If the mortgage is really lost, what harm will it do?
1, economic loss
If the supply is really cut off, the down payment, commission, taxes, agency fees and even the maintenance fund will not be recovered. Including the monthly payment you have already paid, will not be recovered.
The bank will also punish you, and the overdue penalty for mortgage is relatively high. The longer the mortgage is suspended, the higher the fine, and the more unfavorable it is to the buyers.
2. Credit information is damaged.
If you breach the contract, it will be recorded in your bank credit information system and enjoyed by * * * *. In the future, your loans, handling credit cards, and even taking high-speed trains or airplanes may be affected to varying degrees. It's almost impossible to borrow money next time.
3. House auction
If you can't continue to repay the remaining loan and the bank can't recover the loan, then the house can only be auctioned at a low price. If sued by the bank, it may also bear liquidated damages and repay all remaining loans and litigation costs. If your house is not enough to repay the bank loan after the auction, the bank has the right to freeze your bank property, even your personal property. Finally, we will make up for the loss through various channels until the defaulter pays off all the debts.
Generally speaking:
If the supply is cut off for the first time: the bank will notify or remind you by phone or SMS.
If the mortgage is cut off for more than three times in a row: the account manager of the bank will call for payment, and the borrower will be deducted.
The mortgage has been cut off for more than six times: the bank lawyer communicated by telephone and the property was frozen by the bank. If negotiation fails, the bank will go through legal procedures and auction the house.
What if it is really impossible to repay because of financial problems?
1. Apply for deferred repayment.
First of all, the borrower can only apply for deferred repayment, and the sum of the original loan term and the extension cannot exceed 30 years, which means that if your loan term is 30 years, you need to repay in advance after applying for extension. The specific operation steps are slightly different from bank to bank. Basically, it is to submit an application for extension, and the bank can go through the relevant procedures after approval.
Step 2 sell real estate
You can sell the property after consultation with the bank, and the sold property will be used to repay the remaining loans of the bank. Or coordinate the bank to sign a mortgage contract with a new buyer, and the new buyer will continue to repay the bank loan later. Of course, this is the case that the repayment cannot be made after the repayment is postponed.
3. Real estate bank auction
Bank auction of real estate is the last resort. If you auction your property through bank land price, the bank will directly deduct all the money you owe, and if there is any remaining money, it will be returned to you. But if it is not enough to repay, the borrower still needs to continue to repay.
Therefore, when buying a house, we must do what we can, and at the same time pay attention to saving some property to deal with emergencies. The reasonable state is that the monthly payment accounts for less than 1/3 of the total family income. If there is an emergency, it is definitely not wise to cut off the supply and abandon the house. At the same time, try to avoid losing your credit information, otherwise it will be very troublesome to deal with the bank later.
Source: Network
(The above answers were published on 20 18-03-27. Please refer to the actual situation for the current purchase policy. )
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