Enforced sale of a housing company share in Karhuvuori, Kotka, Kotka

Specific terms of sale

Method of submitting bids

The property will be sold by ascending bids in an online auction held on the www.huutokaupat.com website between 7 October and 28 October 2026. Registration is required to participate in the auction. The deadline for submitting bids is 28 October 2026 at 18:00, or two minutes after the last accepted bid.

The National Enforcement Authority Finland 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 enforcement officer will separately decide whether to accept or reject the highest bid.

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

If it is not possible to submit purchase offers through the Huutokaupat.com service, a prospective buyer may submit a written purchase offer to the enforcement authority, which will be included in the online auction as a maximum bid in accordance with the automatic bidding system. The written offer must be signed and state the bidder’s contact details, the maximum amount of the offer and the item number on Huutokaupat.com to which the offer relates. A written purchase offer is binding and is subject to the same terms as an online auction. The offer must be submitted by 22 October 2026 at 10:00 to the Kouvola office of the National Enforcement Authority Finland, 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 is accepted, the bidder must pay the offered purchase price within the stated payment period. Failure to pay the offered purchase price may result in 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% of the purchase price into the National Enforcement Authority Finland’s official account. The deposit cannot be paid by credit card. The National Enforcement Authority Finland will contact the highest bidder whose bid has been accepted. The highest bidder must state on whose behalf the bid was made. Otherwise, the highest bidder will be deemed to be the buyer.

Payment period

A payment period for the balance of the purchase price may, if necessary, be granted until 18 November 2026. The payment period will be notified separately. If a payment period is used, annual interest must be paid on the entire purchase price in accordance with section 3(2) of the Interest Act for the entire agreed payment period, from the date of sale until the end of the payment period.

If the payment period is not used, the purchase price must be paid without delay after acceptance of the bid.

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

Other information

Any housing-company receivables encumbering the apartment for sale, and any share of the housing-company loan, will not be paid from the purchase price in any respect. The purchase price is therefore not a so-called debt-free price. The buyer must independently ensure the payment to the housing company of obligations relating to the apartment for which the buyer is responsible. Bids submitted in the online auction must take these matters into account.

The amount of the receivables may increase during the sale procedure through housing-company charges falling due, other charges, interest accruing on them and similar items. Under Chapter 3, section 7 of the Housing Companies Act, the new owner’s maximum liability equals the total amount of the housing-company charge for the month in which ownership transferred and the five immediately preceding months.

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

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

Buyers are advised to inspect the property for sale, the sales prospectus and the attached documents carefully before making a bid.