The bank will auction the house if the mortgage is overdue. The more detailed the procedures, the better. Thank you.

1. The court shall file a lawsuit with the court with jurisdiction in accordance with the law. The court shall make a judgment after the hearing. During the appeal period, the defendant has the right to appeal. If the appeal is made, the second-instance court shall accept, hold a hearing and make a judgment. The second-instance judgment shall be final. . If there is no appeal, the judgment will take effect after the appeal period expires, and the bank can apply to the court for enforcement. The court will inquire the respondent's property according to law, auction it, freeze it, etc. until the money is paid off.

2. With the growth of housing prices in our country, many young people choose to take out loans to buy houses. However, because their economic income is not very stable, the mortgage loans are overdue, so they are worried that the bank will impose restrictions on their houses. But I don’t know how the bank will handle it. This article will talk about what the bank does after the mortgage is overdue.

How should I put it? Banks are not welfare institutions. They also want to make profits, and absorbing deposits and lending are one of the main ways for banks to make profits. When we choose a bank to apply for a loan, we need collateral. If we take a loan to buy a house, the house needs to be mortgaged to the bank before the loan is repaid. After the homeowner repays the loan, he must go to the relevant department to cancel the mortgage. , and finally get the legal procedures for real estate.

When issuing loans, the state also has strict regulations on the loan ratio. The loan amount can only be calculated after the property is appraised. Under normal circumstances, it will be lower than the value of the property itself. This is also to avoid devaluation of the house and default on the homeowner's loan, which ultimately leads to losses for the bank. Therefore, when your mortgage is overdue, the bank will immediately report your overdue information to the central bank for credit reporting, and then contact the homeowner to understand the actual situation.

If it is determined that the homeowner cannot continue to repay the loan, the next step for the bank will not be as simple as "submit a credit report". First, the bank will send a letter or call to negotiate the repayment. If it really exists For some unavoidable problems, the bank will also give you a certain period of time, but if you can't repay the loan, the bank will first recommend that you sell the house. Although the house has a mortgage loan, it can also be transferred, and the money obtained by the transfer can be transferred. The money from the house will be used to repay the loan.

If you do not want to sell the property, then the bank will follow legal procedures, freeze the property, and then conduct an auction. The money obtained from the auction of the property will give priority to repaying the bank's debt. If there is any remainder, it will be returned to The lender is the homeowner. If it is just the negotiation stage, it is no problem to stay in custody for three months. If the legal process is finally followed, it may take a year or more. Therefore, under normal circumstances, banks will not go through the legal process. Legal proceedings are a last resort.