The court can auction. If the number of overdue repayments reaches six or more times, the bank will use legal means to protect its rights and interests. If the negotiation between the bank and the borrower fails, the bank will auction the mortgaged property through legal procedures.

Court bidding process:

1. The bidder shall pay a deposit to the People's Court;

2. The bidder shall present the bank statement and the People's Court's financial collection Go to the auction agency with the certificate to complete the bidding procedures; if the number of people who pay the deposit is less than two, the auction shall not be held; after the auction is completed, the deposit paid by the buyer will be used as the price, and the deposit paid by other bidders will be refunded within three working days; < /p>

3. After the auction is completed, the auction agency will prepare an auction confirmation letter and auction report. The auction transaction confirmation letter shall strictly comply with the agreement or legal provisions regarding payment time, delivery of auction property, etc. The auction report should include auction announcements, auction instructions, bidding status, auction results, transaction confirmation, auction transcripts and other details and relevant copies;

4. The auction agency should, within three working days after the auction is completed, Hand over the auction transaction confirmation, auction report and related materials to the external entrustment management department of the People's Court. The external entrustment management department will hand over the auction transaction confirmation, auction report and related materials within three working days after receiving the auction transaction confirmation and auction report. Transfer it to the business department;

5. After the auction is completed, the buyer shall remit all the price to the designated account within the time limit specified by the People's Court;

6. Pay the commission to the auction agency. The commission includes the actual expenses incurred by the staff in preliminary investigations, seeking customers, organizing auctions, etc., and the auction agency will not charge other fees;

7. After the buyer pays the price in full, the business department should A ruling will be made within ten working days and delivered to the buyer, and the delivery procedures for the auctioned property will be handled within fifteen working days after the ruling is delivered.