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Real estate auctions in Italy are procedures organized by the Court to sell, at the best possible price, a property subject to foreclosure by the owner's creditors, or resulting from a company bankruptcy, or from an inheritance when the co-owners cannot reach an agreement on management or sale. The procedure involves the appointment of a Custodian, who manages the property during the process and, if necessary, clears it of any occupants, and a consultant who prepares an appra