Asset recovery · Both sides of the auction
An auction clears the bank's debt. It was never built to protect what you own.
68 AN acts on both sides of a bank auction — before it, selling the property at full market value so the owner keeps the difference; after it, pursuing the surplus the sale should have returned.
Under the Land Act 2012, an auction reserve may be set at 75% of market value, while a private sale must achieve 100%. That 25% band — on a KES 12M property, roughly KES 3M — is what we recover for the owner.
What 68 AN actually does
Everything 68 AN does serves a single mandate: the property owner keeps the value the law says is theirs — before the hammer falls, after it, and in every sale we handle.
Pre-auction recovery
We rescue distressed property from forced sale: selling by private treaty at open-market value, settling the lender in full, and returning the surplus to the owner — end to end, inside the statutory window.
- Bank, SACCO and microfinance defaults
- Title verification and professional valuation
- Vetted-buyer private treaty sale
- Debt settlement and surplus remittance
Surplus recovery
Your property was already auctioned — and the balance above the debt never reached you. That money is yours by law. We demand the full sale account from the lender and pursue every shilling of the surplus owed.
- Full accounting of the sale demanded from the lender
- Every deduction checked against the statutory order
- Formal demand, negotiation, and escalation
- Paid only from what we actually recover
Grounded in the Land Act 2012, s. 101 — the balance of sale proceeds belongs to the chargor.
Asset sales
Recovered and sourced assets, sold at fair market value with clean paperwork: land with verified titles, completed homes, and vehicles from recovery mandates — every listing title-searched before it appears.
- Land and plots with verified freehold titles
- Residential homes, ready to transfer
- Vehicles from recovery engagements
How does a recovery work?
The law builds time into every enforcement — at least 40 days after the lender's notice, plus the auctioneer's own notice period. That window is where we work.
Identify
Confirm the property is still in the pre-sale window and a private sale or redemption remains possible.
Verify
Title search, professional valuation, and the lender's redemption figure — confirmed before anything is offered.
Clear the debt
The settlement is agreed and locked with the lender, so completion lands on a clean, discharged title.
Sell at value
Private treaty sale at open-market price to a vetted buyer, with the proceeds funding the agreed settlement.
Return surplus
The balance is remitted to the owner. Our fee comes only from the value we recover.
Where does the money go after an auction?
When a property is sold under the power of sale, the law fixes a strict order of payment — and the owner sits at the very bottom of it.
Costs of the sale
Auctioneer's commission, newspaper advertising, the forced-sale valuation, advocate's fees and any court costs.
Any prior-ranking charge
A higher-priority lender on the same title is cleared before the selling lender sees anything.
The defaulted loan
Principal, accrued interest, penalties, and the lender's own recoverable enforcement costs.
Subsequent charges
Second and third lenders with registered interests, settled in order of priority.
You — only what remains
The surplus is paid to the owner last — often the thinnest slice, and the one most easily delayed or disputed. Protecting it is the whole reason 68 AN exists.
Available now.
Recovery sales, verified-title land, homes and vehicles handled by 68 AN. Every listing is title-searched before it appears here. Enquire directly on WhatsApp — the reference goes with your message.
Distressed property
Facing auction, converted to a market-value sale inside the statutory window — our core practice.
Land & plots
Freehold and leasehold parcels with a clean title search, sourced on demand or held in inventory.
Homes
Completed houses and maisonettes, sold with vacant possession and a clear chain of title.
Vehicles
Cars and commercial vehicles from recovery mandates, sold with a clean logbook transfer.
No assets in this category right now. New listings are added as recoveries complete — ask us on WhatsApp what is coming up.
Why work with 68 AN?
Almost everyone in a forced sale works for the lender. We are built for the one party with no one at the table.
We act for the owner — only
Auctioneers, collectors and recovery teams serve the lender. Our mandate, our fee and our duty run to you.
Paid only on success
No upfront fee, no capital required. Our commission comes from the surplus we recover — money the auction would have destroyed.
Anchored in the law itself
The case for a fair price rests on the Land Act's own market-value standard, not on goodwill. We use the lender's statute, the other way around.
We never buy your property
We have no interest in acquiring your home at a discount — that is the auction's game. We sell it for its worth, and the surplus goes where the law says it belongs: to you.
Exactly what this costs you
No upfront fee, no capital required from you, either side of the auction. If nothing is recovered, nothing is owed. Our commission is a share of what we actually put back in your hands — never a share of the debt, never a share of the sale price itself.
Is this legal?
Yes — the model runs on the statute itself. We do not fight the bank's right to recover. We exercise the owner's right to a fair sale, under the same law.
The duty of care
A lender selling charged property must take reasonable care to obtain the best price reasonably obtainable. A sale at 25% or more below market value is presumed to breach that duty.
Two price standards
A private treaty sale must achieve market value. An auction reserve may be set at 75% of it. That statutory gap is the value we recover.
The surplus is yours
Whatever remains after the debt and costs belongs to the borrower by law. Our model exists to make sure you actually receive it.
Yours until it is sold
Until the moment of sale, the owner keeps the right to settle the debt and discharge the charge. Enforcement does not erase ownership — which is exactly why the pre-auction window is real, and worth acting in.
A Kenyan court has already ruled on this exact situation
A bank sold a customer's property under its statutory power of sale, then kept the difference. The Court of Appeal found the sale itself was at a gross undervalue, that the bank had breached its duty of care, and ordered the surplus paid in full — on top of damages assessed at the property's true market value.
Criticos v National Bank of Kenya Limited, Civil Appeal 80 of 2017, [2022] KECA 541 (KLR) — Kenya Law
68 AN, at a glance.
The quick facts you'd want before calling any firm about your property.
Is your property scheduled for auction?
The earlier we look, the more value there is to protect. Send the basics and we'll tell you, plainly, whether a recovery is still possible.
Antony Njenga — Founder & Director, 68 AN Company Limited. Every enquiry that comes through this page reaches me directly, not a call centre.
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