Can I get a loan for properties auctioned on Taobao?

Auctioned properties can only be purchased in full.

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

2. The bidder shall go to the auction agency to handle the bidding procedures with the bank statement and the financial receipt of the People's Court; the number of people who have paid the deposit If there are less than two people, the auction shall not be held; after the auction is completed, the deposit paid by the buyer shall be used as the price, and the deposit paid by other bidders shall be refunded within three working days.

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 institution shall, 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 shall receive the auction transaction The auction transaction confirmation letter, auction report and related materials will be transferred to the business department within three working days after the confirmation letter and auction report.

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

7. After the buyer pays the price in full, the business department should prepare a ruling within ten working days and deliver it to the buyer, and the ruling should be issued within fifteen working days after the ruling is delivered. Handle the delivery procedures for the auctioned property within.

3 Taobao Judicial Auction House Transfer Taxes and Procedures

Taobao Judicial Auction House Transfer Taxes

After the auction, the court will issue a ruling. You can just go to the property management office with the ruling to transfer the ownership. According to regulations, properties auctioned by the court do not need to pay business tax. Strictly speaking, there is no need to pay personal income tax.

Taobao judicial auction house transfer process

Whether the property you want to auction is a gift or not, statutory taxes and fees must be paid. If you find it troublesome, you can agree with the auction company when signing the auction entrustment contract: "After the auction is completed, the buyer will handle the property transfer procedures on his own. All taxes and fees paid by the buyer and seller during the property transfer process will be borne by the buyer. The person is responsible for it." Go to the Housing and Urban-Rural Development Bureau to consult and understand before purchasing to avoid future disputes. Article 12 of the House Registration Measures: Application for house registration shall be made jointly by both parties concerned, unless otherwise provided in these Measures.

If one of the following circumstances applies for house registration, the party concerned may apply unilaterally:

1. Obtaining the housing rights due to legal construction of the house.

2. Obtain housing rights due to effective legal documents from the People’s Court and Arbitration Commission.