1. The Execution Judge shall, on the day specified for the sale, supervise the conduct of the auction, and they may not proceed with the auction until it has been ascertained that the judgment under which execution is being made has become final. 2. If one or more purchasers come forward at the first sale hearing, the Execution Judge shall, at the end of the period specified for the auction, approve the highest bid, on condition that it is not less than the basic price specified by the expert, together with costs, and if the bid is less than that amount or if no purchaser comes forward at the hearing, the Execution Judge shall make an order deferring the sale to the following day at the same place and for the same period specified for the auction, and if no purchaser comes forward at the second hearing with the basic price, the Judge shall adjourn the sale to the following day, with a reduction in the basic price in an amount of (5%), and then to the following session and likewise with a reduction of the price by (5%) on each occasion, and if the total of the reduction reaches (25%) they shall defer the sale for a period of the following three months, and the advertisement procedures shall be repeated, in which case the real property shall be sold at the highest bid, provided that it is not less than (50%) of the basic price determined by the expert. 3. The sales session in the concept of this Article includes the electronic session.
Interpretation and application must be checked against the official text and current version.