Regulations for the Auction of Domestic Land and Improvements Acquired by Foreigners That Are Not Used in Accordance with Regulations Article 21

After the bid winner completes payment for the auctioned land and improvements in accordance with the auction terms and conditions,the municipality or country(city) government shall issue a transfer of title to the bid winner and notify the land office and central competent authorities. If a mortgage is being taken out, the municipality or country (city) government shall first pay off mortgage guaranteed debts and request the land office to revoke the mortgage registration and auction registration.The bid winner must individually apply for the register of right transfer at the land office with the above transfer of title.