Page 140 - Demo

Interesting facts about enforcement of civil case judgment139If a plaintiff wants to buy the property through a sale by public auction, does he or she have to place any bid deposit?If the plaintiff is a preferred creditor of an immovable property, such as a mortgagee, with a court order granting it preferential right to debt repayment, theplaintiffstillhastoplaceabiddepositundertheconditionsspecifiedinthe public auction announcement.If the plaintiff is not a preferred creditor, he or she must place a bid depositundertheconditionsspecifiedinthepublicauctionannouncementas well, but the amount of deposit must be placed same as normal bidders.No.20QuestionAnswer