First, at present, there are two kinds of compensation for demolition, one is compensation according to population, which is suitable for housing renovation in old villages, such as shanty towns. One is compensation according to the demolition area, which is used for urban reconstruction projects. The question I asked you belongs to the urban renewal project, so it is compensated according to the area.

Second, if you are facing demolition, the loan has not been paid off. You have two choices:

One is to choose to move back. This option is that you will continue to repay the loan during the demolition period until you get a new house.

The second is to choose cash settlement. That is to say; Now I spent 500,000 yuan to buy a second-hand house loan of 200,000 yuan. Demolition after 3 years, the market price of the house at the time of demolition was 700,000. In three years, a * * * repaid 60,000 yuan, and still owed the bank 1.4 million. Then the money you get should be; 700,000 minus 654,380,400 bank loans equals 560,000.