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Audience de surenchère

English translation: re-auction following higher bid [made within 10 days]

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
French term or phrase:Audience de surenchère
English translation:re-auction following higher bid [made within 10 days]
Entered by: B D Finch

08:47 Nov 3, 2016
French to English translations [PRO]
Real Estate / Seizure and foreclosure
French term or phrase: Audience de surenchère
I'm looking for a translation of the above term. I understand it to mean a type of hearing that happens once a court-supervised auction of a seized property has taken place and a higher bid has subsequently been made. Any good suggestions welcome.
Beibhinn Dunne
United Kingdom
Local time: 23:46
re-auction following higher bid [made within 10 days]
Explanation:
This is a peculiarly French system, so we don't have a specific term for it in English. There is no 10-day waiting period for a 10% higher bid after British auctions.

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Note added at 1 hr (2016-11-03 10:44:45 GMT)
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Depending upon your context, you may want to give more or less information, e.g. that it is a legal requirement to re-auction following receipt of a 10% higher bid made within 10 days of the original auction.
Selected response from:

B D Finch
France
Local time: 00:46
Grading comment
3 KudoZ points were awarded for this answer



Summary of answers provided
4 +2re-auction following higher bid [made within 10 days]
B D Finch
3 -1audience of overbid
bildiricimehmet
Summary of reference entries provided
writeaway

  

Answers


31 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): -1
audience of overbid


Explanation:
this a suggestion i have made, this is a seance of auction

bildiricimehmet
Türkiye
Local time: 01:46
Native speaker of: Native in FrenchFrench, Native in TurkishTurkish

Peer comments on this answer (and responses from the answerer)
disagree  AllegroTrans: audience is a false friend; and "seance of auction" is not English; also "I" is always capitalised
2 hrs
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1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
re-auction following higher bid [made within 10 days]


Explanation:
This is a peculiarly French system, so we don't have a specific term for it in English. There is no 10-day waiting period for a 10% higher bid after British auctions.

--------------------------------------------------
Note added at 1 hr (2016-11-03 10:44:45 GMT)
--------------------------------------------------

Depending upon your context, you may want to give more or less information, e.g. that it is a legal requirement to re-auction following receipt of a 10% higher bid made within 10 days of the original auction.


    https://www.justlanded.co.uk/english/France/Articles/Property/Buying-at-Auction
B D Finch
France
Local time: 00:46
Specializes in field
Native speaker of: English
PRO pts in category: 271

Peer comments on this answer (and responses from the answerer)
agree  AllegroTrans: one could say "court-ordered re-auction....etc" for clarity
54 mins
  -> Thanks AT. I suspect that only the original auction needed to be court-ordered, not the re-auction.
agree  writeaway: It's not just French. The same thing applies in Belgium with public sale of property. It's optional, not court-ordered.
2 hrs
  -> Thanks writeaway
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Reference comments


35 mins peer agreement (net): +3
Reference

Reference information:
http://www.dictionnaire-juridique.com/definition/surenchere....

Après l'audience d'ajudication
Le jour de l’adjudication, si vous êtes le dernier enchérisseur, il vous faudra attendre 10 jours, pour que la vente devienne définitive, puisqu’en effet pendant 10 jours n’importe qui peut faire une surenchère du 10ième du montant de l’adjudication, surenchère qui aboutit à la mise en vente une nouvelle fois, à une nouvelle audience du même bien, avec de nouveau des mesures de publicité.
En cas de surenchère, bien entendu la 2ième audience d’adjudication est également publique, et toute personne peut y participer aussi bien l’adjudicataire évincé, que des personnes qui n’ont pas participé aux enchères.
http://www.avocats-ariege.fr/detail/3/les-encheres-comment-c...

writeaway
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 90

Peer comments on this reference comment (and responses from the reference poster)
agree  mchd
12 mins
agree  B D Finch
1 hr
agree  AllegroTrans
2 hrs
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