Section 7: Effects of mortgages

A third-party buyer who becomes the successful bidder, and thus retains ownership of the property, is not required to have the adjudication judgment published. He has recourse against his seller for reimbursement of what exceeds the stipulated price and for interest on this excess from the day of its payment. .

If the third-party purchaser has acquired by the same deed, for a total price or separate prices, immovables and movables, or several immovables, only some of which are mortgaged, and which may or may not form the same holding, the price of each immovable subject to registration shall be declared in the notification provided for by article 2464, by breakdown, if applicable, of the total price. The overbidding creditor may…

If the immovable sold includes an immovable by destination encumbered by a pledge, the pledgee is treated in the same way as a registered creditor for the purposes of this sub-section. The third party purchaser may, once the sale has been published, purge the immovable by destination of the right of resale attached to the pledge pursuant to article 2464. The notification then indicates the price of the pledged immovable…