Judicial Sales in St. Lucia February 2025: A Guide for Interested Buyers
Are you looking for an opportunity to invest in real estate at competitive prices? Judicial sales present a unique chance to acquire properties through an auction-style process. The Registry of the Supreme Court in St. Lucia has announced the list of properties set for Judicial Sale in St. Lucia February 2025. This article provides essential information about these sales, including property details, the auction process, and how you can participate.
What is a Judicial Sale?
A judicial sale is a public auction in which properties are sold to the highest bidder under the supervision of the court. These sales typically involve properties that have been repossessed due to unpaid loans or legal disputes. The auction is open to the public, and anyone who meets the requirements can bid.
Properties Available for Judicial Sale – February 2025
1. Republic Bank (EC) Limited v. Mounzr Saloum & Curtrisse Saloum
- Case Number: SLUHCM2021/0012
- Property Location: Laborie (Block & Parcel 0420B 176)
- Auction Date: February 2025 (Exact date to be confirmed)
- Case Number: SLUHCM2021/0012
- Property Location: Vieux-Fort (Block & Parcel 1217C 512)
- Auction Date: February 2025
2. Ascendancy Caribbean I Ltd v. Armanada St. Brice
- Case Number: SLUHCM2022/0036
- Property Location: Black Bay, Vieux-Fort (Block & Parcel 0819B 223)
- Auction Date: February 2025
3. Bank of Saint Lucia Limited v. Nancy Judith Antoine
- Case Number: SLUHCV2005/0591
- Property Location: Ciceron, Castries (Block & Parcel 0646B 425)
- Auction Date: February 2025
4. A Solution Inc v. Sylvia & Sergio Gervasutti
- Case Number: SLUHCV2020/0298 (formerly 926/1997)
- Property Location: Rodney Bay, Gros Islet (Block & Parcel 1245B 606)
- Auction Date: February 2025
Understanding the Judicial Sale Process
Is There a Fixed Price for Properties?
No, properties in a judicial sale are sold through an auction process. The highest and final bidder wins the property.
What is the Upset Price?
The upset price is the minimum price at which the property can be sold. Bidders must offer at least this amount.
How Can I View the Property?
- You can obtain a map sheet from the Registry of Lands to locate the property.
- The Sheriff’s Office may also provide further assistance.
What Do I Need to Participate?
If you’re interested in bidding on a property, you must:
- Bring a valid photo ID.
- Have a manager’s cheque or banker’s cheque for the required deposit (usually 10% of the outstanding debt).
Where Do the Auctions Take Place?
The judicial sales take place at the parking area of the old High Court building on Peynier Street, Castries. The parking area is accessible via Laborie Street.
Bidding & Payment Guidelines
How to Bid
- Bidders will be called upon to state their bid amount.
- If you are bidding on behalf of someone else (by proxy), you must provide a Power of Attorney or a written ratification of the bid.
Who Cannot Participate?
- The original property owner (if they are personally liable for the debt).
- The Sheriff and other officers conducting the sale.
After Winning the Bid
- The winning bidder’s deposit cheque is retained as part of the purchase price.
- The remaining balance must be paid within six (6) months, with 6% interest per annum.
- If the balance is not paid within the timeframe, the deposit is forfeited.
Why Invest in a Judicial Sale?
Judicial sales offer a great opportunity to purchase real estate at a lower-than-market price. However, buyers must ensure they understand the risks, legal obligations, and the payment process.
If you need further information, contact the Sheriff’s Office at the Registry of the Supreme Court:
📞 Tel: (758) 468-7510 (Registrar/Sheriff) | (758) 468-7508 (Sheriff’s Office) | (758) 724-5546
📧 Email: sheriff.office@govt.lc | writdept.hcslu@gmail.com
Judicial sales provide a transparent, court-supervised opportunity to acquire property in St. Lucia. Whether you’re an investor or looking for a new home, it’s crucial to do your due diligence before participating. If you’re interested, prepare your documents and funds in advance to ensure a smooth bidding process.
Would you like more insights on buying property in St. Lucia? Subscribe to michalanders.com for the latest real estate news, investment tips, and legal updates!
Follow Us On Caribbean Property Forum.