Mortgage default will take months to deal with.

Under normal circumstances, mortgages that have been out of supply for more than 6 months will be processed.

Under normal circumstances, mortgages that have been out of supply for more than 6 months will be processed. According to the regulations of the bank, the bank will notify or remind you by phone or SMS at the first time. Bank account managers who breach the contract for more than three times in a row will demand payment and the borrower will be punished. A bank lawyer who has broken his confession for more than six times will communicate by telephone, and his property will be frozen by the bank. If negotiation fails, the bank will auction the house through legal procedures.

How soon will loans overdue be prosecuted?

Loans overdue more than 90 days, the bank will sue. No matter how long the lawsuit takes, the borrower will repay the loan immediately to avoid overdue. Overdue will have an impact on future loans and credit card processing, and the consequences of overdue will be:

1。 If there is no repayment at one time, the bank will call and SMS to remind you to repay on time, and at the same time, it will impose a penalty interest.

2。 If the loan is not repaid for three consecutive times, the bank account manager will collect it and the borrower will be penalized.

3。 If the number of overdue repayments reaches 6 times or more, the bank will protect its rights and interests through legal means, during which time it will freeze its property or vehicles.

4。 If the bank and the borrower fail to negotiate, the bank will auction the mortgaged property through legal procedures.

I hope the above content can help you. Please consult a professional lawyer if you have any other questions.

Legal basis: Article 11 of the Interim Measures for Personal Loans shall meet the following conditions when applying for personal loans:

(1) The borrower is a People's Republic of China (PRC) citizen with full capacity for civil conduct or an overseas natural person who meets the relevant provisions of the state;

(2) The purpose of the loan is clear and legal;

(3) The amount, duration and currency of the loan application are reasonable;

(4) The borrower has the willingness and ability to repay;

(5) The borrower's credit status is good and there is no significant bad credit record;

(6) Other conditions required by the lender.