Auction 1 and 1 (the auction real estate will be announced 15 days before the auction).
(1) The bidder shall pay a certain deposit to the people's court in advance before the auction. Applicants who participate in housing bidding may not pay the deposit in advance. The amount of the deposit shall be determined by the people's court, but it shall not be less than 5% of the assessed price or market price.
(2) The people's court shall, five days before the auction, notify the parties concerned, the known holder of security interest and the person with preemptive right to be present on the auction day.
(3) When no one bids at the auction or the bidder's higher bid is lower than the reserve price, if the application executor or other enforcement creditors present apply for or agree to accept the auction property at the reserve price set at the auction, they shall hand over the property to pay off their debts.
2. The second auction
If there is no bid at auction or the bidder's higher bid is lower than the reserve price, the auction shall be re-conducted within 60 days.
3. The third auction
If the second auction fails, the third auction shall be held within 60 days.
Step 4 sell
If the third auction fails, and the application executor or other enforcement creditors refuse to accept or fail to accept the real estate to pay off debts according to law, the people's court shall issue a notice of sale within seven days from the end of the third auction. If no one is willing to buy the property at the reserve price of the third auction within 60 days from the date of announcement, and the applicant and other enforcement creditors still refuse to accept the property to pay off their debts, the measures of sealing up and freezing shall be lifted and the property shall be returned to the person subjected to execution, except that other measures can be taken for the property.
5. Transfer of ownership
After the auction or debt repayment of real estate, the real estate shall be transferred from the time when the ruling of auction or debt repayment is delivered to the buyer or recipient. Usually, the court needs to issue a ruling to handle the transfer of property rights at the transaction core where the house is located.
The reserve price we are talking about is the price put forward by the seller when entrusting the auction. If the higher price fails to reach this price, the auction should be stopped. It is the guarantee for sellers to safeguard their own interests. The auction reserve price refers to the low price that the auction sales price should reach at auction. Judicial auction shall determine its reserve price. The reserve price of auction shall be determined by the people's court with reference to the evaluation price; If it is not evaluated, it shall be determined with reference to the market price, and the opinions of the parties shall be solicited. The reserve price determined by the people's court shall not be less than 80% of the evaluation price or market price at the 1 auction; If the auction is unsuccessful, the reserve price may be lowered as appropriate when the auction is held again, but the amount reduced each time shall not exceed 20% of the previous reserve price.
Matters needing attention in real estate auction:
1. Payment method of auction house. We usually require a one-time payment, and the payment time will be tight.
2. Neighborhood relationship of houses
3. Does the house have property fees, utilities and gas fees?
4. All taxes and fees of the auction house should be clearly understood.
5. Does the house have an account?
6. Is the house registered with the company?
7. Is the house a haunted house?
8. geomantic omen of the house
9. Does the house include decoration, furniture and home appliances? In some auction cases, a separate auction will be held.
10. Is the house occupied?
1 1. Is there any quality problem and water leakage in the house?
12. Is there any arrears in the project payment for the house?
The auction process of the court house is not particularly complicated, but some matters needing attention must be paid attention to, which should be clearly understood before the auction to avoid unnecessary trouble.