What must I pay attention to in the foreclosure house?

1. The risk of not being able to settle down.

Due to foreclosure houses.

The original owner's household registration is still settled in this house, so if you buy a foreclosure house, the buyer may face the risk of not being able to settle down after buying the house. If the original owner is unwilling to move out, the court does not have the right to force him to move out, so don't think that buying a foreclosure house is very secure, and even the enjoyment of basic rights may be affected after buying. The inability to settle down means that problems such as children's schooling cannot be solved.

2. The risk of not being able to move in.

As we all know, it is more convenient to buy a second-hand house, and you can move into the house soon, but it is not necessary to buy a foreclosure house, if there is a lease in front and a mortgage in the back, the original lease contract will continue to be valid after the auction is concluded. After buying such a house, the buyer also depends on whether the previous original owner has left these problems, and the original owner deliberately signed the lease contract for a long time, even 10 or 20 years, and the property right of the house is not long, and it cannot be moved in time after buying.

3. Risk of excess costs.

If you buy a foreclosure house, the buyer may also need to pay some additional fees, which is also a risk of buying a foreclosure house. Therefore, some friends who buy foreclosure houses will find that after receiving the house, they will find that the damage to the house is more serious, and a large amount of repair costs may be required in the future.

4. Debt risk.

Some of the original owners of foreclosure houses have very serious debt problems, so the house will be auctioned, so when buying a foreclosure house, buyers should pay attention to it, if the original owner runs away due to debt problems, then you auction his house, and may be pursued by other creditors after moving in. Don't think that if you are not a debtor, you will not have an impact, it is very troublesome to meet unreasonable people, and it may affect your daily life.

Pay attention to whether the house is rented out Some of the original owners of foreclosure houses are burdened with a lot of debt, so they will rent out their houses to earn a lot of rent.

Before buying a foreclosure property, it is important to look at the specific circumstances of the property. It is very important whether there are any residents in it, whether there is a right of residence, and whether there is a debt dispute with the property.

Although the foreclosure room is cheap, there are many traps inside, and if you are not careful, you will be trapped in it.

Foreclosure precautions.

There are many risks, which we can't imagine, the first is that you can't settle down, and the identity of the original owner will also bring trouble to everyone, and it is impossible to move in in time, and the cost is more complicated.

1. Learn as much as possible about the situation of the foreclosure house.

Before auctioning the property, buyers must have a detailed and comprehensive understanding of the actual situation of the property, that is, the preliminary mapping work should be solid. In addition, you should do more research, run more errands, and try to bid for a house that you are familiar with.

In fact, there are companies in the market that specialize in dealing with foreclosure houses, and they have a professional team that is responsible for the preliminary investigation of the property, and is responsible for understanding the owner's external debts, the legal relationship between the actual occupant of the property and the owner, and the marital status of the owner, and then collects and summarizes it. In addition, there are professional lawyers to help you control the risks, and you can learn more before deciding whether to participate in the bidding.

2. Identify the "wheel sealed" room first.

For auctions**, it is best to go to the auction company, the archives center or the land bureau to find out. For example, how many courts have seized them? If more than one court seizes the same house, it is called "wheel sealing" in the industry.

Even if the bank can lend money as scheduled, it will be difficult to distribute it for a while because there are multiple creditors. In this way, the risk of future property transfer will be very large, and it will take a long time.

3. Pay attention to the rest of the increased costs and measure them well.

It is advisable to investigate more details of the property even after reading the appraisal report. To pay attention to the subject matter, pay attention to the related expenses that increase in addition to the cost of buying a house, such as whether there is an unexpired lease? Whether there are arrears such as property management fees, water, electricity and gas fees, cable TV viewing fees, etc.

What is foreclosure?

1. Forensic auction house is the abbreviation of the court auction real estate, and under normal circumstances, the property in the following situations will become the foreclosure house:

2. There may be some defects in the ownership of the house, such as not paying the land transfer fee; There is no real estate certificate (or has not been processed yet, or cannot be processed); Failure to pay off property fees and heating fees; If there are tenants and other situations in the house, these courts are not responsible for solving them, and if they participate in the bidding, these things must be borne and resolved by the buyer;

1. First of all, it is necessary to see whether the property is mortgaged;

2. Pay attention to the property rights of the house, whether there are actual residents and whether the household registration has moved out;

3. Understand whether there is a large amount of arrears in the house, including property fees, heating fees, water and electricity bills, etc.;

4. Whether the real estate subject to the auction has been repeatedly seized and whether it has been seized by other institutions, resulting in the inability to transfer ownership;

5. Understand the properties of the property.

What are the risks of buying foreclosure property?

1. Unclear property rights.

First of all, it is necessary to confirm whether there are other creditors other than the first creditor, because private lending cannot be known through the inquiry of state agencies, if the original homeowner runs away due to debt problems, the bidder may be pursued by other creditors after moving in.

Therefore, before bidding, it is important to find out whether the house has any debt problems, whether there are multiple mortgages, etc. When bidding, find out the background of the owner of the house and the specific reasons for the forced auction.

2. Defects in the house.

When auctioning a house, it is usually only a brief description of the defects, and other problems in the house, such as murder houses, criminal cases or quality problems that cannot be seen for the time being, are basically not indicated, so friends who need to bid for this house must make a clear explanation.

