ericamai

On 9/26/2020 at 6:35 AM, alacrity said:

Without a reserve price at auction, it's possible that the assets can be sold for peanuts.

However, the outcome requires the legitimate owner to permit a concession of the reserved price (lift the reserve price). It all depends on their set minimum value for recovery.

Doubt the OP's friend will now have any significant influence on that. Perhaps a second 'Hail Mary' negotiation could be possible if the auction collapses.

 

Best that the OP has a conversation with the true owner, without committing to anything. Asking for any terms to be put in writing. Then visit a lawyer and file accordingly.

Did you even read my, the OP's post? How likely is it the OP is going to have a conversation with the 'true owner' aka Thief, given the aforesaid had been given a prison term and the house (asset) has already been seized to pay off, at least in part, the debt of compensation owing to me, the OP? And why would it be necessary given the aforementioned? Which of course includes a reserve price set by the Legal Executive Department.

It appears no one here knows either so I will bid you all adieu and just wait and see.

On 9/24/2020 at 4:12 AM, Peterw42 said:

I imagine you haven't got this far without a lawyer, why dont you ask them.

Of course. I have had a veritable plethora of 'had your money now do the work yourself' lawyers. But let's not get sidetracked shall we.

On 9/24/2020 at 3:55 AM, ThailandRyan said:

Why must it be sold, is this to process the judgment issued by the court. Why not just ask to have the property as is to satisfy the judgement and have the court evict them.

The court adjudicated in my favour and awarded them a prison term and me compensation for my loss. The only way the amount of compensation can be accrued is through sale of assets. If they'd had no assets, no compensation. It transpires the plaintiff in the seizure is the prosecutor, not me directly. The prosecutor then passes any proceeds of sale to me.

On 9/24/2020 at 3:47 AM, VyacheslavKHV said:

The property will be put for sale in a new auction. 

I had spoken with a woman who is in the process of having her house repossessed by a bank from whom she'd borrowed to buy. She told me that if her property did not sell, the bank would try to sell again. By what means I was unable to elicit a response. The word 'how' is anathema to Thais. Her case differs from mine in that hers is a civil suit, mine criminal, although I'm not sure that makes a difference. She told me she had ten years before being kicked out, when some type of statute of limitations expires. 

In my case he led site says it takes the property off of the list after the fourth auction, but not what happens to it after. It has already been seized, so my question is, are you saying they wait a period of time before re-listing it? do you know how long that period of time is? Months? Years?

Thank you for taking the time to respond.

The Legal Executive Department seized the house of my opponent in a criminal law suit to sell in order to compensate me for my loss of property by theft. It is now listed for auction on their led site. I see there are four dates given stretching over three months. I also note that if the property doesn't sell on the last listed date, the property is withdrawn from their list. Can anyone tell me what happens in the eventuality it doesn't sell? Can I throw them out and sell it myself, or do they just give up?