With no one in the house, the monthly payment will continue.
Lawyer Wei Yongwen of Guo Hui Law Firm explained, "If someone is lost in the house, according to the Contract Law and the mortgage contract signed between the borrower and the loan bank, the borrower is still obliged to pay off the outstanding loan principal and interest." In other words, if your house collapses, you must continue to pay the monthly mortgage. Bankers explained that loans are the relationship between banks and borrowers, and houses are collateral and supplements. So the house is gone, and it can't be used as an excuse not to pay the mortgage.
For people who have lost their houses, it is obviously worse to pay the monthly bills when the houses are gone. If you haven't bought relevant property insurance before, how to settle the claim? "The house is damaged. Without any insurance, the owner of the house can only bear the losses caused by the damage to the house. However, from the perspective of government assistance, the government usually gives certain compensation to the affected people so that the affected people can be properly resettled and rebuild their homes. " Lawyer Wei explained.
When people leave, the house becomes an inheritance.
Lawyer Wei explained that according to the relevant provisions of the Inheritance Law, real estate is included in personal heritage. First, the heir will use the person's estate to pay off his living debts (including mortgage loans and other debts, of course), but paying off debts is limited to the actual value of his estate. There is no legal basis for "paying debts to father". Of course, the law does not apply to debts that exceed the actual value of the estate.