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Auction balance deadline

Legal analysis: Auction is different from fixed price. It is a rigorous transaction method. After successful bidding, the buyer must confirm the order within 48 hours after the successful bidding, and complete the final payment within 24 hours after confirming the order. , otherwise the system will automatically close the transaction and the deposit will be automatically deducted to the auction agency.

Legal basis: "Regulations of the Supreme People's Court on the Auction and Sale of Property in Civil Execution by People's Courts" Article 24 After the auction is completed, the buyer shall complete the auction within the time limit determined by the auction announcement or by the People's Court. The price shall be delivered to the People's Court within the specified period or remitted to the account designated by the People's Court.