1. Individuals participating in the auction shall pay a deposit of not less than 5% of the appraised price of the real estate;

2. The bidder goes through the formalities at the auction institution, and the successful deposit of the auction is used as the house payment, which is not returned successfully;

3. After the auction is completed, the auction institution will make a transaction confirmation and an auction report;

4. After the auction is successful, submit the confirmation letter and relevant materials to the people's court.

How did the auction house come about?

1, commercial loans are generated. If the buyer fails to pay off the loan within the specified time after borrowing to buy a house, the bank has the right to file a civil lawsuit and demand that the buyer's house be auctioned to make up the loan.

2, due to private lending. In other words, if you use real estate as collateral, borrow money from others and write down the loan voucher, but you can't repay it when the time comes. At this time, the lender has the right to bring a lawsuit to the court, demanding that the borrower's house be auctioned to repay the loan.

3. Due to judicial confiscation. For example, if someone violates the law, the court decides to confiscate personal property according to laws and regulations. If the property contains real estate, the court has the right to auction the house and return the proceeds from the auction to the state treasury.

4. It belongs to ownerless property. That is, the property has been unclaimed for a long time, does not belong to someone, and has not been registered. Then it can also be used for auction, but this situation is extremely rare.

What is the process of the auction house and how is the auction house produced? I'll introduce you here first. Are you clear? The auction house can buy it, but it still needs to be decided according to the actual economic situation of the individual, so as not to bring too much pressure to the individual.