2. On the premise of fulfilling the notification, after the developer signs the real estate sales contract, the mortgagor will raise funds by himself and return the sold house with the corresponding amount in advance at one time. After the mortgage registration is cancelled by the housing management department, the sales contract shall be registered for the record.
3. After the buyer signs the contract with the developer, the buyer, the developer and the supplier agree to pay. The purchaser will deposit the purchase money into the account designated by the bank, which is specially used to repay the loan that the real estate developer should pay to the bank.
4. After purchasing the house, the buyer took out a mortgage loan for part of the purchase price before the loan was paid off. The buyer transfers his property again. After signing the contract with the second buyer, the original buyer and the second buyer apply to the bank for remortgage.
Legal basis: Article 394 of the Civil Law of People's Republic of China (PRC) guarantees the performance of debts. If the debtor or a third party mortgages the property to the creditor without transferring the possession of the property, the debtor fails to perform the due debt or the creditor has the right to receive priority compensation for the property.
The debtor or the third party specified in the preceding paragraph is the mortgagor, the creditor is the mortgagee, and the property that provides guarantee is the mortgaged property.