The auction house shall not purchase in the form of loans. Although the auction house has a good advantage, the loss has been very obvious before, so generally this house must be paid in full.
After many people lent money, the property was finally forced to auction because of poor capital turnover. In fact, this situation is a considerable loss for both the seller and the lending institution, so houses like this are also sold in full at auction, so loans are not feasible.
Matters needing attention in purchasing auction house
1, the identity background of the original owner.
The judicial auction of houses is basically due to the debtor's failure to perform due debts, the creditor's lawsuit to seal up the collateral, and finally the court forces the auction. At present, most of them are due to investment failure.
2. the hukou problem.
Although the house was photographed by you, the original owner's account cannot be moved out.
3. Legal risks of long-term lease.
According to the property law and other laws and regulations, if the lease is first and then mortgaged, the original lease contract will still be valid after the auction. And some people who maliciously evade debts will sign lease contracts for a long time, even 10 or 20 years. So if you auction this house with a lease contract, you can't move in because of the existence of the lessee after buying it. What's more, some people say that there is no lease at first, and then a lease contract suddenly appears after your auction or someone suddenly lives in it and refuses to vacate, then you are in trouble.
4. Risks of paying relevant taxes and fees.
Business tax, personal income tax, house deed tax must be paid by the buyer, as well as utilities, property fees and other expenses. If long-term arrears need to be borne by the buyer after the auction, this expense should be considered.