1. The first method: the seller first pays off the loan and obtains the "Other Warrants" from the mortgagee, and then goes to the real estate trading center to go through the mortgage registration and cancellation procedures. After completing the cancellation procedures, the seller usually It takes about seven days to complete the transfer procedures. If the mortgagee is a bank, you need to make an appointment with the bank for repayment. Some banks also stipulate that "Other Warrants" cannot be obtained on the day of repayment, so sellers should ask the bank in detail about the steps and time required to repay the loan in advance.

2. The second method: go through the bank remortgage procedures (the bank can handle it only when it is the mortgagee). The remortgage does not require the seller to repay the loan in advance and go through the mortgage cancellation procedures, but it is not required for the lender. The review is relatively strict, and there are currently large restrictions on remortgage business, mainly due to policy restrictions imposed by the central bank.

3. The third method: similar to bank remortgage, the buyer applies for a loan to the bank. After the bank approves, the loan will be transferred to the seller's account. The seller will repay the loan and cancel the mortgage before transferring the transaction. In order to ensure the buyer's repayment, the buyer's loan bank will also require the buyer to provide a guarantor guarantee.

There are risks in buying a mortgaged house

1. Repeated mortgages.

Due to lack of funds during the construction process, developers will choose to mortgage part of their houses to banks to obtain bank loans. On the other hand, in order to speed up the withdrawal of funds, they will purchase houses without the consent of the bank and without informing them. Or if the house has been mortgaged, the house will be sold. Such repeated transactions bring hidden dangers to the house ownership registration.

2. Multiple conflicts of interest.

Conflict of interest risks often occur when developers mortgage properties to multiple parties. For example, the developer mortgages the property to multiple mortgagors such as banks, engineering parties, and land management departments at the same time, and the home buyers purchase the property without knowing it. Once the developer's capital chain is disconnected and unable to repay the mortgage loan, the issue of ownership of the house will be dealt with. It will be complicated, ranging from delaying the purchase of the house by the buyer to transferring the property rights of the house purchased by the buyer at the worst.

3. It is difficult to check out.

The developer maliciously concealed the mortgage situation, either by completing the mortgage release procedures and continuing to complete the real estate transaction, or by paying liquidated damages and allowing the home buyer to check out. However, usually checking out is not an easy task, and rights protection will be a long process.

4. Unable to apply for real estate certificate.

When real estate developers conduct transactions with home buyers without repaying their debts, home buyers not only face the risk of losing their down payments, but also because the developers have debt problems, whether they apply to the bank It will be impossible to obtain a loan or sign a formal house purchase contract, not to mention online signing and registration and registration of real estate rights at the housing management department, which will be hindered.