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No.20

Question

If a plaintiff wants to buy the property through a sale by public
auction, does he or she have to place any bid deposit?

Answer

If the plaintiff is a preferred creditor of an immovable property, such as a
mortgagee, with a court order granting it preferential right to debt repayment,
the plaintiff still has to place a bid deposit under the conditions specified in
the public auction announcement.
If the plaintiff is not a preferred creditor, he or she must place a bid
deposit under the conditions specified in the public auction announcement
as well, but the amount of deposit must be placed same as normal bidders.

138 Interesting facts about enforcement of civil case judgment Interesting facts about enforcement of civil case judgment 139