SECTION 294

Where the auction sale has become final, a copy of the decision of the court or the report of the auction sale drawn up by the notary public shall be deposited in the land registry for registration. The successful bidder shall be required to carry out this formality within two months, under pain of a resale on the basis of irresponsible bidding. The registrar of lands shall mention the fact of publication in the margin of the copy of the published summons. He shall also proceed to strike off the registered preferential claims and mortgages which have been paid off by the proceeds of the sale, even those registered after the issuance of the statement of entry. In this case, the creditor’s only claim shall be for a share in the proceeds of the sale.