The law stipulates that you can't use the provident fund to lend to the auction house. The mortgage loan of auction house is different from the second-hand house mainly because the auction house is disposed by the court, which requires that the auction money be deposited into the account designated by the court within the specified time. If it is not paid in full within the specified time, the court will regard it as regret, confiscate all the deposit, or even disturb the judicial process, and be responsible for the loss of the auction and the transaction price difference.

What are the disadvantages of buying a house according to law?

1. No loan: the auction house can only pay the full amount in one lump sum, and the payment time is short, which makes many people who want to buy an auction house discouraged.

2, prone to debt disputes: some houses will have other creditors, mortgage or sell multiple houses.

3. It is difficult to repossess the building: the delivery of the house after the registration and transfer of the house property rights needs to be solved by itself. In practice, it may be more difficult to recover the house: for example, there are tenants in the house, and China has always implemented the practice of selling houses without accepting tenants. No matter how the house is bought or sold, the lessee's contract must be fulfilled on time. There is also the original owner of the house, who may have borrowed private loans outside and mortgaged the house many times.

4. the problem of moving out of the account: just like handing over the house, you can't forcibly move out of the account. If you can't move your hukou out, you will face the risk of staying in the house.

5. It's inconvenient to see the house: generally, the court only briefly explains the obvious defects, and it is likely to encounter defective properties, and all taxes and fees will be borne by the buyer.