Bargains possible

How to profit from a forced sale

A lot of money is at stake in forced sales. Around 88 properties come under the hammer every year.(Bild: Krone krativ)

In the vast majority of cases, foreclosures are the result of both personal and economic dramas. But where there is shadow, there is usually also light. Because anyone can get a bargain in the district courts of this country. Krone+ explains how you too can find affordable property this way.

No crying widows, no sleazy businessmen - the bargain hunters were out in force at the Leopoldstadt district court in Vienna. The object of desire? An apartment in Nordwestbahnstraße with an estimated value of 290,000 euros. First asking price: 145,000 euros. The only problem: the doorman put a stop to any hopes of a good real estate deal: "The forced sale has been canceled," he told those present. Hanging heads. Not an isolated case. Two days later, an auction at the Hernals district court was also canceled.