Whether it is a large-scale or individual situation, there will be the following process:

1. If the buyer fails to repay the loan within the first month, the bank will call the buyer to inform you that it is overdue and urge him to repay the loan.

2. If there is still no repayment after urging, and the loan is still overdue in the second month, the bank's credit staff will come to the door or go directly to their unit for dunning.

3. In the third month, if the buyer still fails to repay, the bank will send a lawyer's letter and enter the judicial process. Once in the judicial process, it also means that the buyer's house will be auctioned.

Mortgage default will also bring many adverse consequences to buyers:

1. Penalty interest

There will be a penalty interest after loans overdue, and the interest rate is very high. Even if the buyers make up the loan later, they still have to face the penalty interest of the bank. The amount of penalty interest is clearly stipulated in the loan contract signed by the buyer and the bank.

2. Suffer economic losses

In fact, being punished for short-term breach of contract is not too serious. If the breach of contract is serious and you don't pay it back, you may suffer even greater losses. If the buyer fails to repay the mortgage for six months in a row, the bank will apply to the court to auction the buyer's house. The cost of the house auction should be used to repay the loan and interest first. If it is not enough to repay, it needs to continue to compensate. At this time, the loss will be even greater. Not only is the house gone, but the money is gone, and even the down payment and tax paid before are gone.

3. Affect the buyer's credit information.

The interruption of supply will affect the buyer's credit information, and some people think that it doesn't matter if you don't pay compensation after a short-term default. If you don't repay for a long time, you may be blacklisted and become an old lai, which will have an impact on the buyer's travel and work.

Therefore, if it is not a special case, we must be careful not to cut off the supply. If it is possible to cut off the supply, you can also apply to the loan bank in advance to inform the situation, and the bank will help propose a solution.