Book VII: TREATMENT OF OVER-INDebtedness

At the adjudication hearing, it shall proceed in accordance with the dispositions de la sous-section 3 de la section 4 du chapitre II du titre II du livre III du code des procédures civiles d’exécution, à l’exception de l’article R. 322-47. The provisions of article R. 322-58 of the same code are applicable to the payment of taxed costs and transfer duties. In addition to the information required for any…

Within a period of two months from the date of the final adjudication, the successful bidder shall deposit with the Caisse des dépôts et consignations the full amount of the adjudication price including interest at the legal rate running from the day on which the sale became final until the day of payment.

The reiteration of bids is governed by the provisions of articles R. 322-66 to R. 322-72 of the Code of Civil Enforcement Procedures, subject to the following reservations. In the event of failure to deposit the sale price or to provide proof of payment of taxed costs and transfer duties within the period provided for in article R. 742-38, the liquidator shall enjoin the successful bidder, by registered letter with…

At the request of the successful bidder, the judge in charge of property seizures shall record the purging of the mortgages taken on the property and order the cancellation of the corresponding registrations at the service responsible for land registration. He shall rule by order.

The notice of transfer provided for in article 20 de la loi n° 65-557 du 10 juillet 1965 fixant le statut de la copropriété des immeubles bâtis is given to the managing agent by the liquidator.