China Naming Network - Feng Shui knowledge< - What about the house that the court can't auction?

What about the house that the court can't auction?

Legal analysis

If the real estate court cannot auction, the person subjected to execution can accept the real estate at the reserve price and can directly obtain the real estate to pay off the debt. In real life, the people's court will enforce the debtor's property to pay off the debt in many ways. If it is a house, it will generally be auctioned off, and the value obtained will be used to pay off debts. According to the relevant laws and regulations of our country, the people's court will auction the property for three times. If all three auctions fail, the house will be handed over to the creditor. If the creditor refuses to accept it, the court will make a notice of sale, and those who have not purchased it will be returned to the person subjected to execution.

legal ground

Article 19 of the Provisions of the Supreme People's Court on Auction and Sale of Property in Civil Execution of People's Courts, if there is no bidder or the highest bid of the bidder is lower than the reserve price, if the application executor or other enforcement creditors present apply for or agree to accept the auction property at the reserve price determined by the auction, they shall pay off their debts. If more than two executing creditors apply for auction of property to pay off debts, the creditor with the first legal repayment order will be given priority; If the repayment order is the same, the beneficiary shall be determined by drawing lots. If the amount of creditor's rights payable by the debtor is lower than the price of the collateral, the people's court shall order it to make up the difference within a time limit.