Legal basis: Provisions of the Supreme People's Court on Auction and Sale of Property in Civil Execution of People's Courts Article 25 For real estate or other property rights that are still auctioned in the second auction, the people's court may, in accordance with the provisions of Article 16 of these Provisions, hand them over to the applicant executor or other executing creditors to pay off debts. If the application executor or other enforcement creditors refuse to accept or fail to pay off the debts according to law, the third auction shall be held within 60 days. If the third auction fails and the applicant executor or other enforcement creditors refuse to accept the real estate or other property rights to pay off debts according to law, the people's court shall issue a notice of sale within seven days from the end of the third auction. If no buyer is willing to buy the property at the reserve price of the third auction within 60 days from the date of announcement, and the application executor and other enforcement creditors still refuse to accept the property to pay off their debts, the seizure and freezing shall be lifted and the property shall be returned to the person subjected to execution, except that other enforcement measures can be taken for the property.