What are the risks of the auction house?

1. Unknown property rights: First, it is necessary to confirm whether there are other creditors besides the first creditor. Because private lending cannot be found through the inquiry of state institutions, if the original owner runs away due to debt problems, the bidder may be recovered by other creditors after moving in. Therefore, before bidding, we must know whether the house has debt problems and whether it has been mortgaged many times. At the time of auction, the court will not clearly tell the buyer the background of the house and the specific reasons for being forced to auction.

2. Housing defects: When auctioning a house, it is usually only a brief description of the defects, while other problems existing in the house, such as haunted houses or quality problems that cannot be shown for the time being, are basically not explained, so friends who want to bid for this house need to see the house on the spot. However, it is not easy to see the house by auction. When a bidder makes a bidding decision, it means that he fully understands and accepts the current situation of the house and all possible problems, and the court is not responsible for the defects of the house.

3. Unclear expenses: As the auction house will not disclose the transactions before the auction, such as inherited houses and commercial houses, the taxes and fees involved in the transfer of some houses are very high, so buyers must make full preparations before bidding. It is also possible that the original owner defaulted on property fees, utilities and so on. Require the buyer to bear the expenses owed by the original owner.

4. You can't move in with a lease: At first, there was no legal auction house, but when the transfer was made, the tenant with a lease contract of 10 and 20 years suddenly refused to vacate the house. Or if there are old people and children in the house photographed by the buyer, it is impossible for the buyer to move out. Of course, property buyers should not expect the enforcement court to help them vacate their houses.

Extended data:

After the online judicial auction is completed, the financial department of the people's court confirms that the bidder has paid the auction price, and the court executive department issues an auction ruling and delivers the subject matter and related documents. If it is necessary to go through the formalities of property right change registration, the enforcement department of the court shall issue a notice of assistance in execution and an auction ruling to the relevant property right registration management department to assist the buyer in the transfer formalities.

According to the provisions of the people's court on property auction, the reserve price determined by the people's court shall not be lower than 80% of the evaluation or market price at the first auction. Once the house is auctioned, the price will be reduced again according to the situation, but the amount of each price reduction cannot exceed 20% of the previous reserve price. Therefore, most auction houses have price advantages, and the transaction price is usually lower than the market price.

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The risk of People's Daily Online-Auction House cannot be borne by the bidder alone.