Court-auctioned properties, also known as "judicially foreclosed real estate," refer to properties compulsorily auctioned by courts through enforcement procedures. When debtors (property owners) fail to fulfill loan contracts or settle obligations, creditors may petition courts for judicial enforcement. The court then auctions the debtor's property to repay debts using the proceeds. Properties auctioned through this process are termed court-auctioned properties.
Primary reasons for the transition of normal real estate assets to court-auctioned status include:
- Resulting from commercial loans: Homebuyers or enterprises default on mortgage loans or business operation loans. Banks initiate litigation to auction mortgaged properties for debt recovery.
- Resulting from private lending: Properties serve as collateral for private loans. Upon default, creditors unable to settle via asset transfer may petition courts to enforce auctions, presenting mortgage certificates or loan agreements as evidence.
- Resulting from financial crimes
- Resulting from judicial confiscation
- Resulting from ownerless assets
Since 2017, the comprehensive adoption of online judicial auctions has led to a rising trend in court-auctioned property data.
CnOpenData systematically collates court-auctioned property information into five datasets: Basic Property Information Table, Bidding Information Record, Auction Announcement Table, Subject Matter Information Table, and Auction Notice Table. The Basic Information Table details auction schedules, transaction statuses, reserve prices, and transaction values, providing high-quality, unique real estate data that robustly supports related research.
Time Coverage
2012–June 30, 2025. The Auction Notice Table covers data until 2022, with no subsequent updates.
Data Scale
Field Display
Sample Data
Basic Property Information Table
Bidding Information Record Table
Auction Announcement Table
Subject Matter Information Table
Auction Notice Table
Relevant Literature
- Pan Yue, Ji Xiangge, Yang Lingling et al., 2023: Online Judicial Auctions and Credit Resource Allocation, Journal of Financial Research, No. 11.
Data Update Frequency
Annual updates