ᐅ Forced sale of a secondary apartment – Is priority possible?
Created on: 5 Jul 2018 20:44
J
john2007
Here is the situation. I own two condominiums in a duplex with an additional basement apartment. The basement apartment belongs to my brother. This basement apartment is now being foreclosed. I have offered to buy the apartment from my brother to avoid the foreclosure, and he agreed, but the other party rejected the offer.
I really want to own this basement apartment as well, so I am the sole owner of the entire building. What is the best way to proceed? Can I talk to the local court to get priority since I already own the rest of the house?
Looking forward to your help.
I really want to own this basement apartment as well, so I am the sole owner of the entire building. What is the best way to proceed? Can I talk to the local court to get priority since I already own the rest of the house?
Looking forward to your help.
H
Hausbauer16 Jul 2018 10:25PhiTh schrieb:
If the bank doesn’t want to sell it to you directly (which is unfortunate because the foreclosure does involve certain costs), I would quickly start making the apartment or house look less appealing 😉 That way, interest from others will drop significantly and your chances of winning the bid will increase 🙂 On the day of the foreclosure auction, just sit in the yard and tell the interested parties a tall tale 😉 Any potential compensation for the lower amount you’ll then have to negotiate with your brother 😉I assume that is highly illegal.
N
nordanney6 Jul 2018 10:32PhiTh schrieb:
I would quickly start making the apartment or house look worse 😉 That way, other people's interest drops significantly, and your chance of winning the bid increases 🙂 On the day of the auction, just sit in the yard and tell the interested parties a made-up story 😉 I don’t know any buyers who sneak around the house on auction day. It doesn’t make sense either, since by that time the financing should already be roughly secured – the bank usually provides you with a certified check for the required deposit.
Furthermore, there is also an auction appraisal done by an expert. Experienced auction participants (and you often see the same people) might take a brief look at the location and property from the outside beforehand (if at all), and that’s usually all there is to it.
nordanney schrieb:
Experienced joint venture participants (and you often see the same people) usually just take a quick look at the location and the property from the outside beforehand (if at all), and that's about it. Experienced joint venture participants can especially quickly recognize when a co-bidder is bringing emotions into the process.
https://www.instagram.com/11antgmxde/
https://www.linkedin.com/company/bauen-jetzt/