The time required for the court auction of a house varies depending on the specific circumstances, and generally takes between 3 months and half a year. The following is the general process for the court to auction a house:
1. Apply for auction: When a creditor applies for the court to auction a property, the court will first review it to determine whether to accept the application.
2. Announcement auction: The court will announce the auction information in local newspapers and publish the auction information on the judicial auction website.
3. Auction preparation: The court will organize relevant personnel to evaluate the property, determine the starting price, and formulate auction rules.
4. Auction: On the day of the auction, people participating in the auction need to go to the designated location to bid, and the highest bidder wins the property.
5. Confirm the transaction: The court will confirm the transaction after the auction ends. After confirming the transaction, the creditor can apply for transfer procedures.
It should be noted that the time for auctioning a property may be affected by various factors, such as whether the auction is controversial, whether there are defects in the auctioned property, etc. Therefore, the actual auction time may be extended.
In addition, if the debtor can proactively perform its debts or reach a settlement agreement with creditors before the auction, it may also lead to the suspension or cancellation of the auction process.
Legal basis:
Article 247 of the "Civil Procedure Law of the People's Republic of China" After the property is sealed or detained, the execution officer shall order the person subject to execution to Fulfill the obligations specified in the legal instrument within the specified period. If the person subject to execution fails to perform within the time limit, the people's court shall auction the sealed or impounded property; if it is not suitable for auction or both parties agree not to conduct an auction, the people's court may entrust the relevant unit to sell it or sell it on its own. Items that are prohibited from being freely bought and sold by the state shall be handed over to relevant units for purchase at prices set by the state.
Article 50 of the "Regulations of the Supreme People's Court on Several Issues Concerning the Enforcement Work of People's Courts (Trial)" If the person subject to execution fails to perform the obligations specified in the effective legal document, the people's court has the right to rule to prohibit the person subject to execution from transferring his or her property. Intellectual property rights such as patent rights, exclusive rights to registered trademarks, and copyrights (property rights). If the above-mentioned rights are registered by the competent department, a notice of assistance in enforcement shall be issued to the relevant departments at the same time, requiring them not to go through the transfer procedures of property rights. If necessary, the person subject to execution may be ordered to submit the property rights or use right certificates to the people's court for preservation.
For the property rights in the preceding paragraph, enforcement measures such as auction and sale may be taken.