If you can't pay the bank mortgage, the bank will handle it like this:

In the first month, if you are in loans overdue, the bank will inform the buyer. Because some people are dishonest in repaying loans, it may be caused by business trips, family changes and other reasons.

In the second month, if the buyer still fails to repay the loan within the time limit, the bank staff will come to the door or go directly to their unit for dunning.

In the third month, if the buyer still cannot repay the loan, the bank will send him a lawyer's letter. At this time, it also marks that the disposal of the buyer's property has entered the judicial process. "No bank wants to see this step." Once in the judicial process, it also means that the buyer's property will be auctioned.

Second, the mortgage has not been paid for several years. Will the bank be punished?

Failure to repay the mortgage as agreed is a breach of contract, and it will bear the liability for breach of contract and pay liquidated damages. Breach of contract violates the relevant provisions of People's Republic of China (PRC) Contract Law. The bank may require it to bear the liability for breach of contract before the expiration of the performance period.

Liquidated damages refer to the money that one party should pay to the other party when it breaches the contract according to the agreement of the parties or the direct provisions of the law. The standard of liquidated damages is money, but the parties may also agree that the subject matter of liquidated damages is other property than money. Liquidated damages have the effect of guaranteeing the performance of debts, punishing the defaulter and compensating the losses of the innocent party. Therefore, some countries regard it as one of the measures to guarantee the contract, while others regard it as a way to bear the responsibility for breach of contract.

Liability for breach of contract is the abbreviation of civil liability for breach of contract, which refers to the civil liability that a party to a contract should bear if it fails to perform its contractual obligations or fails to perform its contractual obligations in conformity with the agreement.

If the mortgage loan is not paid in time, the bank will take the following measures:

If there is no one-time repayment, the bank will notify you by phone or SMS and remind you to repay on time, and will also generate penalty interest.

If the repayment is not made for three times in a row, the bank account manager will make a collection and the borrower will be punished.

If the number of overdue repayments reaches six or more times, the bank will protect its rights and interests through legal means, and may freeze its assets during this period.

If the bank fails to negotiate with the borrower, the bank will auction the mortgaged property through legal procedures.

3. What will the bank do if the mortgage is not repaid on time?

If the mortgage is not repaid on time, the bank will collect it and even file a lawsuit.

When the mortgage is overdue, the bank will first urge the borrower to repay.

If it is confirmed that the debtor can't repay the loan after collecting the mortgage loan and can't think of other solutions, the bank can take the borrower to court and ask the house to be auctioned for repayment.

Banks collect or even dispose of collateral through legal means such as litigation, during which the borrower's mortgaged property will be frozen or even auctioned.

After the borrower's mortgaged property is auctioned, the bank will repay the loan principal and interest with the auction money first, and the remaining money will be transferred to the borrower's account.