Legal analysis: Step 1: After determining the bidding target, both parties reach the highest bid and sign an auction service agreement with our company. Our company only signs one bidding customer for each bidding target to ensure the successful participation of sincere customers. Step 2: With the assistance of the person in charge of the auction, the bidder first registers an account on the judicial auction platform supervised by the court and passes the real-name authentication. After real-name authentication, the person in charge of the auction will assist in paying the deposit. After the payment is successful, the system will authorize the bidder and assign the auction number. Step 3: When submitting a deposit, it is best for individuals to submit a deposit (China Merchants Bank and China Construction Bank must bring U Shield/online banking before submitting a deposit). It takes 2-3 days for the company to participate in real-name certification for the first time, so it must be reviewed in advance. Step 4, with the assistance of the person in charge of the auction, the bidder confirms the bid amount on the subject matter details page, and the highest bidder wins. After the auction is completed, the deposit paid by the buyer will cover the price and pay the service fee agreed by us. Bidders who have not completed the transaction: the paid deposit will be automatically returned to the original payment account within three days (without any charge), and the signing of the bidding agreement will be automatically terminated. Step 5: For customers who need a loan, the loan department of our company will assist the buyer to pre-qualify for the bank one week before the auction. After the auction is successful, we will prepare the loan-related materials and go to the bank for face-to-face signing. After the down payment is paid to the court, the guarantee company will issue a letter of guarantee and the bank will pay the final payment to the account designated by the court within 5-7 days. The fee for issuing a letter of guarantee for auction loans is 2% of the loan amount. Step 6: After the auction, the highest bidder becomes the buyer of the auction target, and the buyer's information is publicized on the judicial auction platform. The person in charge of the auction shall assist the buyer to pay the remaining price to the account designated by the court within the time specified by the court (the deposit is thrown away and the remaining house price can be paid offline).
Legal basis: Civil Code of People's Republic of China (PRC).
Article 209 The establishment, alteration, transfer and extinction of the real right of immovable property shall take effect after being registered according to law; Without registration, it will not take effect, except as otherwise provided by law.
Natural resources owned by the state according to law may not be registered.
Article 210 The registration of immovable property shall be handled by the registration institution where the immovable property is located.
The state implements a unified registration system for real estate. The scope, organization and method of unified registration shall be stipulated by laws and administrative regulations.
Article 211 When applying for registration, the parties concerned shall provide the ownership certificate, real estate boundary and area and other necessary materials according to the different registered items.