After the house is mortgaged, the other rights of the real estate license will be marked as "mortgage". Even after the mortgage loan is paid off, people must go through the relevant formalities at the housing management office and cancel other rights in the "mortgage", otherwise the house will still be registered. Only when other rights are cancelled can the owner exercise other rights of the house. It is understood that after the original title certificate is mortgaged to the bank, there are two mortgage methods, and the cancellation procedures of other title certificates are also different: the simplest case is that after the loan is completed, the buyer directly contacts the bank to handle the relevant procedures. Under normal circumstances, customers only need to take the buyer's ID card, collateral certificate, loan contract, policy copy and invoice to cancel other property certificates and get their own property certificates back. The second situation is a little more complicated. According to the agreement between the developer and the bank at that time, in addition to repeating the above process, sometimes the buyer has to go through the formalities of canceling the mortgage registration, that is, after the buyer and the bank complete the settlement formalities, the bank or the buyer will go to the housing management office to go through the formalities of canceling the mortgage registration with the repayment certificate. However, different banks and housing managers have different procedures and requirements, depending on the situation. There is another problem that needs our attention. When the mortgage is released, it doesn't mean that it will end when we ask other warrants and banks to come out. The reason why the bank will return the other warrants to the parties means that the creditor-debtor relationship has ended, so it is necessary for the issuing center to cancel the other warrants of the house according to law with these other warrants and loan repayment certificates. After the audit is completed, the cancellation procedure will be officially completed in about five days. This is all about how long it will take to cancel the arrest warrant after being released.
Legal objectivity:
Article 188 of the Company Law of People's Republic of China (PRC) After the liquidation of the company, the liquidation group shall prepare a liquidation report, submit it to the shareholders' meeting, the shareholders' meeting or the people's court for confirmation, and submit it to the company registration authority to apply for cancellation of company registration and announce the termination of the company.