The sale of the pledged property is one of the basic directions of work of the Russian auction house. Task HAPPY is to organize an effective auction on sale of the pledged assets, which should minimize the loss of the lender in case of default of the borrower.
Russian auction house is engaged in realization of pledged assets in extrajudicial procedure. It is at the pre-trial stage of the sale of the pledged property brings the best financial result and can largely compensate issued on the loan funds.
Mechanism of effective trading allows banks
- Save time and promptly return the issued loan cash
- Keep the liquidity of pledged assets, and therefore to obtain for them at the auction the highest price
- Avoid the costs of maintenance and management of non-core assets