fund supervision is a kind of security system in second-hand housing transactions, which is not mandatory. Buyers and sellers of second-hand housing can use it according to their needs. The most vivid example is Alipay when buying and selling goods.

if there is still outstanding loan in the second-hand house, and the seller pays off the loan with the buyer's down payment, cancels the mortgage of the house, and then transfers the property to the buyer. The buyer is worried that the seller will use the money for other purposes, and the property cannot be transferred, so both parties can use the funds to monitor. Fund supervision is to keep the house payment that the purchaser has paid in a third-party fund account agreed by the upper and lower households for special purposes. In other words, it can only be used to pay off the last loan, so as to ensure the smooth and safe transaction process.

Second-hand housing fund supervision process

1. Second-hand housing fund supervision process-full payment:

① The Buyer and the Seller sign the Second-hand Housing Purchase and Sales Contract, and both the Buyer and the Seller * * * propose to handle the transaction fund supervision service requirements;

② The buyer swipes the card at the store (provided by the fund supervision core) to pay the full amount, and the money directly goes into the fund supervision account, which is supervised by XX Bank. At the same time, the Buyer and the Seller sign the Agreement on Fund Supervision between the Buyer and the Seller;

③ shops and real estate markets handle the formalities of tax payment and transfer for buyers and sellers;

④ after the transfer formalities are completed, according to the authorization of the buyer and the seller, the bank will allocate the purchase price according to the instructions.

2. Second-hand housing fund supervision-down payment (loan):

① The Buyer and the Seller sign the Beijing House Purchase and Sales Contract, and both parties * * * put forward the requirements for handling the transaction fund supervision service;

②XX bank reviews the qualifications of the buyer and the seller, and signs loan-related contracts with the buyer;

③ evaluate the property and determine the down payment amount according to the evaluation report;

④ The buyer pays the down payment by swiping the card with the POS machine in the store, and the money directly goes into the fund supervision account, which is supervised by the bank. At the same time, the Buyer and the Seller sign the Agreement on Fund Supervision between the Buyer and the Seller;

⑤ shops and real estate markets handle the formalities of tax payment and transfer for buyers and sellers;

⑥ after the transfer formalities are completed, the bank will pay the down payment according to the instructions according to the authorization of the buyer and the seller;

⑦ the bank shall pay the final payment to the seller after seeing the other right certificate.

Risks of second-hand housing without fund supervision:

1. If both parties to the transaction insist on paying the house price by themselves without fund supervision, the risks they will face include: the seller cannot obtain all the house price; The buyer can't get the ownership of the house within the time agreed in the contract, and can't recover the paid house price.

2. under the premise of not supervising the funds, when the buyer needs to transfer the house in full and the final payment is delayed, the seller has a very high risk. For example, if the buyer has very little free funds and wants to obtain funds by purchasing mortgage loans, so as to realize the rolling purchase of multiple houses, this will easily lead to the break of the capital chain, which will lead to the seller's failure to recover the final payment, and at the same time, the house property rights have been transferred and the house ownership has been lost.

3. If the seller's house is still mortgaged and wants to use the buyer's funds (down payment) to release the mortgage, there are risks: the first possibility is that the seller will use the buyer's funds for other purposes, resulting in the house not being released as scheduled, resulting in the failure to transfer the house smoothly; The second time, it may be that there are many mortgages in the seller's house, and the money paid by the buyer can only solve some of the mortgages, which leads to the delay in the mortgage release of the house. For the buyer, the transaction is delayed, and the money and house are empty.