Legal analysis: Housing mortgage is one of the ways of debt guarantee. Mortgaged houses need to sign mortgage contracts and handle mortgage registration. If the debtor fails to perform the debt, the mortgagee can exercise the mortgage stipulated in the Civil Code. After the house decides the ownership of the mortgaged house, the parties can directly apply for the transfer registration of the house with the effective judgment of the court, and rename the original real estate license.

Legal basis: Article 410 of the General Principles of the Civil Law of People's Republic of China (PRC) * * * If the debtor fails to perform the due debt or realize the mortgage right according to the agreement of the parties, the mortgagee may agree with the mortgagor to discount the collateral or give priority to compensation with the price of auction or sale of the collateral. If the agreement harms the interests of other creditors, other creditors may request the people's court to cancel the agreement.

If the mortgagee and the mortgagor cannot reach an agreement on the way to realize the mortgage, the mortgagee may request the people's court to auction or sell the mortgaged property.

Where the mortgaged property is discounted or sold, it shall refer to the market price.