Can overdue mortgage be remedied by being sued?
If the mortgage is sued for overdue, the customer still has a chance to remedy it. As long as the arrears are settled before the court accepts it, the bank will naturally withdraw the lawsuit.
1. Customers who are temporarily unable to pay off their debts can also take the initiative to contact the bank to negotiate repayment before being accepted by the court. First, make it clear that you are temporarily unable to repay the debt, indicating that you are not intentionally overdue, then express your sincere willingness to repay, and then try to apply for an extension of the repayment period and repay the debt by installments.
2. The customer can provide relevant certification materials (such as labor contract termination certificate, etc.). When negotiating, the bank will consider it as appropriate. If the bank finally agrees, it will naturally withdraw the lawsuit, and then discuss with the customer a new repayment plan, and the customer will repay according to the new repayment plan.
In addition, customers can try to borrow money from their family and friends to pay off their debts. Pay off the mortgage debt first, and then return the money to relatives and friends. At least relatives and friends will not charge interest on borrowing money, and the repayment period is negotiable.
What impact will overdue mortgage have?
1, the credit information is tainted.
If it is overdue only once in a while, then as long as you have a good attitude, explain to the bank in time and pay off the money, there may be no credit stain. However, if it is overdue for many times, then the bank will definitely have a record, so that personal reputation will be affected. In addition, it is very difficult to remove these credit stains. Even if you want to borrow money to buy a house in the future, you will be rejected by the bank.
2. Being punished by the bank, and even being required to repay in advance.
Generally speaking, if the payment is overdue for three consecutive times or accumulated, the bank may make a door-to-door dunning, and some banks may demand a penalty interest. And when you are overdue for more than six times in a row, some banks will even ask the lender to pay off the full amount in advance. Because in this case, the lender's credit is no longer trusted by the bank, so the bank has the right to demand early repayment.
If it is overdue for many times, the bank will take back the house through legal means.
Occasionally, the overdue repayment may be due to the circulation or forgetting of funds, but if the repayment is overdue for many times, the bank will re-evaluate the repayment ability of the lender. Once it is determined that the lender is unable to repay the loan, the bank will take back the lender's house through legal means to make up the loan amount.
The above introduces to you whether overdue mortgage can be remedied by being sued, and what impact will overdue mortgage have. After reading it, you should already know something about it. In fact, if you have no repayment ability for the time being, you can communicate with the bank and actively negotiate repayment. Overdue mortgage has a great influence on the repayment person, which will not only require early repayment, but also leave a stain on the credit information.