Buying a house with a loan is like buying this house with a loan from a bank. The bank gives you the house on credit, and the property right of the house belongs to your name. But because the money is not returned, the bank will take back the house.

In fact, what the bank repossesses is not so much a house as an asset. By auctioning assets, you can repay the debts owed to the bank. However, the problem of the house will be a little more complicated, because the house price is not always the same, there are ups and downs.

Therefore, strictly speaking, banks have no right to take away houses, but they can apply to the court for auction of houses to repay their debts. Then, in the specific implementation process, it is roughly such a situation. If you don't pay the loan for three consecutive months, or if it is overdue for more than six times in one year, the bank has the right to bring a lawsuit to the court and apply for sealing up your property.

I hope I can help you.