Pending Liquidation
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If a borrower's health factor goes below 1 or is in overdue condition, borrower's deposited NFT is in the status of pending liquidation, see more in There will be two possibilities:
A: The first person makes a bid, the liquidation is triggered successfully and the deposited NFT enters the auction process, see more in . If no one follows the auction later, the first person will be the winning bidder.
B: No one makes the bid. Liquidation process won't be triggered, the deposited NFT will stay in the pools and become Bad Debt, see more in the .