Court auction of real estate process

Legal analysis: 1. Before the auction, the court went to the Housing Authority to seal up the property rights of the executed person. 2. Entrust an appraisal company to appraise the house value. 3. After the evaluation results come out, determine the auction floor price according to the evaluation value. 4. Entrust the auction company to auction the house. Auction activities are organized and implemented by auction companies. If the auction is completed, the court will make a ruling to determine the legal effect of the auction result. 6. If there is no bid or the auction fails, the court may reduce the price by 10-20% on the basis of the first auction and entrust the auction company to auction again. 7. If the second auction still fails, the court can auction the house again on this basis, up to three times.

Legal basis: Provisions of the Supreme People's Court on Auction and Sale of Property in Civil Execution by People's Courts.

Article 5 The reserve price shall be determined in an auction.

If the auction property is evaluated, the evaluation price is the reserve price of the first auction; If it is not evaluated, the reserve price shall be determined by the people's court with reference to the market price, and the opinions of the parties concerned shall be solicited.

If there is an auction target, the reserve price may be reduced as appropriate when the auction is held again, but the amount reduced each time shall not exceed 20% of the previous reserve price.

Article 16 If there is no bidder in the auction or the highest bid price of the bidder is lower than the reserve price, if the application executor or other enforcement creditors present at the auction apply for or agree to accept the auction property at the reserve price determined at the auction, they shall hand over the property to them to pay off their debts.

If more than two executing creditors apply for auction of property to pay off debts, the creditor with the first legal repayment order will be given priority; If the repayment order is the same, the beneficiary shall be determined by drawing lots. If the amount of creditor's rights payable by the debtor is lower than the price of the collateral, the people's court shall order it to make up the difference within a time limit.