When handling the mortgage loan of real estate license, the borrower must handle the house ownership certificate. Because, if you don't go to the real estate registration agency for mortgage registration, your mortgage right will not be protected by law; On the contrary, when the borrower fails to repay the loan, the bank can auction it, and the proceeds can be used to repay the principal and interest of the loan first.
In addition, when the borrower pays off the loan in accordance with the contract, he needs to go through the mortgage cancellation registration formalities with the local real estate transaction registration department and the bank agent * * * with the mortgage cancellation certificate issued by the bank and his valid identity certificate.
Article 14 of the Provisional Regulations on the Registration of Real Estate applies for the registration of real estate due to sale, mortgage, etc. , both parties apply together. In any of the following circumstances, the parties may apply unilaterally:
(a) unregistered real estate for the first time to apply for registration;
(2) Inheriting or accepting bequests to acquire real estate rights;
(three) the establishment, alteration, transfer or elimination of real estate rights by effective legal documents or decisions of the people's government;
(four) the name, ownership or natural conditions of the obligee have changed, and the application for registration of change has been made;
(five) the loss of real estate or the right holder to give up real estate rights and apply for cancellation of registration;
(six) to apply for registration of correction or objection;
(seven) other circumstances stipulated by laws and administrative regulations that can be unilaterally applied by the parties.