Second-hand homeowners who have no money to decompress can find a buyer to provide capital, or find a social advance company to contribute capital, or borrow from relatives and friends, pay off the loan, redeem the property rights, and go through the decompression procedures. With the real estate certificate, deed certificate, and land certificate, go through the transfer procedures to the buyer. Sell ??the house, get the money, and then pay back the previous debt.

1. What risks may you face when redeeming a property?

First, the seller has more than one loan

Your down payment has been made, but the loan on the house may not have been paid off yet. Trapped in a dilemma, if you go in, you won’t get the house, if you back out, you won’t get your down payment back.

In addition to bank loans, the seller may also use the house as collateral to borrow other money. The seller gets your down payment to pay it back, but it’s just a drop in the bucket.

Second, the seller misappropriated the down payment

The seller did not go through the mortgage release procedures as promised, but used the money for other purposes, and even offered to pay another house payment. Unreasonable demands for mortgage relief.

The most troublesome thing is that the owner failed to release the mortgage and the house was seized. Because the sealed house cannot be transferred, it is time-consuming and labor-intensive at best, and it is a loss of money and house at worst. Therefore, when the landlord asks for a down payment in order to pay off the loan and release the mortgage, those who want to buy a house must pay attention.

2. If you really want to buy this house, and the landlord is really short of money and cannot come up with the money to release the house, you can use the following methods to solve the problem:

1 , Intermediary advance capital release

The homeowner first finds an intermediary to repay the bank loan, and then sells the house to the person who wants to buy the house. After receiving the money, he returns the funds to the intermediary.

In this process, the intermediary will charge a certain amount of interest from the person selling the house, usually ranging from hundreds of thousands to millions. Even if it takes a few days or even ten days, a certain handling fee will be charged. of.

Since the intermediary also helps both parties handle the purchase and sale of houses, the intermediary controls the flow of funds between both parties, and it is very safe for the intermediary to advance funds. Many larger intermediaries now support this method of property redemption.

2. Remortgage (that is, transferring the loan to the buyer)

Remortgage refers to the sale of the house as collateral by the borrower, and with the approval of the lending bank, the purchase of the house The person continues to repay the seller's undue loan.

That is to say, if the seller wants to get a loan for the house, he needs to transfer the mortgage of the house to the buyer, so that the buyer can continue to repay the seller's mortgage loan. The procedures for remortgage are quite complicated, and there are cases of peer remortgage and inter-bank remortgage. This method is subject to many restrictions in its use. Currently, there are very few banks that can do remortgage.

3. Take out another loan to pay off the remaining loan

The seller can consider using the collateral in his name (such as other properties) to apply for a mortgage loan from a bank or funding institution to pay off the remaining loan. Mortgage Loans. The bank mortgage loan will be paid off after the buyer has paid the full price of the house, but interest or handling fees will be required.

In short, if the seller is not familiar with the seller or knows that the seller is unreliable, the buyer should try not to use his down payment to redeem the property from the seller, because when buying and selling second-hand houses, it is best to handle the handover of money through fund supervision, and to redeem a property It is a direct money transaction, which is quite risky. This risk should be avoided if possible.