The house is rotten, and the mortgage will continue to be paid. Because the debt relationship between the buyer and the bank will not change with the housing situation, the loan relationship only exists between the buyer and the bank. If the developer runs away and the house is not built, the mortgage will still be paid by the buyer, otherwise the bank will hold the buyer accountable. If the house is not completed and refuses to repay the bank loan, the borrower shall bear the liability for breach of contract. If there is a bad house, it is suggested that buyers can join hands with the owners to protect their rights.

Try to urge relevant departments to start rescue procedures, raise funds or find other developers to join. Don't cut off the mortgage without permission, and negotiate with the bank to terminate the mortgage contract. Although the house is rotten, the owner should not cut off the mortgage without permission. If the confession is cut off hastily, it is likely to affect his credit. If the house is rotten for a long time, you can apply to the bank to stop repaying the loan. If the house starts later, consider continuing to repay the loan, but whether it can be successful depends on the negotiation between the owner and the bank.

Treatment of purchasing unfinished buildings

First, clarify the ownership of property rights. Because there are fewer buyers who buy real estate at one time, most of them are mortgaged or phased, so the house they buy becomes an unfinished building, and there is a problem of property ownership. Therefore, we must safeguard our legitimate rights and interests through legal channels. It is better to determine the ownership of your own property rights through legal consultation. It's better to have property rights in hand than nothing. Secondly, buyers can still request the housing management department to handle the real estate license according to the procedures.

After jointly negotiating rights protection and clarifying the ownership of property rights, we will work together with other owners to strive for greater legal support. If the purchase of real estate is only possible, you can test the developer for a little time. If it can raise funds in a short time and complete the follow-up projects, it can minimize the losses of buyers.

If the developer goes bankrupt due to insolvency, the house cannot be returned to the real estate enterprise in case of an unfinished crisis. After check-out, buyers can only get receipts or IOUs instead of the purchase price. The relationship between buyers and real estate enterprises will change from business contact to creditor's rights and debts. The government takes back the project, invites bids according to law, or the developer finds the pick-up man himself.