How long will it take to auction overdue loans after the house is mortgaged to the bank?

The number of overdue repayments has reached 6 times or more. If the bank and the borrower fail to negotiate, the bank will auction the mortgaged property through legal procedures. Overdue consequences: 1. If there is no one-time repayment, the bank will call and SMS to remind you to repay on time, and there will also be penalty interest. 2. If the repayment is not made for three consecutive times, the bank account manager will collect it and the borrower will be penalized. 3. If the overdue repayment times reach 6 times or more, the bank will protect its rights and interests through legal means, and may freeze its property during this period. If the bank and the borrower fail to negotiate, the bank will auction the mortgaged property through legal procedures.

1, overdue mortgage will first generate penalty interest, which will affect personal credit. But even if it's overdue, you still have to pay it back. After the home buyer's mortgage is overdue, he needs to deposit funds in the loan deduction account, and the bank will automatically make up the deduction. How much money is in the card? If the deduction is unsuccessful, you need to contact the loan handling bank for verification, otherwise it will be overdue and will not be repaid for three consecutive months, and the bank may sue. At that time, buyers will be required to pay off the remaining loan principal and interest in one lump sum, otherwise they will auction the house through judicial procedures to recover the loan.

2. Housing mortgage loan is a loan applied for with housing as mortgage guarantee. Once overdue, the consequences will be more serious: after overdue, there will be penalty interest and liquidated damages, which will increase the repayment pressure; Overdue collection, text messages and telephone harassment will affect your normal life and work; Affect personal credit information, overdue records are uploaded to the central bank's credit information system, leaving a stain, making it difficult to borrow again; If the overdue period is serious, the bank will sue the court, and the house will be auctioned, and the proceeds from the auction will be used to repay the debt.

3. Real estate mortgage loan process: the borrower opens a current deposit account in the bank; Information required for preparing loans; Face to face bank; Bank filing and approval; After approval by the bank, the bank will notify the borrower of the approval result and sign a loan contract with the borrower; Go to the Construction Committee for mortgage registration; Construction Committee issued his right certificate; Handle insurance, notarization and other formalities as appropriate; The bank directly transfers the loan to the account agreed in the contract; The borrower shall repay the loan principal and interest according to the provisions of the loan contract.