First of all, timely communication is the key. If you do encounter financial difficulties and can't repay in full when due, you should contact the lending institution immediately, explain your situation sincerely, and request to postpone repayment or adjust the repayment plan. This can avoid the extra cost and possible credit record impact caused by overdue.
Secondly, consider borrowing to solve it. If asset mortgage is a problem, but you don't want to lose your property, you can try to borrow money from relatives and friends or legal financial institutions and pay off the loan as soon as possible. Although this may require some face, in the long run, it is more important to avoid assets being auctioned.
However, if all efforts fail, the lender may take legal measures to auction your assets publicly. Auctions are usually held in a short time to recover funds as soon as possible. The auction price is usually lower than the market price. Because financial institutions pursue quick liquidation, your assets may be sold at a lower valuation, and the proceeds will be used to repay the loan first and the rest will be returned to you.
Generally speaking, in the face of the situation that the loan cannot be repaid at maturity, communicate with the lender as soon as possible, find a suitable solution, try to avoid the assets being auctioned, and safeguard your financial situation and personal credit.