How can Taiwan Province Province prevent bank loan officers from being seriously careless in personal mortgage audit?

Mortgage is a mortgage loan, in essence, you borrow money from the bank and repay the principal and interest on schedule. Don't think that the name "mortgage" has anything to do with how much your house is worth. It is only natural to pay back debts. If you don't repay on time, the following will happen.

First, if you don't repay the loan on time in a short time, the bank will have a special department to ask you to charge the interest principal, and there will be liquidated damages. And your behavior will affect your credit information. Credit information is the basic data of your future financial activities. If you default, it will be more difficult to get a loan.

Second, if you fail to repay the loan on time for many times (usually more than three times), the bank has the right to apply to the court for preservation proceedings, and the court will seal up your assets and entrust an auction company or conduct an auction online. You can go to the People's Court Asset Litigation Network, Taobao, or JD.COM Court Auction Channel to search.

Third, if the auction amount is enough to repay your remaining principal and interest and late fees, the bank will refund the extra money to you; If it is still not enough, banks can apply for a height limit order, which means that they can't fly, buy a house or engage in high-consumption activities before paying off their debts.

Finally, if you look at how the subprime mortgage crisis in the United States and the bursting of the housing bubble in Japan are handled, you will understand better.

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