Execution sale

An execution sale is a compulsory public auction of real property initiated by a court bailiff at the request of a creditor. It occurs when a property owner fails to meet financial obligations such as mortgage debt, tax arrears, or other court-ordered claims.

The property is sold through a notarial auction where bidders place offers. Proceeds cover the bailiff's costs, court fees, and creditor claims in order of priority; any surplus returns to the former owner. For investors and occupants, such sales may present opportunities, though strict conditions apply regarding transfer of ownership and liability assumptions.