Sale of property of debtors by Sberbank - auctions, procedures and recommendations

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

When applying for large loans, it is often required to provide collateral in the form of movable and immovable property. This object becomes the property of the mortgagee. In case of violation of the terms of the contract, the formation of debt, the bank sells such objects at attractive prices. How is the sale of property of debtors by Sberbank carried out?

Definition

Objects transferred as collateral for assumed obligations are considered collateral. Such can be not only real estate, but also special equipment, equipment, vehicles, goods in circulation. In the event of an overdue debt on a loan, the object becomes the property of the bank, which then sells it. Objects are exhibited at interesting prices. Their implementation allows the company to pay off its obligations.

Most often in Russia, the sale of collateralized property of debtors is Sberbank and other financial institutionscarried out through an auction. The initial price of the object is very attractive, so there are many people who want to take part in the auction. All participants are pre-accredited.

“Sberbank AST” - sale of bankrupt property: procedure

Several schemes for the implementation of objects are practiced: judicial, extrajudicial and by agreement. Sberbank sells collateral property through an auction, which allows you to get the maximum possible amount of money for the property. You can get acquainted with the list of exhibited objects on the website of a financial institution or from aggregators that collect information from several banks. Trades are carried out on an electronic platform. To participate in the process, you need accreditation, available even to individuals.

Property of debtors and bankrupts Sberbank exhibits on its electronic platform JSC "RAO". She works around the clock. Potential buyers first view the properties on the platform. If they find interesting offers for themselves, then they need to contact a bank representative and fill out applications. After their approval, the organizers inform the participants of the time of the auction. Notifications about all objects of interest are sent to the e-mail of each participant. Authenticity of intentions of clients is checked as follows. All bidders must leave a deposit, which can then be used as an advance on the purchase of the object. Usually it is 10% of the original cost of the object.

In the section“Pledged property” contains information about all objects offered for sale: their brief description, price, location and features. Sberbank conducts auctions for the sale of property of debtors in the following order. During the auction, each object is assigned a serial number. To track bids online, buyers must set automatic updates. The one with the highest bid wins. At the end of the auction, bids are accepted for another 10 minutes. This determines the person who will be able to redeem the confiscated property if the winner refuses the deal.

The price of an object is formed in two ways:

• bids of all participants are visible in the open auction;
• in closed auctions, bids are visible only after the end of the auction.

All bets must exceed the starting price set by the bank.

Insurance

One of the advantages of buying a collateral object in Sberbank is that the borrower can insure the property in any company that meets the requirements of the bank. The financial institution offers customers a list of organizations that have been accredited. Policies can be purchased directly at the bank's office by choosing one of the available service packages. Proposals for the execution of an agreement in a non-accredited company will be considered within 30 days from the date of submission of documents. In this sequence, the sale of property of debtors by Sberbank is carried out.

Benefits

• Property saledebtors of Sberbank is carried out after a thorough check of the suitability of the object for use, which is a guarantee of quality.
• The cost of the collateral object is much lower than similar on the market.
• The sale of property of debtors is carried out through Sberbank-AST. It is a simple and easy to use platform.
• Electronic trading system saves a lot of time on making a deal.
• All participants have the same rights.
• Legal entities and individuals can participate in the auction.
• You can follow online bets from anywhere in the world.

Features

If the bank did not conduct a thorough check or violated the procedure for the alienation of property, then questions may arise with the execution of the transaction. In order not to encounter such problems, you need to independently check the object or at least ask the sellers about the availability of all documents for the object.

Sale of vehicles

Not only real estate, but also vehicles can be pledged. Cars can be sold in two ways. Or the owner himself puts the vehicle up for sale in order to pay off obligations in a short time. Or this is done by a financial institution in the same way as the sale of property of debtors of Sberbank is carried out. Trading is also carried out through an electronic platform. If the borrower himself advertises the sale, then the transaction is processed much faster.

Afterpayment for the object, you need to do the paperwork:

• Requirement for the seller to release the vehicle.
• Act of bidding.
• Regulation on deregistration.
• Power of attorney from the vehicle owner.
• Remove the object from the register in the Ministry of Justice.

Scheme

Everyone who wants to buy a car submits a preliminary application and pays for participation in the auction (held once a month). All collateral objects of the bank are displayed on it. The process is the same as the sale of collateral. Before the auction, the judge offers the borrower to return the debt in order to avoid the sale of the object. If he refuses, then the auction begins.

Recommendations

Sometimes financial institutions artificially inflate the value of property to the full amount of the loan. In order not to overpay the bank, before the start of the auction, you should study the object in detail on the official sites: Sberbank AST and RAD. The same information can be obtained through electronic trading operators. The VKUPAY. RU, Pledge24 and RuVin portals contain all information about collateral objects, their status and prices. Technical characteristics and photographs of objects from different angles are also exhibited here. The legal aspects of the transaction will help clarify the legal advice (1-2 thousand rubles).

What should I pay attention to?

Before the sale, the vehicle is MOT. The buyer receives the car with a deadlineguarantees. A banking institution is engaged in paperwork. The cost of the object is 20%, and sometimes 50% below the market value. If the owner does not know about the confiscation of the object, then it is possible that the vehicle is listed as stolen, and the transaction itself can be challenged in court. Very often, such objects come up for auction from owners who are not serious about buying. To protect yourself from possible problems, you need to make sure that the alienation of property was carried out legally.

What a potential buyer needs to know?

At the end of the auction, the winner must redeem the object within 10 days. If he does not have enough funds, then he can take a loan from a bank on favorable terms. Only after paying for the property, the process of registration of documents for the property begins. The winner of the auction becomes the owner of the object. In practice, not all bid winners buy properties. The fact is that the opportunity to evaluate the goods appears only after the auction. This is a big disadvantage of this implementation method.

Market situation

The last two years there has been an imbalance in the banking sector. Less and less loans are being issued, and the number of collateral received on defaulted loans is growing. At the same time, the number of positive property abandonments increased. Borrowers themselves want to quickly repay the debt, so they put up objects for sale voluntarily. According to the Federal Bailiffs Service, in 2015, 20 times more properties were put up for sale incompared to 2014. The situation with vehicles is also the same.

Due to the growing amount of debt, banks have begun to use new implementation schemes. "VTB" put all the property under the hammer, announcing the sale of hundreds. Half of the objects were sold at open auctions and the same number through the "Single electronic trading platform". At what auctions were held at different times.

Trading is not the only way to sell objects. Raiffeisenbank searches for clients on its own. The most illiquid properties are sold through real estate companies. DeltaCredit and Rosbank work according to the same scheme. Clients of Otkritie Bank also agree to sell objects out of court. The website of the financial institution provides a list of collateral. It can be purchased by both an individual and an individual entrepreneur or company. If there are several buyers for the object, then the one who offers the largest amount wins. However, there is no pure auction.

In Absolut Bank, problematic objects are sold at face-to-face auctions, the minimum number of participants is two. Each of them must make an advance payment of 5% of the value of the object. This amount is sent to the winner as a deposit from the purchase, and the money is returned to the loser. According to statistics, during auctions, lots rise in price by 20-150 thousand rubles.

Conclusion

There is nothing illegal or unusual about selling mortgaged real estate. Many banks use this scheme. The main advantage of working with Sberbank isgreat service. The site interface is simple and clear. A beginner can also master the trading platform. The performance of operations will not leave anyone indifferent.