By Raphaël MORENON
23 March 2025
1. Principle and definition of re-bidding Terminological evolution: from irresponsible bidding to re-bidding Re-bidding replaced the term «irresponsible bidding» when the seizure of property procedure was reformed by Order 2006-461 of 21 April 2006. In the past, this term was used to refer both to unconsidered bids made by defaulting bidders and to proceedings brought against them to resell the property. The term «irresponsible bid» is still used in certain texts (in particular article 1278 of the Code of Civil Procedure), but it is gradually being replaced by more precise and technical terminology. Scope Re-auctioning refers to the re-sale of a previously awarded item when the successful bidder has not paid the price and costs within the allotted time. This mechanism applies to both real estate and personal property sales. It mainly concerns : Sales following seizure of property Sales following auction Sales of immovable property...
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