Usually, there are two ways to guarantee foreclosure, one is line foreclosure and the other is cash foreclosure.

1. Foreclosure process: apply for prepayment and print the repayment list → do the notarization of foreclosure entrustment → the owner applies for foreclosure loan → the customer applies for mortgage loan → the bank approves the loan → the bank issues a letter of commitment → the guarantee company issues a letter of guarantee → the bank issues a foreclosure loan to the guarantee company → the guarantee company repays the foreclosure money → obtains the original title certificate → cancels the mortgage;

2. Cash foreclosure process: apply for prepayment and print repayment list → do foreclosure entrustment notarization → customer apply for mortgage loan → bank approve loan → bank issue commitment letter → guarantee company approve → repay foreclosure → get original title certificate → cancel mortgage.

Second, the foreclosure process.

Terminology of foreclosure and second-hand housing transactions. Pay off the mortgage principal and interest of the seller's house, cancel the mortgage registration and redeem the first-hand certificate. Redemption of first-hand vouchers and cancellation of mortgage registration shall be deemed as the completion of redemption. There are two main forms of second-hand housing foreclosure business: one is cash foreclosure and the other is quota foreclosure. The business process of redemption is as follows: 1. Real estate buyers and sellers reach a deal and sign a sale agreement; 2. The property buyer chooses the loan bank, the seller applies to the original loan bank for early repayment of the loan to redeem the building, and the buyer applies to the bank for a second-hand house mortgage loan, and submits the information required by the bank to handle the fund supervision procedures; 3. If the bank intends to issue a second-hand mortgage loan to the buyer after preliminary examination, it shall issue a second-hand mortgage loan commitment letter; 4. The buyers and sellers of real estate apply to the financing guarantee company for mortgage loan guarantee, sign the guarantee documents and submit the required materials to the financing guarantee company; 5. After investigation and approval by the financing company, the buyers and sellers of real estate go to the notary office for full authorization notarization; 6. The seller or buyer of real estate shall pay the guarantee fee and handling fee to the financing guarantee company; 7. After the guarantee is approved, the financing company signs a guarantee contract with the bank; 8. With the approval of the bank, it was agreed to repay the loan in advance, and the financing guarantee company repaid the seller's original loan balance to the bank, and the foreclosure was successful; 9. The handling personnel of the financing guarantee company shall go through the formalities of foreclosure, licensing, cancellation of mortgage registration and transfer registration; 10. After issuing the certificate, the buyer shall go through the mortgage registration formalities with the bank; 1 1. After the mortgage registration is completed, the bank agrees to lend to the buyer; The guarantee liability of the financing guarantee company is lifted.

3. Shenzhen Provident Fund Redemption Process?

The foreclosure process of the original provident fund mortgage is: sign a foreclosure contract with the guarantee company or individual, and then apply to the original bank to settle the loan. After the approval of the bank, the guarantee company or individual will transfer the full amount to the original loan account, and the bank will issue a certificate of mortgage cancellation after deducting the money.

Fourth, how to operate the mortgage redemption in Shenzhen?

Prepayment redemption is cash redemption. If you find a suitable guarantee company, cash can also be used. My friend used to work in Rong Feng Garden.