The bank has no right to auction your house directly. Although you have applied for a loan from him and have a record of overdue repayment.

Second, the bank must auction your house in the following ways:

1, through the court or arbitration institution, won the case. (Legal fees, attorney fees, seizure and preservation fees incurred)

2, through the court execution procedures, under the guidance of the court for evaluation and auction. (Appraisal fee, auction price minus commission,)

Your house must be appraised before auction, and you have the right to object to the low appraisal price. It doesn't matter even if you don't agree. The first auction will be sold at the estimated price, and the second auction will be 20% off, and then 20% off. If it fails, it will be sold at the lowest price. )

Try to find as many people as possible to participate in the auction, and there may be a higher price. There is a reason for this, and the effect may be useful. Buyers should consider commissions, taxes, no loans, 7-day payment, cancellation of mortgage, cancellation of seizure, etc. Also, the general auction announcement is 15 days. It is a question whether we can attract many good customers in such a short time. It is accidental but not inevitable to bid a high price. The auction company's transaction is the first purpose, and it doesn't necessarily like to shoot high prices. Afraid of future trouble )

4. The auction transaction price, which exceeds what you borrowed, will be returned to you in full by the court after deducting the execution fee and other related expenses. That's true, but you'd better count the people who can get the money. )

(The cost of doing this is very high. You should think it over and see if there is anything uneconomical. You should find someone to buy it yourself as soon as possible. The autonomy is in our own hands, and the cost of compulsory auction is high. )