Maître Mbarek SBAGHI Procedures for selling seized property by public auction Mr. Mubarak Al-Sabba

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Published on Dec 24, 2018
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#eConseilBook #Maître_Mbarek_SBAGHI #Notaire_Casablanca To watch the full article on the procedures for selling seized property at public auction on eConseilBook https://econseilbook.com/ar/SBAGHI.Mb... Professor Mubarak Al-Sabagh, a former governor and current notary in Casablanca, talks about the subject of the compulsory sale of real estate, providing a set of clarifications related to the sale process at public auction and the various stages it goes through. What is a compulsory sale? A compulsory or forced sale is a sale that occurs under duress to fulfill a right owed to him or to prevent harm or to achieve a public interest. Conditions for implementing a judgment of compulsory sale of real estate at public auction The conditions for implementing a judgment of compulsory sale are that there is a debt proven in the governorate that the owner has been unable to pay, as the creditor has the right to sell the property at public auction in accordance with the law to recover his right. Transfer of ownership of the property to the successful bidder in the public auction. When the sale is completed in a public auction, ownership of the property is transferred to the successful bidder in the public auction after the property is purged, by cancelling all mortgages and encumbrances related to the property subject to the sale.

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