What if the buyer cancels the bank loan after the second-hand house transaction is transferred?
If the second-hand house transaction has been completed and transferred, the buyer shall be responsible for paying the house price and paying the bank loan according to the terms agreed in the purchase contract between the two parties. When the buyer cancels the bank loan, he shall pay off the house payment in other ways. Otherwise, the bank will dispose of or confiscate the property with the loan contract signed by the buyer and the bank. For reference.