If you want to achieve financial freedom, this book is the answer!
Auction from start to finish, explained by a 20-year veteran
A practical, practical guide to real-world auctions, free from the illusions and exaggerations of "short-term," "small investment," and "high returns."

For a proper auction, you need to look at everything from litigation, collection, and registration to get a complete picture.
This book is based on the author's practical auction experience, acquired through intense struggles over the past 20 years. Therefore, it is a comprehensive technical book that even non-law majors can understand and apply in real-world auctions.

What should be done if the debtor is unable to repay the creditor on the agreed date?
If all the banks were to go bankrupt, would the debtors' debts be forgiven?
What if the subordinate tenant makes a subrogation payment?

By reconstructing real-life cases, the book provides practical guidance on how to deal with various situations that arise during auctions, particularly when a debtor requests a stay of execution or when it becomes difficult to recover the deposit.

'This is no longer the place I should be.
I came to my own conclusion that I could survive in the outside world if I knew about the efficient investment system called auction in a capitalist society, and I boldly retired.

--- p.7

Success is a process that requires going through countless failures before the next path opens up.
This book was written based on the author's 'real-world' auction experience, acquired through fierce struggles over the past 20 years.

--- p.8

An auction is a procedure in which the state uses its public power to execute the debtor's property at the request of a creditor based on a judgment.
In our legal system, the Civil Procedure Act governs the litigation process, and the Civil Execution Act governs enforcement.
So, to properly understand auctions, you must first study the Civil Procedure Act and the Civil Execution Act.

--- p.14

Recently, amidst the frequent occurrence of jeonse fraud cases, there are many cases where tenants who have not received their deposit back from their landlords file a lawsuit for the return of their rental deposits, win the lawsuit, and then use this as a basis to force the court to auction off the landlord's real estate. This type of auction case is called a forced auction. A forced auction is an auction in which a court seizes the debtor's property upon the application of a creditor with a right of execution (final judgment, payment order, reconciliation agreement, etc.) and sells the real estate in accordance with the Civil Execution Act procedures, using the creditor's power to exercise coercion over the debtor's property in order to collect a debt.

--- p.22

A tenant who entered into a lease agreement and registered a business with the tax office before the right to cancel the lease and then occupied the building has the right to object.
That is, if the opposing tenant does not demand distribution or does not receive the full amount of the deposit, the successful bidder must take over.
Additionally, if you receive a confirmation date from the tax office, you will have priority over subordinate creditors.
--- p.48

Auction distribution is an act in which a court sells the debtor's real estate to all interested creditors and then distributes the proceeds from the sale in a set order.
The auction distribution date is set approximately 30 days after the successful bidder pays the balance. Since the property is sold at auction rather than through a general sale, the sale price is lower than the appraised value, and the proceeds to be distributed to creditors are accordingly limited.
Therefore, there is a sharp conflict of interest between the subordinated creditors whose dividend order is delayed.
Therefore, the court shall distribute the proceeds strictly in accordance with the provisions of the Civil Execution Act.

--- p.60

The easiest way to evict a tenant, such as a debtor or tenant, is to negotiate moving expenses.
However, problems sometimes arise when the tenant demands an unreasonable moving fee or insists on a long-term stay of more than six months.

--- p.70

When the successful bidder and the occupant agree to a title transfer by paying a certain amount of moving expenses, a title transfer agreement should be written if possible.
Once you have an agreement in writing, it has the effect of pressuring the other party to comply.
At this time, the agreement must include a clause requiring the occupant to settle all unpaid management fees and utility bills.

--- p.73

Anyone who wins a public auction can encounter unexpected situations.
For example, ① the debtor's application for suspension of auction execution, ② subrogation payment by a junior lessee, ③ sudden filing of lien, ④ registration of the first-priority right holder expected to be cancelled, ⑤ victory in the main lawsuit by the first-priority provisional disposition right holder, etc.
In particular, if a person suddenly appears claiming a valid right of retention after the successful bid, the successful bidder must sell the property before the decision to permit the auction sale is made.
An application for cancellation of a sale refusal or sale permit decision must be filed immediately with the execution court, and the application for sale cancellation must be received to recover the bid deposit.

--- p.104

A payment order is a simplified civil procedure that orders payment to the debtor without a hearing if the creditor's claim for payment of a certain amount of money, other fungibles, or securities is deemed justified.

--- p.135

If a creditor secures a right of execution by obtaining a payment order or winning a civil lawsuit, what specific methods are available for collecting (enforced execution) against the debtor? In other words, what are the detailed procedures for debt collection?
--- p.166

A copy of the register of real estate is a public ledger that records the ownership and rights relationships and general status of real estate.
You can check the land number, land type, structure, area, and whether there are any rights such as mortgage, lease, or attachment, so be sure to check before bidding at an auction.
Just do it.

--- p.192

The biggest problem with the jeonse system is that the deposit is so high that if the landlord goes bankrupt and the property goes to auction, the worst-case scenario could occur where tenants, whose jeonse deposit is essentially all their assets, do not get their deposit back.
Here, let's look at the main rights of a leaseholder as stipulated in the Housing Lease Protection Act: 'right of resistance' and 'right of priority payment.'

--- p.265

In order for a tenant to force a landlord to return the deposit, the landlord must obtain a writ of execution from the court stating that “the landlord will return the deposit to the tenant.”
If the tenant wins the judgment, that is, the writ of execution, the landlord can auction off the house he cherishes most at will.
Afterwards, the tenant can recover all or part of the deposit through a forced auction distribution procedure.
There are two main ways to obtain a 'commission' to get your deposit back from your landlord.

--- p.284