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within 15 days after the purchase date. The payment
period can be extended no longer than 3 months
after the 15 days period has passed. If the purchaser
fails to pay the full amount of the price within the
deadline, the enforcement officer shall forfeit the
deposit and the purchaser whose deposit is forfeited
will be kept in the LED record file. The property
will be put for sale in a new auction. If the highest
price, including expenses, in the renewed-auction
is lower than the previous proposed price, the
enforcement officer will inform the former purchaser
to pay the difference within the stipulated time.
If the former purchaser does not make the payment,
the enforcement officer will inform the interested
person to proceed further legal action.
***In a case where the enforcement officer
announces the renewed auction due to the previous
purchaser does not pay the remaining price and such
person, whose deposit is forfeited, wishes to
participate in the renewed auction, he or she needs
to place the extra security in an amount stated in
the renewed auction.
Responses to Inquiries Relating 31
to Enforcement of Civil Case Judgment