Bank-owned apartment shares in Karhuvuori, Kotka, Kotka

Sale terms specific to this case

Submission of bids

The property is sold by increasing bids in an online auction held on www.huutokaupat.com from 2.9.-23.9.2026. Participation in the auction requires registration. The deadline for submitting bids ends on 23.09.2026 at 16.00, or three minutes after the last accepted bid.

The Enforcement Authority is not responsible for the functionality of the service provider’s system. The highest bid is the bid that the service provider’s system has accepted as the highest. The bailiff decides separately whether to accept or reject the highest bid.

The enforcement authority reserves the right to end the sale or extend the sales period.

If it is not possible to submit bids through Huutokaupat.com, a prospective buyer may submit a written bid to the enforcement authority, which will be included in the online auction as the maximum bid according to the automatic bidding system. The written bid must be signed and state the bidder’s contact details, the maximum amount of the bid, and the item number on Huutokaupat.com to which the bid relates. The written bid is binding and the same terms apply as in the online auction. The bid must be submitted no later than 21.9.2026 at 12.00 to the Kouvola office of the Enforcement Authority, address Vuorikatu 1, 45100 Kouvola, or by email to kouvola.realisointi.uo@oikeus.fi.

Bids submitted in the online auction are binding. If a bid made is accepted, the bidder is obliged to pay the offered purchase price within the stated payment period. Failure to pay the offered purchase price may lead to the buyer’s liability for compensation under Chapter 5, Section 25 of the Enforcement Code.

Payment terms

Deposit

The buyer must immediately pay a deposit of 20 per cent of the purchase price into the Enforcement Authority’s official funds account. The deposit cannot be paid by credit card. The Enforcement Authority will contact the bidder of the highest accepted bid. The bidder of the highest bid must state on whose behalf the bid was made. Otherwise, the bidder of the highest bid will be deemed the buyer.

Payment period

If necessary, a payment period may be granted for the remaining purchase price until 14.10.2026. Any payment period must be agreed separately. If a payment period is used, annual interest in accordance with Chapter 3, Section 7, subsection 2 of the Interest Act must be paid on the full 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 used, the purchase price must be paid without delay after acceptance of the bid.

If payment is not made within the specified time, the buyer must pay default interest on the full purchase price in accordance with Chapter 4, Section 1 of the Interest Act until the purchase price has been paid or a new sale has been carried out. The current default interest rate is 9.50%.

Other information

No housing company receivables or share of the company loan burdening the apartment being sold will be paid from the purchase price. The purchase price is therefore not a so-called debt-free price. The buyer must themselves ensure payment to the housing company of the obligations related to the apartment for which they are responsible. Bids in the online auction should be set with these factors in mind.

The amount of the receivables may increase during the sale process due to overdue maintenance charges, other payments and interest accrued on them, etc. Under Chapter 3, Section 7 of the Housing Companies Act, the maximum liability of the new owner is equal to the total amount of the maintenance charges for the month in which ownership was transferred and the five immediately preceding months.

The buyer is liable to pay transfer tax of 1.5%. The amount of tax is calculated on the total of the purchase price and the obligations transferred to the buyer’s responsibility as of the date of transfer of ownership.

The property has been seized and is sold by public sale conducted by the bailiff, applying as appropriate the general auction terms laid down in the Enforcement Code. The sales brochure is indicative and is not a comprehensive description of the property.

Buyers are advised to familiarise themselves carefully with the property, the sales brochure and the attached documents before making an offer.