What will the bank do if the mortgage is not repaid?

First, the mortgage is still not on. What should the bank do?

1. If the mortgage is not repaid on time for the first time, the bank will remind you to repay the mortgage in time by phone or text message;

2. If you fail to repay the loan on time for more than three consecutive times, the bank staff will call you directly to remind you that the loan you applied for will be penalized;

3. If the repayment fails to reach more than 6 times on time, the bank will directly solve it through legal channels. The lawyer will call to remind you of the consequences of not paying on time, and your mortgaged property will be frozen. Later, the bank will negotiate with you about future repayment. If both parties fail to repay the loan in time through negotiation, the bank will auction the property through judicial procedures, and if there is a guarantor, the guarantor will be held jointly and severally liable.

Second, what are the hazards of mortgage default?

1. Non-repayment means that the borrower fails to repay the loan within the specified time limit, that is, it is overdue, and so is the mortgage. Once the lender fails to repay the loan in time, it is overdue. If you don't repay for several months in a row, it will affect your personal credit record, and it will be more difficult to apply for a credit card in the future.

2. If the borrower fails to repay the loan on time, he will not only need to make up the money, but also face penalty interest. If the borrower signs a loan contract when handling the loan, if the property owner fails to repay the monthly loan on time, according to the provisions in the loan contract, penalty interest will be incurred.

3. When the supply is cut off for a period of time, the bank will apply to the court for auction of the property, and all kinds of expenses, such as case acceptance fee, announcement fee, preservation fee, execution fee, evaluation fee, auction fee, etc., will be deducted from the auction proceeds of the court. And then it will be used to repay the bank's loans and penalty interest. Property owners may not get a penny, and may also face the responsibility of repaying bank loans.

Nowadays, house prices are on the high side. Naturally, many people buy houses through mortgage loans. At this time, they only need to pay the down payment of the house, and the rest of the house can go to the bank to apply for a loan. However, it is easy for buyers to repay their loans every month. In order to avoid this situation, banks often analyze the personal repayment ability of buyers when applying for mortgages.