Can I get a loan to buy a house?

You can't borrow money to buy a house. Because the judicial auction requires bidders to pay the full amount within one week after the auction is successful, they cannot apply for mortgage loans. If the property buyers are short of funds, they can first find someone to borrow money to advance and transfer the auction money to the court account within the prescribed time limit. After the real estate license is processed, you can apply for a loan from the bank with the real estate license as collateral, or you can ask for the previous loan after the bank loan comes out.

Matters needing attention of auction house

1. Some houses were successfully auctioned by the judicial organs, and they also passed the households smoothly. However, the house was sealed and the original owner refused to move out because he didn't know. If you ask someone to expel him, he will bite you and sue you in court, but this becomes unreasonable.

2, housing arrears. The arrears are mainly water, electricity and property fees. After knowing whether it meets the purchase conditions, find out whether the auction house has any arrears.

3. lease. According to the property law and other laws and regulations, if the lease is first and then mortgaged, the original lease contract will still be valid after the auction. But some people who lease maliciously will sign a long lease contract, even 10 or 20 years. So if you auction this house with a lease contract, you can't move in because of the existence of the lessee after buying it. What's more, some people say that there is no lease at first, and then a lease contract suddenly appears after your auction or someone suddenly lives in it and refuses to vacate, which is very troublesome.

What are the risks of the auction house?

1, the risk of not being settled.

The auction house is a house auctioned by the court. These houses were auctioned by the court for the original owners' own reasons. The auction house has the original owner's account number. The court legally transferred the house to the buyer through legal procedures such as auction confirmation and execution ruling, and the buyer obtained the property right of the house.

2. The identity risk of the original owner.

The original owner of the auction house is likely to be auctioned because he can't pay his debts. If the original owner runs away because of the debt problem, then you may be chased by other creditors after moving in, and it will be very troublesome to meet unreasonable people. Usually, the court will not tell you the identity background of the original owner and the specific reasons for the forced auction of the house, so this risk cannot be ignored.

3. The risk of not being able to check in immediately.

You can't check in in time if you buy an auction house. If the lease is first and then mortgaged, the original lease contract will still be valid after the auction. In practice, the original owner deliberately signed a lease contract for a long time, even for ten or twenty years. If he buys this house with a lease contract, he can't move in because of the existence of the lessee.

4. Risk of reimbursement.

Unlike ordinary houses, French auction houses can be inspected anytime and anywhere. If you don't notice the problem of the house during the field inspection, you will find that the house is seriously damaged after receiving it, and you may need a lot of maintenance fees in the future. In addition, if the original owner has mortgaged the property, all subsequent expenses of the auction house will be borne by the buyer.