Viewing of a house in case of a foreclosure sale; a future change in the law should simplify this

Legal news

During the foreclosure sale of an immovable property, a mortgagee is sometimes confronted with a mortgagor who refuses to grant potential buyers access to the building. Such a refusal may (negatively) influence the proceeds of the immovable property. After all, potential buyers are not very likely to buy a building at an auction without the possibility of a viewing, which may result in missing out on buyers. In addition, there is the risk that potential buyers will make a lower offer if they have been unable to inspect the immovable property. Legislature has been trying to find a solution to this for some time now.