Seized housing share (2 rooms + kitchen) in Karhuvuori, Kotka, Kotka

Specific terms of sale

How to submit bids

The object is sold by upward bids in an online auction held on the www.huutokaupat.com website during 15/06/2026–06/07/2026. Participation in the auction requires registration. The deadline for submitting bids ends on 06/07/2026 at 13:00 or three minutes after the last accepted bid.

Bids are made on the purchase price, which does not include any share of the housing company's loan attributable to the flat or any service charge arrears payable by the buyer.

The Enforcement Authority is not responsible for the operation of the service provider's system. The highest bid is the bid that the service provider's system has accepted as highest. The bailiff will decide separately whether to accept or reject the highest bid.

The enforcement authority reserves the right to end the sale or to extend the sales period by decision of the bailiff at the creditor's request.

Bids submitted in the online auction are binding. If an accepted bid is not paid, the bidder is liable to pay the offered purchase price within the agreed payment period. Failure to pay the offered purchase price may give rise to the buyer's liability for compensation under Chapter 5, section 25 of the Enforcement Code. The buyer must compensate the difference if the highest bid in a subsequent sale is lower than the previous highest bid plus the interest referred to in Chapter 5, section 24(2) of the Enforcement Code. If a higher bid is made, the buyer has no right to any surplus. The buyer must also reimburse the costs of the later sale unless they are covered by the surplus. The bailiff shall collect the said compensation from the deposit or other assets of the buyer if reasonably possible. Otherwise, the compensation will be collected later by decision of the bailiff at the creditor's request.

If it is not possible to submit purchase bids via the Huutokaupat.com service, a prospective buyer may submit a written offer to the enforcement authority, which will be attached to the online auction as a maximum bid according to the automatic increment rules. The written offer must be signed and must state the bidder's contact details, the maximum offer amount and the Huutokaupat.com item number to which the offer relates. The written offer is binding and is subject to the same conditions as the online auction. The offer must be submitted no later than 01/07/2026 at 12:00 to the mailbox in the foyer of the Enforcement Authority's Kotka office at Vuorikatu 5 C, 48100 Kotka, or by email to kouvola.realisointi.uo@oikeus.fi.

Payment terms

Deposit

If the highest bid is accepted, the buyer must immediately pay a deposit of 20% of the purchase price to the Enforcement Authority's official account. The deposit cannot be paid by credit card. The Enforcement Authority will contact the maker of the highest accepted bid. The highest bidder must state on whose behalf the bid was made. Otherwise, the highest bidder will be considered the buyer.

Payment period

A payment period for the remaining purchase price may be granted, if necessary, until 27/07/2026. The payment period must be agreed separately. If a payment period is used, annual interest under section 3 of the Interest Act shall be charged on the whole purchase price for the entire agreed payment period from the date of sale until the end of the payment period. If no payment period is granted, the purchase price must be paid immediately after the acceptance of the bid.

If payment is not made within the specified time, the buyer shall pay default interest in accordance with section 4(1) of the Interest Act on the whole purchase price until the purchase price has been paid or a new sale has been completed. The current rate of default interest is 9.50%.

Obligations and rights transferred to the buyer

The flat has been taken into the company's possession for three years by a shareholders' meeting decision dated 12/12/2023, commencing on 28/02/2024 and ending on 28/02/2027 (not rented at present; the flat is vacant). According to the housing company, the flat can be released from the company's possession once all arrears have been paid.

Under the Housing Companies Act, the new owner has the right to obtain possession of the flat before the end of the possession period if the buyer pays the costs incurred by the company for taking the flat into possession, any costs incurred by the company for repairing the flat, unpaid maintenance charges and those maintenance charge items that fall due for the shareholder during the period of possession.

According to the property manager, the buyer's liability amounts to €6,240.08 as at 01/06/2026. At the moment of transfer of the shares' possession/ownership, the above-mentioned arrears, charges and costs with default interest may be higher than stated. The above receivables will remain payable by the new buyer and will not be paid from the purchase price.

Share of the housing company's loan attributable to the flat

In addition to the cash purchase price, the buyer will be liable for the housing company's loan share attributable to the flat amounting to €3,211.00 as at 31/03/2026. This loan share remains payable by the buyer and will not be paid from the purchase price.

Other information

The property is seized and is sold by the bailiff by free sale, observing, where applicable, the general auction conditions laid down in the Enforcement Code. The sales brochure is indicative and does not provide a comprehensive description of the object for sale.

Buyers are strongly advised to familiarise themselves thoroughly with the sale item, the sales brochure and the attached documents before making a bid.