I don't think so. The developer guarantees you at the bank. If you can't repay the loan, the bank will contact the developer to auction your house, but this has nothing to do with the ownership. The developer wants to give you a real estate license. Only your name will appear on the real estate license, and the name of the developer will not appear. In the process of mortgage, although the buyers will mortgage the purchase money to the bank, because most of the houses are auction houses, banks often require developers to provide phased guarantees for the buyers, and some banks even require developers to bear joint and several guarantee responsibilities during the loan period. Among them, the bank is the creditor, the buyer is the debtor (also known as the guarantor) and the developer is the guarantor.