Auction Limit Value Settings Fair Execution of Mortgage Rights

Abstract

Investment development always requires sufficient funds to meet planned needs, but not all of these funding needs can be met by entrepreneurs themselves. To meet these funding needs, entrepreneurs must seek solutions by borrowing funds from other parties, either unsecured or secured loans. Collateralized loans are generally made with financial institutions, in this case banks, acting as creditors, and entrepreneurs, acting as borrowers, commonly referred to as debtors. In essence, the auction price limit for mortgage execution can be seen from its status and function. The lower and upper limits are absolute requirements that must be present when submitting an auction application. Legislation prohibits mortgage execution auctions without a limit.