Auctions
We handle the whole procedure, from the auction application through demands for distribution, reports of rights, objections to the distribution schedule, delivery of possession and compulsory execution. Miss something in the analysis of rights and unexpected losses follow.
Real Estate Auctions
A real estate auction is an important legal procedure for recovering a debt and realising a right, and legal questions can arise at every stage, from the auction application through distribution, delivery of possession and compulsory execution.
Where the analysis of rights or the distribution procedure is not examined properly, unexpected losses can follow, which is why expert legal review matters.
Ilsang Law Office provides legal services across the whole of the auction procedure, including the auction application, demands for distribution, reports of rights, objections to the distribution schedule, delivery of possession and compulsory execution. We examine the specific facts and the state of the rights in each case closely, and assist responsibly so that the client's rights are realised and the debt recovered.
Procedures We Handle
In an auction, what is at issue changes from stage to stage. We take the steps below according to the stage the case has reached, and which steps are needed depends on the matter.
- 1
경매신청
The stage that opens the procedure
We apply to the court for an auction on the basis of a title of execution or a security right. First we establish what the application covers and the state of the claim.
- 2
배당요구
Getting your name onto the distribution
We join a case already under way as a creditor and demand distribution. Without that demand, you can be left out when the sale proceeds are divided.
- 3
권리신고
Putting your rights on the record
Rights attached to the property, such as a leasehold or a security right, are reported to the court. What is reported, and in what priority, follows from the analysis of rights.
- 4
배당이의
We do not simply accept the distribution schedule
If there is an error in the distribution schedule drawn up by the court, we object. This is the stage for contesting the priority of distribution or the amounts.
- 5
명도 및 강제집행
Taking over possession
If the occupant will not leave after the price has been paid, we respond with an order for delivery or an eviction suit. Actual possession is then settled through execution.
Consultation Information
Consultations are available 365 days a year, free of charge. Both the phone consultation and the chat assistant are free. We are in the first building at the west gate of the Seoul Central District Court. You can also consult through the chat window at the bottom right of the screen. Four languages can be selected at the bottom or top of the page.