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My cousin is about to turn 40. To get married, he scraped together money and bought a foreclosure house in Hangzhou that was a million yuan cheaper than the market price.
He thought he had found a great deal and kept telling everyone about his experience researching court auction rules.
On the day he received the property deed, he took the renovation team to move in, but he was stunned when he opened the door.
In the living room, an eighty-year-old man on a ventilator was lying there, and a man with a face full of flesh sat nearby.
The man handed over a rental contract that lasted twenty years, and the rent had already been paid in full once.
According to the legal principle that “sale does not break the lease,” the colleague had no right to evict the tenant inside.
The man set a condition: as long as they paid two million yuan in “moving fees,” they would leave immediately.
The colleague went to the court for help, but the court said it was a civil dispute and advised them to negotiate on their own.
That’s when he realized that this house was not a loophole at all, but a trap set by the original owner and a professional deadbeat together.
That cheap one million yuan was specifically used as bait to lure naive lower-middle-class people like him who think they’re clever.
I told him to beat a drum at midnight every night—do you think there’s any other way?