JUNGE · SCHÜNGELER · WENDLAND - Rechtsanwälte Partnerschaft

Areas of practice

Real Estate Utilization / Foreclosure Sale

The utilization of real estate property constitutes often the last remaining possibility for creditors to enforce and recover debts from debtors that are reluctant or incapable to clear the debt by themselves. In disputes regarding family and inheritance issues partial foreclosure sales can considerably contribute to the settlement of these disputes. The respective proceedings are determined by numerous legal characteristics.

In the context of real estate utilization we are cooperating for many years now with renowned financial institutions, national networks of real estate agents and a highly specialized debt collection agency, the ROTONDA Inkasso GmbH.

Our activities mainly focus on the following services:

  • Legal drafting concerning the creation of real estate security rights
  • Initiation and governance of extrajudicial marketing activities and property securisation measurements
  • Execution of direct sales of encumbered real estate property
  • Registration of execution liens
  • Preparation, introduction and monitoring of proceedings regarding forced administration and foreclosure sales
  • Representation of creditors and potential bidders in foreclosure auctions
  • Registration and enforcement of debts in hearings regarding the allocation of the auction revenues

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