On Alibaba's judicial auction website, luxury houses are auctioned every moment.
The essence of judicial auction is that there is no money to repay the loan, and the court will cash out at a discount lower than the floor price based on the appraisal price. Generally, the house is gone, and the owner still owes the bank the balance, so many people are auctioned off when they are desperate.
Many luxury houses can be seen with exquisite decoration when you click in, but now they are covered with dust and the owners are in a miserable situation.
It is more difficult to keep wealth than to seek wealth, so be careful.
