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Banks use real estate as collateral. If the money is not paid, what should I do with the property?
According to the loan contract and guarantee contract (mortgage loan or pledge loan contract), the bank will sue the court, and the court will take measures such as property preservation, including freezing the deposits in all bank accounts of you and the loan guarantor and sealing up the pledged property.

After the judgment is made, the property will be enforced according to law (deducting deposits, auctioning collateral, etc.). ) to repay the bank's loan losses. Specifically, it includes: loan principal, loan interest, overdue interest, penalty interest and all litigation costs arising therefrom, and related expenses incurred when disposing of mortgaged property.

The consequences of not repaying the mortgage after maturity are as follows:

Adverse consequences one

Your credit will be affected, and personal nominal loans will also be recorded as overdue loans in the national personal credit information consultation system. If the bank you borrowed doesn't erase your records, you may not be able to get loans from all banks in the future, and your credit information will be blacklisted, which may restrict your travel, prevent you from flying and going abroad, and you may not even be able to buy train tickets in the future.

Adverse consequences 2

If you provide false information or false information when making a loan, the lending institution may sue you for defrauding the loan. If the fraudulent loan is true, it may be sentenced for fraud.

Since the mortgage loan of real estate is not repaid at maturity, it is necessary to make arrangements in advance when you know your actual situation and expect that the loan will not be repaid:

1. If the family changes or encounters difficulties, it is difficult to renew the loan. The best way is to sell the property as soon as possible, and part of the house price will be used as a loan repayment, and the rest will be kept for personal use. This will be much more than the remaining house price obtained by the bank's auction of real estate, and will not be included in the bank's blacklist, nor will it affect future loan applications.

2. If the funds are tight at present or in the short term, you can call the bank on your own initiative and ask for an extension of the repayment period. Banks have this business, and its specialty is called "extension". Although the delay will also have a bad record, it shows that you have a good willingness to repay in the future, which is different from "malicious breach of contract".

Therefore, if you find that your mortgage loan cannot be repaid after it expires, you should control the loan amount when applying for a loan and apply according to your acceptable repayment ability.