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The house was auctioned by the court, and Taobao actually bid for one day. Does that mean 24 hours?
Yes, the bidding period of Taobao auction is 24 hours. If the highest bidder meets the following conditions at the end of the auction, the subject matter can be finally obtained: the transaction price of the subject matter registered by at least two people is higher than the reserve price set by the court and finally confirmed by the court.

Auction rules:

1. Delay rule: For the subject matter released by the court after 20 17 1, the delay period of judicial auction means to bid within five minutes before the auction ends, and the auction end time will be extended by five minutes based on the bidding time, and each bid within five minutes will be delayed.

2. Preemption rule: Preemption refers to the right given by law to a specific object (specific person) to have priority over a third party under the same conditions when selling the subject matter to a third party in accordance with the law or the contract.

3, the court withdrawal/suspension rules.

Extended data:

Whether the real estate can be loaned by judicial auction;

At present, some loans supported by real estate judicial auction are commercial loans, and provident fund loans are not supported for the time being.

1. Loan method:

If the court marks the subject matter as "loanable", you can check the phone number related to loan service displayed by the court on the subject matter page. It is recommended to contact the bank at least 3-5 days before shooting.

The platform's asset trading services include loan services. You can consult the corresponding bank according to the area where the subject matter is located. It is recommended to contact the bank at least 3-5 days before shooting.

Some subject matter supports online loan application, and there is a "one-click loan application" button on the right side of the subject matter page. After registering the deposit successfully, you can click "Apply".

2. Matters needing attention in loan:

Most courts will not issue any paper documents when the final payment is not paid, so be sure to check with the bank whether the information for applying for a loan requires the cooperation of the court;

The court will stipulate the specific time limit for the final payment, so it is necessary to confirm with the bank the approximate time for reviewing the loan;

Be sure to confirm the installment loan guarantee method (such as bridge crossing, guarantee, mortgage, etc.). ) with the bank.

Taobao-judicial auction