Core Viewpoint - The purchase of judicial auction properties is a combination of judicial procedures and market transactions, requiring careful navigation of official channels to mitigate potential risks [1][8]. Group 1: Platforms and Channels - The "People's Court Litigation Asset Network" is the core platform for judicial auction properties, covering over 95% of properties across 31 provinces, providing essential information such as auction announcements and evaluation reports [1]. - Provincial high court websites and government-designated platforms are directly connected to the court system, ensuring transparency in the auction process, with new regulations in 2023 mandating the disclosure of land nature and leasing conditions [3]. Group 2: Bidding Process - Participants must register on the platform, complete real-name verification, and pay a deposit of 5%-20% of the starting price to participate in the auction, which follows an ascending price model [3]. - Successful bidders must pay the remaining balance within a specified timeframe, typically through bank transfer to a court-designated account, and must handle the transfer of ownership at the real estate registration center [5]. Group 3: Due Diligence and Risks - It is crucial to conduct thorough due diligence, including verifying property status and potential liabilities, as judicial auction properties are sold "as-is," meaning buyers must address any existing issues such as unpaid fees or tenant occupancy [5][6]. - Special attention is required for properties with complex ownership, such as those owned by bankrupt companies, which may involve intricate debt disputes [6]. Group 4: Financial Considerations - Buyers should be aware of the tax implications associated with purchasing judicial auction properties, including transaction taxes and potential double transfer fees if the original owner has not completed property registration [5]. - The cost-effectiveness of judicial auction properties is not inherent but achieved through rigorous information screening and risk management [8].