However, if the bidder makes a bidding decision, it means that he fully understands and accepts the current situation of the house and all possible problems, and the court is not responsible for the defects of the house.

3. The cost is not clear.

Since the foreclosure will not announce the previous transactions of the auction, such as inherited houses, commercial houses, etc., and the taxes involved in the transfer of ownership of some houses are very high, the buyer must be fully prepared before bidding.

There is also the possibility that the original owner is in arrears of property fees, water and electricity fees, etc., which require the buyer to bear the arrears of the original owner.

4. There is a lease and it is not possible to move in.

At the beginning, there was no lease of the foreclosure house, but when the transfer of ownership suddenly appeared, the tenant with a 10-year or 20-year lease contract refused to vacate the house. Or if there are elderly people and children in the house auctioned by the buyer, the buyer will not be able to move in in this case. Many housing enforcement courts have made it clear that they are not responsible for vacating the house.

3. Make sure that the funds are in place, otherwise the margin will be wasted.

2. Individual income tax: If the seller has the only house and has lived in the house for more than five years, there is no such tax, but although the seller has lived in the house for five years, but the house is not his only property, this tax must be paid. There are two types of personal income tax: 3% or 20% difference, 3% before January 1, 2015, and 20% of the difference thereafter.

In today's high housing prices, many owners prefer foreclosure houses. So what should we pay attention to in the foreclosure house? Can I buy a foreclosure house? Let's take a closer look!

It is necessary to pay attention to the identity of the original head of household, and see whether the house is seized by the court to pay off the debt, the bank to pay the debt, or to negotiate by yourself; To confirm the delivery time, if the house has a situation where the lease is in the front and the mortgage is in the back, the original lease contract will continue to be valid after the auction is concluded; The foreclosure house cannot unilaterally break the contract, otherwise it will be necessary to pay liquidated damages, and it will affect the personal holding of credit information.

Can I buy a foreclosure house?

You can buy foreclosure houses, but before you buy, you must understand the risks of foreclosure houses and imagine whether you can afford to take them. In addition, the starting price of the foreclosure house is low, but there is a certain fee to be paid when handling the transfer, and if you think it is cost-effective, you can still buy it.

What are the risks of buying a foreclosure property:

1. The risk of not being able to settle down.

If the foreclosure house is settled by the original owner, the court may transfer the ownership of the house to another person through legal procedures such as auction confirmation and enforcement ruling. If the original owner is unwilling to move out of the hukou, the court does not have the right to force him to move out. Therefore, there is a risk that you will not be able to settle down when buying a foreclosure house, and the inability to settle down means that problems such as children's schooling cannot be solved.

2. The identity risk of the original homeowner.

If the original owner of the foreclosure house runs away because he is unable to repay his debts, if you auction his house, you may be pursued by other creditors after moving in, and it is very troublesome to meet unreasonable people.

3. The risk of retroactive payment.

Unlike normal commercial property sales, foreclosure houses can be inspected anytime and anywhere, and a certain percentage of fees need to be paid when handling the transfer.

Article summary: It's like a sock, what matters to pay attention to in the foreclosure house and the relevant knowledge of the foreclosure house can be bought is introduced here, if you need more information, please continue to pay attention to Qeeka Home, and we will have better and more exciting content for you in the future.

It is possible to buy.

The benefits of foreclosure properties: lower house prices. Since it is an auction, the starting price is generally lower than the market price, which is basically between 70% and 80% of the market price.

The disadvantage of buying a foreclosure property: You can't get a loan. Forensic auction can only be paid in full and in a lump sum, and the payment time is short. It is easy to have debt disputes, and some houses have other creditors, are mortgaged or sell more than one house.

Foreclosure refers to the property that is enforced by the court due to auction, judicial procedures and other reasons, because of its lower cost and best advantages, many buyers believe that it has a higher cost performance. However, there are also some risks and considerations associated with buying foreclosures, which are as follows:

Pros:1**Lower:

Generally speaking, foreclosure properties will be lower than the market in the same area, because they are stripped from the original owner, and sellers often want to turn them into cash as soon as possible. So, for home buyers, it is possible to get a property of the same quality at a lower **.

2.High ROI: These properties tend to have a higher ROI due to the lower cost of buying foreclosure properties and the fact that they are in good location and condition and have a higher potential rental yield.

3.Transparency: In the foreclosure market, all transactions must be carried out in accordance with legal procedures, and buyers can grasp the true condition and value of the property by understanding the auction procedures and announcements, and avoid unnecessary risks.

Cons: 1Fierce competition: Foreclosure is an item that many buyers compete to bid, and the competition is fierce, and the opportunity to buy is relatively rare. Buyers need to have a good understanding and planning for their needs and financial capabilities in order to win in the fierce competition.

2.Difficult to ascertain property condition: Many foreclosure properties are abandoned or dilapidated before the auction, and it is difficult to confirm the rental potential, renovation status and maintenance costs of the property unless the buyer can obtain further investigation reports and third-party authenticity results.

3.High risk: There is a certain risk in buying foreclosure properties, as their outliers may be properties that some people have to sell because they can't afford to make ends meet, and the risk of disputes is relatively greater.

4.Non-transferability: In some places, the purchase and sale of a foreclosure property cannot be carried out for a certain number of years after the purchase of the foreclosure property, and the specific time limits and restrictions are subject to the provisions and restrictions of local laws.