Conclusion: Compulsory execution of the house property requires the creditor's application. After the court accepts, seals up, and evaluates, the proceeds are realized through auction or sale. The proceeds are paid first, and then the priority creditor's rights and ordinary creditor's rights are repaid. If the proceeds are insufficient, the person subjected to execution will continue to repay, and if there is any surplus, it will be returned to the person subjected to execution. Legal analysis: According to the Civil Procedure Law of the People's Republic of China and other relevant laws, when the debtor fails to perform its debts, the creditor can apply to the court to enforce its property to realize its creditor's rights. At the time of application, effective legal documents and other materials shall be provided. After the court accepts the application, the house shall be sealed up and the transfer shall be restricted to ensure smooth implementation. Entrust appraisal to determine the value of the house and provide reasonable price reference for auction or sale. The auction follows the principle of open bidding, and the sale is carried out in other ways to realize the real estate. The realized funds shall first be used to pay the evaluation fees, auction fees and other expenses incurred in the implementation process, and then to pay off the priority claims, such as mortgage claims, to protect the rights and interests of the priority creditors. Then the ordinary creditor's rights will be repaid. If the amount is insufficient to pay off all the debts, the person subjected to execution shall still be responsible for the remaining debts; If there is any surplus, it will be returned to the person to be executed, reflecting the principle of fairness. If you have questions about the enforcement of debt repayment on the property, you can consult with professional legal personnel to protect your legitimate rights and interests.
