If the building is shut down, the loan will not be repaid. Due to the shutdown of real estate, it is impossible to hand over the house on time, which belongs to the problem of the relationship between the sale and purchase of commercial housing, and the legal relationship with mortgage loans is relatively independent, so the purchaser cannot be directly given the right to stop lending. If the bank doesn't agree and the court doesn't support it, then stopping the loan will constitute a breach of contract, which will not only affect the credit investigation, but may also be prosecuted or even enforced. Therefore, if the construction is stopped, the house cannot be handed over and the loan cannot be stopped without authorization.

When the auction house is closed, which departments can the owner appeal to?

(1) Complain with the real estate management agency and other departments where the commercial house is located.

(2) Call the owners to take legal procedures to appeal for rights protection. According to the relevant provisions of laws and regulations, real estate disputes in the process of purchasing houses can be resolved through negotiation, mediation, arbitration, administration and litigation.

What should the owner do if the auction house stops working?

If the owner has signed a loan contract with the bank, but the house has stopped working, in this case, the mortgage must not be broken, otherwise the bank will directly blacklist you, which will have a great impact on you.

(2) If the building has been shut down, it is generally because the developer's capital chain is broken, so it will default on the project payment. We can organize other owners to go to court together. In this case, we must take action and actively cooperate. Only in this way can we get legal support.

(3) Communication with the developer can give the developer some time to get the funds ready in a short time and continue to develop the project, which will minimize the loss to the owner. If the developer is insolvent and declares bankruptcy, then the owner hopes Qi Xin will agree to take legal procedures to obtain compensation. Some owners may not get any compensation in the end if they don't sue in time.