Auction after seizure
This auction takes place because someone has been ordered to pay an amount of money and has failed to do so. The order is then followed by a so-called seizure under foreclosure. The debtor himself, but also the mortgagee, if there is a mortgage on the object, is notified. For fourteen days the mortgagee has the authority to take over the auction. If the mortgagee does so, the auction is handled as an auction by virtue of a mortgage. If the mortgagee does not take over the auction, the judgment creditor is authorized to continue the auction. The judgment creditor appoints a notary who is charged with the auction of the seized property. The auction takes place in the same way as an auction by virtue of a mortgage, provided that in case of an auction after seizure, there is no possibility to achieve a sale based on a private bid.
Auction by virtue of a court order
This auction takes place because the parties involved, for instance former spouses after a divorce, cannot agree on the division of the possessions the object to be auctioned belongs to. The Judge is then authorized to order the public sale at the request of either of them.
The auction takes place in the same way as an auction by virtue of a mortgage, provided that in case of an auction after seizure, there is no possibility to achieve a sale based on a private bid.
Auction by virtue of the owner's own instructions
The owner may proceed to public sale of his property voluntarily. He then determines the auction provisions himself, in principle. When doing so, he has to adhere to what is the local custom. In Aruba, voluntary auctions seldom take place.