The bank will seal the house for several months after the mortgage is stopped.

After the mortgage defaults six times, the bank will repossess the house.

If the supply is cut off for one month, the bank will notify you by phone and SMS. If the supply is cut off for three months, the bank manager will call the owner directly to make a dunning, with penalty interest. If the supply is cut off for six months, the bank will take back the house directly.

Half a year after the default, the bank's lawyer will call to remind the borrower of the consequences of not repaying the loan on time, during which the borrower's mortgaged property will be frozen. After that, the bank will negotiate with the borrower about repayment. After negotiation, if the borrower is unable to repay or unable to repay, the bank will auction the property through legal procedures, and the guarantor will bear joint and several liability for recovery.

Related knowledge supplement:

1. Can I get back the down payment in case of mortgage default?

1. If the mortgage is dropped, the down payment can't be recovered, because both parties have signed the contract, and the down payment will naturally not be returned as the house payment paid by the owner.

2. After the mortgage is cut off, if the customer has no repayment ability, the bank can auction the mortgaged house, and then use the auction proceeds to deduct the remaining outstanding loans of the customer.

3. If there is money after deducting the outstanding loan, the bank will return the remaining money to the customer; If the auction proceeds cannot be deducted from the remaining outstanding loans, the owner needs to continue to repay until the remaining loans are fully paid off.

Second, what should I do if I can't repay my mortgage after the mortgage is cut off?

If the mortgage is not paid after the mortgage is cut off, and the capital turnover is not enough in a short time, customers can try to borrow money from relatives and friends around them and pay back the arrears in time, and then repay the money themselves after the capital turnover, and return the money to relatives and friends.

However, if the funds are tight for a long time, it is suggested that customers take the initiative to call the handling bank and explain to the customer service staff that they are temporarily unable to repay (it is best to provide corresponding proof materials, such as hospitalization list and unemployment certificate). ), and then try to apply for an extension of the repayment period and repay the arrears in installments. As long as the customer does not intentionally overdue, the bank will generally consider it as appropriate.

Everyone needs to pay attention. Don't run away just because you can't afford it. After the customer is overdue, the bank will make a dunning. If the overdue time is too long, the bank will probably sue the customer and then the court will enforce it, and the house is likely to be taken back.