The house has been auctioned online. Can I drop the lawsuit?

Legal analysis: If you are the debtor's house and your legal property, then the court can auction it according to law. Under what circumstances can't the court auction your house, that is, it is not the debtor or your debt has been repaid. The house auctioned by the court, also known as the auction house, is called the silver main plate in Hong Kong, which refers to the house forcibly auctioned by the court. When the debtor (owner) is unable to perform the mortgage contract or pay off the debt, the creditor applies to the court for compulsory execution through various judicial procedures, and auctions the house under the debtor's name to pay off the creditor's rights with the proceeds from the auction. The house auctioned in the process is the so-called auction house or silver main plate. The auction house is not necessarily sealed from the bank, but it is also privately sealed, but the amount of the house is too large, and every suite has to borrow money from the bank. When a bank lends money, it must set a mortgage, and when it auctions, the bank has the priority to be repaid. This is one of the executive names of compulsory seizure, which is called auction of collateral. The bank will apply to the court for the property sold after the confiscation of the property according to the mortgage terms and relevant civil laws.

Legal basis: Article 102 of the Civil Procedure Law of People's Republic of China (PRC), the people's court may take property preservation measures for mortgaged property and retained property, but the mortgagee and lien holder have the priority to be compensated.