property sale in execution

Answer 1

1. No, the CC itself, as owner will be notified by notice served either at its registered address or at its chosen domicilium address.

2. Yes, an execution sale is an auction counducted by the sheriff of the court.

3. The bank usually does set a reserve equal to the balance of the loan plus legal costs, but lately the banks have been willing to sell at a loss.

4. As much as is necessary to cover the balance plus costs.

I trust you find the above in order.

Yours faithfully,

Mike