You must know that a loan house with a mortgage cannot be directly transferred by changing the name of the house. In this case, the buyer needs to repay the loan for the owner, release the mortgage, and then conduct a second-hand house transfer transaction. What issues need to be paid attention to?

There are a few things that buyers should pay attention to when advancing funds

Since the seller’s property is still under mortgage, the balance needs to be paid off before the mortgage can be released, but the seller does not have enough funds to pay off the loan, so in When selling this property, the intermediary will ask the buyer to pay the down payment to the seller to repay the mortgage and release the mortgage. This method is also a common practice in the industry. Only after the mortgage is released can the buyer apply for a loan. After the loan is approved, the transfer can be carried out. Procedures

In fact, the most important risks during this period often arise after the buyer helps the seller pay off the loan. First, the owner regrets the price. Second, the owner maliciously commits fraud. If these two non-performance behaviors occur, the two parties cannot resolve them through negotiation. It can only be handled in accordance with the stipulations in the house purchase contract

This requires detailed stipulations in the house purchase contract to stipulate specific liability for breach of contract

There are several key points during this period. Points that need attention include loan repayment after the down payment, loan processing, online signing, final transfer, etc. You may encounter problems such as the owner not cooperating with the remaining procedures, the buyer applying for a bank loan to purchase a house, and the bank not agreeing to the loan.

When advancing funds for loan repayment, you need to pay attention to the fact that it is best for the buyer to accompany the seller for loan repayment. The buyer's advance funds will not be transferred by the owner, and the owner must sign the down payment receipt (i.e. advance payment) in advance. Once the seller secretly transfers the buyer's advance money, the relevant receipts can be used as a basis for legal proceedings to prove that the owner has received the payment

When applying for a loan, since the property has been released, the buyer can apply for a loan. If the loan fails due to the seller's fault, the seller's responsibility must be stipulated in the contract and the intermediary must be urged to handle it. If the loan fails due to problems such as the buyer's personal credit, it will be more difficult to deal with the buyer's down payment, etc. Before making a transaction, you need to know your personal credit in advance to avoid not being able to get a loan due to your own reasons

When applying for online signing, you must sign online immediately. The advantage of online signing for second-hand houses is that it is impossible for the owner of the locked transaction house to appear unexpectedly. In the case of over-selling of houses, if the buyer advances money and releases the deposit, the owner will not be able to sell it again if he does not cooperate with the transfer.

During the final transfer, the seller needs to hand over the original property certificate and identity certificate and go to the housing authority with the buyer. The transfer procedures in Dongying City are currently dominated by the distribution of two certificates. Therefore, after handling the transfer of the real estate certificate, special attention needs to be paid to the fact that the land certificate also requires the cooperation of the seller

In fact, there is another method that is also very beneficial to this type of transaction. The buyer pays off the loan, and the relevant funds may be deposited into the owner's property payment account. The intermediary can allow the owner to handle the property purchase and sale with full power. Notarization entrusts the intermediary to handle this matter on his behalf. The owner needs to provide two certificates of the property payment passbook for his house. Loan mortgage contract, ID card and other original copies. At this time, the owner needs to pay attention to whether the power of attorney issued to the mortgage intermediary clearly states the specific matters entrusted to the relevant intermediary to handle and cannot include the collection of property payments