If the highest bidder in a court-announced auctioned property fails to pay the winning bid of an auctioned property, what happens to the deposit paid by that bidder at the time of bidding?

If the highest bidder fails to pay the price of the property, the deposit paid at the time of bidding will be confiscated. The deposit can be as high as millions or tens of millions of yen, so it is advisable to carefully investigate the property and prepare funds before bidding on real estate for auction.