Page 148 - Demo

Interesting facts about enforcement of civil case judgment147In the case that a buyer of an auctioned property failed to pay the purchase price within the prescribed time period which results in a forfeit of deposit and a new public auction, if the purchase price at the new auction is lower than the highest bid at the previous auction, will the buyer be liable to the difference between the two prices? If the purchase price at the new auction is lower than the price sold at the previous auction, the original buyer who failed to pay the purchase price within the prescribed time period must be liable to the difference between thetwoprices.Theenforcementofficerwillnotifytheoriginalbuyertopaythe difference in the property prices and related expenses.No.28QuestionAnswer