You can't borrow money to buy a judicial auction house, because the court requires that the money should be transferred to the court account within 7 days after the house is sold, so you can't borrow money to buy it. However, you can find a loan company or borrowing company to lend you money within 7 days, put it into the court account, and then find a bank to mortgage the property after the real estate license comes down, apply for a loan, and pay off the money and interest borrowed before.

The risk of buying a judicial auction house

1. Risk of not being able to check in immediately

According to the principle that buying and selling does not break the lease, if there is a tenant living in the house, even if you buy a house, you can't live.

2. Risk of not being able to settle down

Many times, the house auctioned by the court has the account of the original owner. If the original householder is unwilling to move out of the household registration, the court has no power to forcibly move out.

3. There is no risk that the quality of the house is not guaranteed.

When the court entrusts an auction agency to auction a house, it usually simply describes the obvious defects and does not reflect other hidden dangers or quality problems that cannot be revealed for the time being.

The process of buying a judicial auction house

1, shooting the front nuclear room

Need to verify the authenticity of the house, understand whether the house is qualified for trading, and make an appointment to see the house on the spot after seeing the house and signing the service agreement. For houses auctioned online, the staff will help to verify the auction information and whether the house is for personal use or rent.

Step 2 look at the house

After the nuclear house, the staff will lead the buyers to see the house on the spot, understand the structure, decoration and use of the house, and then decide whether to buy it.

3. Sign a contract and pay a deposit

After deciding to buy, you can sign a house auction entrustment agreement through the auxiliary auction agency to replace the second-hand house sales contract, and you need to pay the auction deposit after signing the house auction entrustment agreement.

4. Auction bidding

Participate in the auction within the specified time. After the auction is successful, the court will issue an "Auction Confirmation" to confirm the success of the house bidding.

5. Confirm the auction results

The court shall review the auction results according to law, and if it finds that the auction institution colludes with the bidder or the bidder maliciously, causing damage to others, it shall rule that the auction is invalid according to law; If the above situation is not found in the review, the auction result shall be confirmed.

6. Pay taxes and transfer ownership

After tax investigation and payment, the buyer shall handle the transfer formalities with the relevant originals such as the enforcement ruling and the notice of assistance in enforcement issued by the court.