In a foreclosure auction, a stock of goods can be auctioned on the instructions of a pledgee (such as a leasing company or bank).

Real Estate

In a foreclosure auction, a creditor has the right to auction off real estate. The creditor has this right based on legal conditions, court decisions and/or private law agreements (such as the right of mortgage). This is the case, for example, if an owner can no longer pay for the property.