The loan to buy an auction house is rotten, and the mortgage will continue to be paid. Although the buyer pays the down payment to the developer, once the buyer mortgages the loan, the bank has already paid the remaining house price to the developer. At this point, the buyer has nothing to do with the developer, but only the debt relationship with the bank, that is, the relationship between the debtor and the borrower. Even if the developer goes bankrupt and runs away, the debt relationship between buyers and banks remains unchanged. Therefore, even if the buyers have any grievances, they still need to continue to repay the loan.

What about the unfinished auction?

1. Class actions can be taken. When making clear the ownership of property rights and deciding to sue the developer, the buyers should work together with other owners, Qi Xin, to avoid some people being compensated and some people not being compensated. Everyone gathers firewood, and the owners speak with one voice and work hard in one direction. The momentum and combat power alone are more concerned than a single industry.

2. In the process of safeguarding rights, buyers must hire professional lawyers, because lawyers can be more professional whether negotiating with developers or coordinating assets with the government, banks and construction parties.

Don't check out easily. Every building has a complicated debt relationship. Developers owe not only the owners' houses, but also bank loans, construction projects and even usury. Therefore, property buyers should not check out easily, and the relationship between owners and developers will become debt.

How to avoid the unfinished business when buying an auction house?

1. View related files.

Let developers issue relevant documents to ensure that they have development qualifications and complete project procedures. Also check whether the house you bought is within the pre-sale range.

2. Read the deposit agreement clearly

Under normal circumstances, buying an auction house requires signing a gold agreement. However, it should be noted that the general amount cannot exceed 20% of the total house payment, so you must first predict your performance ability to avoid being confiscated because you can't fulfill the agreement.

3, distinguish between advance payment and deposit

There is a big difference between the two. The advance payment is a part of the total house price, and the deposit is used as a guarantee. If you pay the advance payment when you buy a house, there is no need to use it as a fine for breach of contract.

4. Pay attention to the housing area.

As we all know, if you can't see the actual situation of the house when you buy an auction house, you can only pay according to the area shown on the drawings, so it is best to agree with the developer on the construction area and interior area in the contract.

5. Provisions on Force Majeure

Housing developers request to postpone the delivery of the house on the grounds of force majeure, so we must attach great importance to the relevant exemption clauses in the contract, and it is best to write clearly which acts are not force majeure.