If the mortgage is overdue for 6 times or more, the bank may be forced to repossess the house. Generally speaking, if the lender is overdue for more than 6 times in a row, the bank will bring a lawsuit to the court and ask the lender to repay all the principal and interest in advance. If the lender cannot repay all the principal and interest through litigation, the bank will apply to the court for sealing up and auctioning the lender's property. And if the auction money is not enough to repay all the loans, then the lender will continue to repay the remaining loans.
Under normal circumstances, you can't apply for a mortgage if it is overdue for six times. At present, according to the bank's regulations on the number of bad credit records, the borrower will not be eligible to apply for a loan if he fails to repay the loan for three consecutive times, totaling six times. If the borrower is not maliciously overdue, but has a bad credit record, then the borrower can submit loan information, issue a non-malicious debt certificate issued by the relevant bank, and then continue to apply for a loan from the bank.
Legal basis:
Article 22 of the General Principles of Loans: If the borrower fails to perform the obligations stipulated in the loan contract, the lender has the right to require the borrower to repay in advance or stop paying the loan that the borrower has not used. When the loan will suffer or has suffered losses, measures can be taken according to the contract to prevent the loan from suffering losses.
Article 32 The borrower shall repay the loan principal and interest in full and on time in accordance with the loan contract. The lender shall promptly issue a notice of overdue loan collection, and do a good job of overdue loan principal and interest collection. Lenders charge interest on loans that cannot be repaid within the time limit stipulated in the loan contract; If the principal and interest cannot be repaid or executed, it shall be urged to repay or bring a lawsuit.