It is possible to find a low price, or it may be embarrassing. People in the legal profession reminded that buyers should pay attention to the following matters before bidding for houses according to law:
1. Pay attention to whether the court entrusting the auction directly seals up the house first or waits for sealing up, and whether it is sealed up by other institutions.
2. Pay attention to whether there is any problem with the property right and property registration of the auctioned house, and whether there is unclear property right, no property right, small property right and joint property right.
The owner of the auction house is often involved in debt problems, and the house may be mortgaged many times. If there is a mortgage, it is necessary to know whether it can be forgiven. If the mortgage cannot be released, it may face the corresponding debt repayment risk in the future, because all the subsequent expenses of the auction house will be borne by the buyer. It is worth noting that since private loans cannot be inquired by state agencies, the purchase of such houses may be recovered by other creditors after occupancy.
Extended data:
Judicial auction refers to the behavior that the people's court conducts or entrusts the auction company to publicly dispose of the debtor's property in accordance with the procedure in the execution procedure of civil cases in order to pay off the creditor's rights.
Some information of judicial auction has been made public on the Internet, such as Beijing Court Network, Judicial Auction Section of Chongqing Property Rights Exchange website, Amoy Assets Network, etc. Judicial auction is also a new investment channel, especially in the field of non-performing assets disposal.
Reference: Judicial Auction Baidu Encyclopedia