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2. mortgage to buy a house, what if the borrower dies during the repayment period?
This situation also remains to be discussed:
One: If the borrower of this house finds a guarantor when applying for a loan and signs a joint repayment responsibility contract with the bank, then in the case of the borrower's long-term arrears due to death, the lending institution will require the guarantor to fulfill the guarantee obligation, assume joint repayment responsibility and repay the remaining debts.
Two: If there is no third party as a guarantee:
If the borrower chooses the mortgage loan method, then when the overdue time reaches about half a year, the lending institution will generally file a house auction lawsuit, and the proceeds from the auction will be used to pay off the debts first;
Third, banks will take measures to protect their own interests and reduce the risk of capital: when in mortgage to buy a house, ordinary buyers will definitely encounter the situation that banks require lenders to apply for housing loan insurance. If the lender does not want to go through the insurance formalities, the bank will refuse to provide the loan.
From the bank's point of view, it is to resolve risks. When the borrower fails to repay the loan under the above circumstances stipulated in the insurance contract, the insurance company will repay the principal and interest on his behalf.
As far as the borrower is concerned, this is also a kind of risk transfer. When he dies (serious illness and other contractual conditions occur), the repayment burden is reduced.
Therefore, the bank will not lose anything, mainly depending on whether the borrower's family members want to keep this loan house. If you want to keep it, you can only inherit the property, and then the heir will repay the loan in proportion to the inheritance. Then, after paying off all the loans, their families can cancel the house and keep it.
The above is the personal opinion of guarding the home. Welcome to correct me.
3. Who will repay the loan after the lender dies?
According to the relevant laws and regulations, "the lender has died, who will repay it?" The answer is as follows: My analysis is as follows: In the first case, the natural person guarantees the loan. If the borrower's relatives or other third parties sign a joint repayment responsibility contract with the lending institution when applying for a loan, the lending institution will require the guarantor to fulfill the guarantee obligation, assume the joint repayment responsibility and repay the remaining debts in the case of the borrower's long-term arrears. In the second case, if the borrower chooses the mortgage loan method without any third-party guarantee, then if the overdue time reaches about half a year, the lending institution will generally file a lawsuit to auction the house, and the proceeds from the auction will be used to pay off the debts first. Of course, if the family of the missing person repays the loan on his behalf, then after the loan is fully paid off, his family members can go through the formalities of canceling the mortgage registration and then keep the house. In the third case, the borrower originally chose an unsecured loan, and did not provide collateral or a third-party joint liability person, so the loan does not need to be repaid.
4. Who will repay the loan after the lender dies?
Repayment shall be made by the heirs of the lender's estate, and the heirs shall pay off the arrears within the actual value of the acquired estate.
Legal basis: Article 1161 of the Civil Code: The successor shall pay off the taxes and debts that the decedent should pay according to law within the limit of the actual value of the acquired estate. Points, the heir voluntarily pay this limit.
If the heir renounces inheritance, he may not be liable for paying off the taxes and debts that the decedent should pay according to law.