Ask! What will happen if the mortgage auction house delivers the house at the end of the year and cannot repay it in time?

If the mortgage is not repaid in time, the bank will inform you to repay it in time by phone or text message first. Under normal circumstances, if it is overdue for two months, the bank staff will come forward to communicate with you how to solve it. If you can't continue to repay the loan for various reasons, the bank will take back the house because you used the house as collateral when you borrowed the loan. In this case, the bank will generally communicate with you whether to sell the house or auction the house to repay the loan. If the auction, the price is relatively low; If the commercial housing is negotiated and sold in the market, the price will be higher.

Of course, the above is the worst case. If you just don't repay the loan temporarily, the bank will usually communicate with you and negotiate a deadline, as long as you repay it within this period. Because the bank doesn't want to take it back or auction it, both you and the bank will lose a lot. What the bank wants most is that you repay the bank loan every month.

So if you can't repay in time, the most important thing is communication and delay repayment.

I hope it helps you!