With the exception of cases in which the assets have been assigned to a third party, pledged immovable property may only be sold by private sale with the consent of the mortgagees whose claims are not covered by the purchase price. Otherwise, the property must be realised by public auction (Arts 134–137, 142, 143, 257 and 258). The schedule of claims (Art. 321) is decisive for the existence and ranking of the encumbrances on the property (easements, real burdens, mortgages and registered personal rights).
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