Foreclosure

The compulsory auction is the enforcement of a claim with state power. The creditor has the opportunity to enforce a claim for immovable property and thus satisfy his claim. Immovable property is land and its superstructures, residential property, part ownership, as well as land rights, such as hereditary building rights.

The compulsory auction leads - in contrast to the receivership, which aims at the yield of a property - to a utilization of the substance.

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