Research On The Transaction Risk And Legal Regulation Of Internet Judicial Auction Of Houses In China

As a new form of business,online judicial auction is the result of the integration of traditional judicial auction and Internet in China.It has produced a positive influence that can not be ignored in the process of disposing litigation assets and promoting the execution procedure.Unlike traditional delegate judicial auction,the network auction shall be the responsibility of the people’s court judicial dominate the whole auction process,with the aid of network service platform,has a wide audience,public transparent,auction the characteristics of low cost,high conversion rates,effective as of January 1,2017 the Supreme People’s Court on the network auction provisions on some issues of justice of the people’s court.Will network judicial auction as principle,judicial auction execution property become the preferred way,including real estate as a real estate executive subject matter and its high value to a large extent determines the degree of the realization of the creditor’s rights,"foreclosure room" is on the rise in recent years,high conversion rates,but also exposed some risk,need to be regulated in practice in the future.This paper mainly includes three parts.The first part introduces the development process of judicial auction and the development trend of online judicial auction.Taking the judicial auction platform "Taobao",which has the widest audience,as an example,the analysis of the general situation of online judicial auction houses can help us to have a general understanding of the current online judicial auction houses.The second part mainly focuses on trading risks existing in the judicial auction houses,combining with the practice of building the specific circumstances of the auction,with bidders Angle,focus on cases of disputes on the home network,summarized the judicial sale risks,and analyze the risk,hope you can help on the bidder’s risk estimate.The third part puts forward suggestions on the legal regulation of online judicial auction of houses according to the transaction risks,and puts forward countermeasures from the perspective of legal prevention mechanism,operation mechanism and supervision system,so as to guarantee the operation of online judicial auction of houses and promote the healthy development of online judicial auction of houses in China.