FAQ Deb­tors

By pay­ing the cla­im and the cos­ts incur­red up to that point. This also includes the cos­ts incur­red by the cli­ent as a result of the auc­tion pro­cee­dings.

Yes, the law sti­pu­la­tes that an auc­tion (rea­liza­ti­on of a lien) must always take place in public. A public auc­tion must be acces­si­ble to a lar­ger, not indi­vi­du­al­ly defi­ned group of peo­p­le. Ever­yo­ne, inclu­ding the deb­tor, has the right to par­ti­ci­pa­te.

It is regu­la­ted by law that the rea­liza­ti­on of liens must take place at the place whe­re the lien ari­ses. The excep­ti­on is if hig­her pro­ceeds could be expec­ted at ano­ther loca­ti­on.

You can be repre­sen­ted by a third par­ty or sub­mit a writ­ten bid. To do so, howe­ver, you must depo­sit a secu­ri­ty up to the amount of your bid with us. If you do not win the bid, the depo­sit will be retur­ned to you imme­dia­te­ly.

We are obli­ged to main­tain con­fi­den­tia­li­ty towards third par­ties and we will not men­ti­on your name.

We ask you to arri­ve 30 minu­tes befo­re the auc­tion starts to regis­ter and recei­ve a bidder card. We ask you to iden­ti­fy yours­elf with a valid ID or pass­port and to ensu­re pay­ment (see also: “How can I take part in the auc­tion?”).

Befo­re par­ti­ci­pa­ting, you must regis­ter by pre­sen­ting your pass­port or iden­ti­ty card. You will then recei­ve your bidder card with which you can bid. To avo­id abu­se, a depo­sit is usual­ly requi­red. This amount will be refun­ded imme­dia­te­ly after the end of the auc­tion. A depo­sit is some­ti­mes requi­red to ensu­re that only serious bidders take part in the auc­tion. The coll­ec­tion and amount of the depo­sit will be announ­ced in the respec­ti­ve auc­tion con­di­ti­ons.

Yes, eit­her you send us a writ­ten absen­tee bid or you bid on the pho­ne. Alter­na­tively, in many cases we offer the opti­on of par­ti­ci­pa­ting in the auc­tion via web­cast.

By sub­mit­ting an absen­tee bid, you enable our employees to bid on your behalf. The auc­tion repre­sen­ta­ti­ve will only bid on your behalf up to the maxi­mum amount you have sub­mit­ted. You have three opti­ons for sub­mit­ting an absen­tee bid:

1. By fax
2. By tele­pho­ne
3. Online.

To par­ti­ci­pa­te online, you must regis­ter and crea­te a user account. If you are the hig­hest bidder and win the auc­tion, we will send you an invoice by e‑mail. The invoice con­ta­ins all infor­ma­ti­on regar­ding pay­ment, dis­mant­ling of the auc­tion­ed item and other details.

All items acqui­red at a public auc­tion are always acqui­red in good faith accor­ding to § 935 BGB para. 2.

A vie­w­ing peri­od of at least two hours pri­or to each auc­tion is requi­red by law. The exact vie­w­ing times are sta­ted on the auc­tion announce­ments.

Lien rea­liza­ti­ons are car­ri­ed out accor­ding to the sur­ro­ga­te prin­ci­ple. The mate­ri­al value is con­ver­ted into mone­ta­ry value. The pos­si­ble mar­ket pri­ce for that day and place is deter­mi­ned. The­re is the­r­e­fo­re no mini­mum pre­mi­um pri­ce. The depo­sit may not be squan­de­red. The hig­hest bidder must be deter­mi­ned at reasonable cost.

The buy­er’s pre­mi­um is a fee that the bidder pays in addi­ti­on to the ham­mer pri­ce. The buy­er’s pre­mi­um should always be taken into account when bid­ding. The amount is sta­ted in the auc­tion announce­ment for the respec­ti­ve auc­tion.

In the case of a public lien rea­liza­ti­on, pay­ment is always made in cash or by bank-con­firm­ed check.

Unless other­wi­se agreed, war­ran­ty claims are excluded for items purcha­sed at public auc­tion. For ques­ti­ons that can­not be cla­ri­fied by vie­w­ing or cata­log descrip­ti­on, plea­se cont­act us.

Upon accep­tance of the bid, the pro­per­ty beco­mes your pro­per­ty. In lien mat­ters, the fas­test pos­si­ble take­over and rem­oval, often imme­dia­te­ly, is requi­red.

At a public auc­tion, the pos­si­ble mar­ket pri­ce for this place and time is deter­mi­ned accor­ding to a regu­la­ted pro­ce­du­re. Apart from this, the deb­tor can also bid.

As a gene­ral­ly publicly appoin­ted, sworn auc­tion­eer, we are sworn to our inde­pen­dence in the pro­cee­dings. We are obli­ged to pro­tect the rights of all par­ties invol­ved, inclu­ding tho­se of the deb­tors. You can find more details under Deb­tors’ rights.

No. Important note: If you as the rent deb­tor remo­ve some or all of the pled­ged items from the ren­ted pro­per­ty when a pledge of rights exists and the landlord/creditor has pre­vious­ly asser­ted the pledge of rights, you are lia­ble to pro­se­cu­ti­on as a rent deb­tor under Sec­tion 289 StGB. You run the risk of cri­mi­nal char­ges being brought against you.