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MOSES KURIA HATIKAINI YA GÙTAHWO NGATHÌTI 24/3/2025 GATONYE WABUGUA MANN NA JAY KAHIU Moses auction and the whole story behind it. Auctioneers play a pivotal role in the process of selling assets, including real estate, vehicles, antiques, and other personal property, often acting as intermediaries between sellers and buyers. Their job is to facilitate the sale of items by conducting auctions, which are events where goods are sold to the highest bidder. While auctioneers are typically associated with voluntary sales, such as estate liquidations or charity fundraisers, they can also be involved in involuntary scenarios where individuals may lose their property due to financial or legal obligations. For instance, if someone defaults on a mortgage, fails to pay property taxes, or accrues significant debt that they cannot repay, creditors or government entities may initiate foreclosure or repossession proceedings. In these cases, the debtor’s property is often seized and subsequently sold at a public auction to recover the outstanding amount owed. Auctioneers are hired to oversee this process, ensuring that the sale adheres to legal requirements and maximizes the return for the creditor or lienholder. The auctioneer’s role includes advertising the sale, setting minimum bids (if applicable), managing the bidding process, and declaring the winning bidder. Although auctioneers themselves do not take ownership of the property, their involvement in the transaction can feel adversarial to the original owner, especially when emotions run high during the loss of a home or cherished possession. It’s important to note that auctioneers are bound by ethical standards and laws designed to ensure transparency and fairness, but the outcome of an auction can still result in the permanent transfer of ownership away from the original owner. This underscores the critical importance of addressing financial difficulties proactively—whether through negotiation, refinancing, or seeking legal counsel—to avoid reaching the point where an auctioneer becomes the final step in losing one’s property. Hey remember to show your support by subscribing. #moseskuria #ntvnews #citizentv