Appraisal for foreclosure assets purpose to be used in setting up the price, notify the Legal Execution Department so that the creditor or debtor does not lose the right to set the property price, to be in the market price, as well as to be used as a criterion to be aware of their right on the day of the auction to allow the price of the last bidder to be knocked over at that auction due to the auction price would affect the profit and loss of the debtor and the creditor. However, according to the regulations of the Legal Execution Department, the debtor and creditor can submit the price of an independent appraiser to the committee to determine the price for consideration as a basis for setting the starting price of the auction.
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