ONLINE REAL ESTATE AUCTIONS. FEATURES OF ELECTRONIC TRADE IN DEBT PROPERTY

 Features of e-commerce is that in order to become a participant in the auction you must obtain an electronic digital signature. This type of trade has its advantages and disadvantages, which include the following: in electronic format it is possible to ensure fair competition of participants; possible reduction in the percentage of commercial conspiracies.

 Even due to some shortcomings in e-commerce of debt assets.

 Participants in such an online auction can be both private and public performers by gaining access to electronic offices, where they can learn about information on the sale of debt property. Through such e-cabinets, they have the opportunity to monitor the progress and results of such bidding. Thus, the sale of the seized property takes place in several stages.

 The first stage - the property is transferred for sale.

 First of all, determine the value of the property, through the indication in the court decision of the relevant information by the executor of enforcement proceedings. The sale of such property occurs after the assessment of such property.

 The private executor or the department of the state executive service enters information on the availability of debt property and appoints a custodian of debt property, which should be the debtor or a member of his family. If the property is transferred for storage to a state enterprise, such property is photo-recorded, and an acceptance-transfer act is drawn up, which is signed by the executor and the person who accepts the property for storage.

 The second stage - includes actions to prepare for the auction in electronic form.

 A fee of up to 5% of the value of the sold property is set for conducting and organizing electronic auctions. Thus, the deadline for preparation for the auction is determined, participants are registered and such property is inspected.

 The third stage is the actual registration of e-bidders.

 After the publication of the information notice for participation in the electronic bidding, the acceptance of applications begins, and the acceptance ends not earlier than 1 hour before the beginning of the bidding. Participants have the right to submit each application separately for a separate lot and pay a guarantee fee to the account of the state enterprise.

 After paying the guarantee fee, participants have access to an electronic cabinet through which electronic bidding will be conducted. As a result, information is published about the participants who will participate in electronic bidding, in the applications of which a personal number is determined and the date and time of such application is set.

 The fourth stage is electronic bidding.

 The organizer forms a lot on the basis of information received from state executors, who provide information about the property, such property determines the terms and sets the value of the bid at the auction. The powers of the participants include the right to inspect the lot, which provides free access to it; are entitled to an unlimited number of bets, and each must exceed the previous one.

 The end of trading takes place in the following cases:

• at the highest offer for the established property;
• for the sale of property at the starting price, if there were no other offers from the participants.

 The fifth stage is the official registration of the results of electronic bidding.

 The minutes are the result of the bidding, information on which is displayed on the official website.

 The sixth stage is conducting repeated electronic bidding.

 Bidding is repeated if the property has not been sold for the first time.

 The seventh stage - there is a calculation of the winner.

 The calculation is made on the basis of the protocol, within ten banking days from the date of determining the winner in electronic bidding. The settlement document indicates the lot number, which is paid by the winner.

 What is the mandatory requirement to avoid a refund?

 The winner provides the executor with the following documents:

• confirming the fact of payment of all amounts.
• protocol on electronic bidding.

 The artist then sends:

• the original of the act to the winner of electronic bidding not later than the next working day from the date of its approval;
• copies of the act to the debt collector, debtor and through the personal account of the department of the state executive service (private executor) to the organizer.

 Therefore, the buyer must carefully monitor how the auction takes place. But in the case of their transparency to make final calculations.