Articles on Japanese
Foreclosure Properties:

Escapeartist
Getting Rich In Japan
Japan Inc.
Frugal Japan



Other Links
.

The Auction Process

 
We make the auction process easy and straightforward for you.
  • The courts process distressed properties and list all properties available for public tender.
  • The court establishes the value (usually very underrated).
  • A deposit is necessary to place a bid.
  • Bids are accepted until a specified time.
  • About one week after the bidding period finishes, the bids are opened in public and all bids are posted.
  • The highest bidder wins the right to purchase the property.
  • Unsuccessful bidders have their deposits returned in full.
  • The balance is usually due within one month for the winning bidder.