Matters needing attention in purchasing auction house
1, you should know whether the house being auctioned was sealed up by the court, paid by the bank or negotiated by yourself.
Generally, the seizure by the court and the repayment by the bank will be filed with the Housing Authority, and there will be relevant notices of seizure, seizure or auction issued by the court, or bank mortgage notice. However, if it is privately negotiated to pay off debts, the real estate license will be directly seized by the other party and a debt repayment contract (agreement) will be signed. Neither the creditor nor the debtor can trade or transfer the property separately, otherwise it will be deemed invalid.
2. Understand the ownership of the house.
Under normal circumstances, the houses auctioned by the court are legally owned, so there will be no problem in buying such houses. But sometimes the court will auction houses or projects under construction that have not obtained property rights for the time being. In this case, you can also buy it. However, whether the house auctioned by the court can handle the property right certificate depends on the property right of the house before the sale or auction, so you can know the ownership of the house from the court before the auction. Otherwise, at the auction site, the auctioneer will not introduce you to the property rights of the house, remember.
3. Pay attention to whether you can apply for a real estate license.
If the house has been legally registered and the procedures are complete before the court seals it up, you can apply for the real estate license according to the court's notice of assistance in execution.
If the house auctioned or sold is not registered with the real estate license or the initial property right before the court seals it up, and the reason why it is not registered is that the original property owner has violated the law or does not have the conditions for property right registration, the competent government department will not register it. In this case, it is impossible to purchase the sealed house for real estate license.
However, if the original property owner can't handle it just because he doesn't have the conditions required by the administrative organ, then the purchaser can also handle the property registration after the conditions are met or the court enforces it.