Corpus Capital
Judicial auctions
Advice to private investors at judicial auction and negotiation of obligations with financial institutions, from reading the court file to taking physical possession of the asset.
A judicial auction is the mechanism by which a judge orders the forced sale of an asset to pay a judicially recognised debt, governed by the Código General del Proceso. The model is advisory: each investor commits their own capital and decides their own bid; Corpus Capital runs the entire legal process.
In short
Documents and asset status
1Court file and land registry certificate
3Encumbrances and surplus proceedings
4Occupation
1Court file and land registry certificate
Review of the court file and of the land registry certificate.
2Minimum bid
Against the final valuation and the market value of the asset.
3Encumbrances and surplus proceedings
Current encumbrances and surplus proceedings active over the asset.
4Occupation
Occupation status and the route to physical possession.
5Total cash required
Beyond the bid itself: reimbursable liabilities on the asset (admin fees, property tax and pending utilities), a contingency fund, the financial-transactions levy, land registry (ORIP) fees, the departmental charity tax, notary costs and the land registry certificate, and the auction tax. The bid is not the outlay.
6Auction hearing
Attendance at the auction hearing.
7Deed and land registry (ORIP)
Handling the deed and liaison with the land registry.
8Physical possession
Follow-through until physical possession of the asset.
What the service covers
- Review of the court file and of the land registry certificate
- Bid strategy, verifying reimbursable liabilities and any encumbrances or surplus proceedings active over the asset
- Attendance at the auction hearing
- Handling the deed and liaison with the land registry (ORIP)
- Follow-through until physical possession of the asset
What is analysed before a bid is recommended
- Minimum bid against the final valuation and the market value of the asset
- The creditor’s liquidated claim: it determines whether they have an incentive to bid
- Current encumbrances and surplus proceedings over the asset
- Occupation status and the route to physical possession
- Total cash required to sustain the bid
What the investor receives
- An opportunity sheet per asset, dated and referenced
- Bid scenarios according to the competition expected
- Total cash required, and the bid at which the margin reaches zero
- Any checks still outstanding before the hearing
Direct purchase
Where the viability study reveals uncertainty over title or over the proceedings, we assess with the client whether to negotiate a direct purchase of the asset from the owner or their creditors. That work is quoted separately. Opportunity sheets are released once the engagement is formalised and do not disclose the case number, the parties, the court or the registry folio.