The sale by adjudication to the highest bidder is the culmination of a real estate sale by public auction. This happens during a “forced sale” process initiated by a creditor, a credit organization, a bank or the Public Treasury, against a company in compulsory liquidation or an individual debtor. The sale by adjudication can also be carried out "by agreement of the parties" in the case of a succession when the heirs wish to put up for sale a property belonging to them in joint ownership.

Source: Glossary of real estate - Chambre Immobilière (chambre-immobiliere.lu)

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Source: Glossary of real estate - Chambre Immobilière (chambre-immobiliere.lu)

Describe the item and include any relevant details. Click to edit the text.

Source: Glossary of real estate - Chambre Immobilière (chambre-immobiliere.lu)