The debtor's immovable property can be seized and sold through enforcement and the creditor's receivable can be collected.
Process
- Seizure notice to the land registry office
- Expert valuation
- Sale announcement (local newspaper + UYAP)
- 1. auction (basis 50% of the value)
- 2. auction (base 25% of the value)
- Tender → price to the creditor
Rights of the Owner
- Objection to the valuation (7 days)
- Fit for termination of the tender (7 days)
- Debt payment (at every stage)
Supreme Court 12. HD
12. HD adopts that "the rights of the debtor must be protected" in the tender and that reasonable time and procedural rules must be observed.
Enforcement and real estate lawyer is recommended.