates of land and buildings is usually carried out by the Bank if the debtor can not fulfill its obligations and otherwise bad / bankruptcy auction that meets the requirements specified. Furthermore, the collateral-collateral is then submitted to the auction house to be auctioned with the previously announced tender submitted by the Bank concerned.
This is where you should be observant at the list of assets to be auctioned by the bank. Consider some options that you wish to purchase by visiting the location and ask about the environmental conditions through a citizen or shops / local shops. Once you are sure you want to buy certain assets only then do the registration and deposit guarantees in the asset you want to buy. On a schedule determined by the auction process begins . Some things to note here is that when you win the auction then you are required to deposit the auction price and the maximum three working days if this is not done then you pay a deposit previously considered invalid. Conversely, if you lose the auction then the deposit is returned. After payment of the purchase of the remaining appointments (plus 1% the cost of the buyer) the buyer will get paid receipt from but still not able treatise auction. further obligation to pay 5% to be able to take the minutes of the original auction.
Review and Assessment of Assets for Auction
Review and Assessment of Assets
Based on data and documents we received, we will conduct a review of assets with the following goals:
- Ensure that the condition of the building / physical assets supporting documents matches.
- Specific property assets, researching the location and environment as an input in the consideration of the property value and marketability.
- The valuation of these assets to determine the price limit on the auction. Limit price is the minimum price set by the auction seller / owner of the goods to be achieved in an auction.
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Auction Steps
Series of activities that must be done before the day of auction and is a part should be prepared in a mature and professional in order to optimize the results of the auction.
- Signing of Cooperation.
Signing seller cooperation with us as outlined as work orders to conduct an auction sale of property and asset data attached that would be auctioned, and the Letter of Authorization Letter.
- Admission Document
All the copies of documents about the assets to be auctioned is given by the seller / owner of the property and collected by us, where the documents are the basis on assets / foundation “transfers of ownership” (transfer ownership).
The documents required are legal documents with details.

- Image by eqqman via Flickr

