What is the letter of auction and how to get it after the property auction
Participate in A An excellent opportunity to earn assets at lower prices than the real estate auction marketBut it is essential to understand the legal policies of this purchase. After completing, an important document Bid letterIt will transfer the property to the buyer. This document is very important for registering property at the Real Estate Registry Office, legal custody and legal possession of property.
What is the auction letter?
The official document issued an illegal auction to a judicial auction or auction company is a letter of auction, which is a auction company, which ensures the possession of property by the bidder. It replaces the traditional public deed of purchase and selling, acting as a legal proof of property transfer. The document contains detailed information about the property registration, the amount of auction, the payment of the ITBI (tax on real estate transmission) and the transfer of possession to friends.
This approach is essential for the buyer to register the property in his name in the notary office, making his property and making sure that no one else can dispute about the property.
How to get auction letter after property auction?
There will be some mandatory stages in the process of obtaining auction letter after property auction, which requires strictly to be followed to avoid legal issues. Then understand the basic steps to complete the property purchase.
1. The amount of auction is paid: Once the auction is the winner, the bidder must pay the value of the bidder as specified in the notice. This payment is usually made by a legal account, according to the specific conditions defined by the judge.
2. Auto de Ladano manufacture: Once the payment is verified, the auction describes the auto in the bid. This basic document combines the conditions of the auction, the amount paid and information about the property. The auction, the bidder and the judge (in court auction) are required to be signed.
3. ITBI payment: Bidder on the transmission of Real Estate (ITBI), as well as any court expenses. This tax value is defined by municipal law and the conditions of payment (such as the expiration of payment in the case of auction) can be guided by the judge.
4. After the payment of ITBI and other fees, the bidder must be officially requested to the judge by a lawyer. There should be a request for the total data, payment proof of payment, a minute copy of the auction and issuing letter from the property in the petition.
5. Yatra of Charter: After analyzing the request and verifying the regularity of the documents, the judge is issued a letter of bid, which is a perfect document that offices the transfer of property from the property to the bidder.
6. Registry in the notary: The final step is to register a bid letter to the real estate registry office. The property is officially transferred to the buyer name only after this registration.
Differences and advantages of the charter
The auction letter on real estate purchase offers many advantages through other means, such as traditional financing. The main advantage is that when formal, it guarantees the child to the exact transfer of the property, without the need for new processes, because the purchase and selling deed. In addition, it provides complete legal conclusion to prevent future disputes over property ownership.
Another important advantage is that at the auction, the buyer can complete the real estate for less values than the market. Compared to bank financing, this process is faster and low bureaucratic, because of credit analysis or long expectation periods for financing approval.
Important aspects to be considered
Although the auction letter is a powerful tool to ensure property ownership, it is important to know some considerations to the buyer before participating in the auction. This process may seem simple, but this requires attention.
First, the possession of the property at the auction has additional costs Condominium rates E. Eventually good previous debts. Therefore, it is essential to do comprehensive research on property condition before auction. In addition, it is essential to have the support of the attorney for the buyer, for the request of the bid letter and to ensure that the entire process is legally and efficiently maintained.
Another thing to be considered is that at the court auction, the property can be obtained “advertising corpus”, that is, in a state of it, There is no guarantee that property is pending or pending. Therefore, it is necessary to carefully evaluate property conditions and auctions -to prevent unpleasant surprises.
In general, a letter of auction is an inevitable document for those who want to guarantee the legal possession of the auctione. Although there are bureaucratic stages in the process of obtaining the letter, it is essential to officially register bidder property on its name. With proper legal supervision, the buyer can take advantage of the possibility of providing real estate auction with security and calm.
