At a court auction, the sale of an apartment in Eunpyeong-gu, Seoul, was sold for a whopping 670 billion won.
670 billion won for one apartment.
You wonder how grand it is, right?
However, the appraisal value of this item was 800 million won, and the lowest sale price was 640 million won once it was sold.
It turns out that the bidder tried to spend 670 million won, but accidentally pasted three more zeros, and it was sold at a high price of about 1000%.
The bidding table for the auction date must be handwritten with the case number, name, and bidding price, but it is said that it cannot be modified after submission.
The bidder has submitted an application for "disapproval of sale" to the court, and in principle, the mistake of drawing up the bidding table is not a reason for disapproval of sale, so it is highly likely that it will not be accepted.
Then the bidder eventually gives up the contract, and then you lose a bid deposit of 64 million won, which is 10 percent of the appraised value.
According to an industry official, it is quite common to send a deposit by misusing the auction bid amount.
It's a mistake that occurs once a month,
"If you write it in a bidding court, you're likely to be nervous and make a mistake, so it's safest to fill out a bidding table at home in advance and take it to court," an auction expert
advised.
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