How long will it take to become a legal auction house? What are the risks of the auction house?

Speaking of house default, this kind of situation is more common in life. Some people may default on their housing after taking out housing loans for economic reasons. At this time, we should pay attention to timely handling. If the loan cannot be repaid in time, it will be auctioned by the court, which is what we often call auction. How long will it take for the house to default? Speaking of house default, this kind of situation is more common in life. Some people may default on their existing houses after applying for housing loans for economic reasons. At this time, we should pay attention to timely handling. If the loan cannot be repaid in time, it will be auctioned by the court, which is what we often call auction. How long will it take to default on the house payment? What are the risks of the auction house? Let's give you a detailed introduction.

How long will it take to become a legal auction house?

Under normal circumstances, the bank that fails to repay the loan on time will inform you by phone or SMS. After a period of time, the bank manager will contact the dunning, and will also face default interest on the loan. When the mortgage is suspended for more than three months or there are six defaults within one year, the bank will freeze the property through legal means. If the arrears cannot be repaid after negotiation, the mortgaged property will become a legal auction house, which will be auctioned by the court, and the money after the auction will be used to repay the arrears first.

There are many reasons for becoming an auction house, and the inability to repay the mortgage is just one of them. The number of houses that have become auction houses is soaring for various reasons, from 9000 sets in 2065,438+07 to more than165,438+08000 sets in July 2020! The auction price is far below the market price, and the starting price can reach 70% or even 60% of the market price, which usually causes great losses to the debtor (homeowner).

What are the risks of the auction house?

1, easy to transfer, but not easy to accept the house.

At present, auction houses are all online auctions. After buying it, the transfer of property rights is relatively easy. But buying it doesn't mean you can definitely live in it, because some houses have leases, which means they have to be fulfilled. Therefore, even if the auction is successful, you can't live in it until the lease expires. If you are renting a house for 20 years or 20 years, it is directly recommended not to sell it.

Even if there is no lease on the house, you may not be able to live in it if you photograph it, because the court is not responsible for vacating the house. If Lao Lai refuses to leave, or other creditors occupy the house, they can only take legal procedures to ask the other party to pay the house.

Ways to avoid risks: make a field trip before buying a house to confirm whether the house is in the lease, and don't buy a house with a long lease. Unless the price is really cheap, you can accept that you can't keep it after buying it.

2. There may be high taxes.

Legal auction houses also have to pay taxes, and most of the taxes and fees are paid by buyers. Their taxes and fees are actually similar to those of second-hand houses. However, some methods have higher taxes and fees, such as 5.6% tax on houses under 2 years, 20% personal income tax on houses donated by immediate family members, and high land value-added tax on properties under the company name. Some houses will even be as high as hundreds of thousands, and you need to calculate the taxes and fees yourself to see if it is cost-effective.

Ways to avoid risks: check the property right, house age and house ownership before buying. And estimate the possible taxes and fees before making a decision.

3. You may be in arrears with property fees and utilities.

The auction house may have been vacant for a long time before the auction, resulting in the property fees and utilities may not be paid for a long time, and this fee is basically paid by the buyer. If you owe too much money, it won't be worthwhile.

Ways to avoid risks: field investigation, residential property arrears investigation, water and electricity arrears investigation of relevant departments, comprehensive calculation of costs before deciding whether to buy.

What's going on here? How long will it take to become a legal auction house? What are the risks of the auction house? For property buyers, if they want to buy a house through loans, they must understand the relevant policies and systems, especially to handle housing loans in time in accordance with relevant regulations to avoid loan defaults.