The method of handling real estate for public auction by the courts differs greatly from that of ordinary real estate transactions. One of the most significant differences is that there is no system that requires prospective buyers of auctioned property to preview the property before bidding.
In addition, there is a major difference in that a person who has acquired a property for auction by bidding on the basis of the documents disclosed by the court cannot hold the previous owner responsible even if the delivered property does not match the contents of the documents in terms of type, quality or quantity.
However, if the previous owner knew of the non-existence of a thing or some right related to the auctioned property and did not offer it, or if the creditor knew of the non-existence of such a thing and petitioned for an auction, the acquirer of the auctioned property may be able to claim compensation for damages against the parties concerned.