If the mortgage is not paid for several months, the bank will auction the house.

According to the contract agreement or business standard of most banks, once the mortgage is overdue for more than six periods, that is, it is not repaid on time for six consecutive months, it will enter the judicial auction procedure, that is, if the mortgage is not repaid for six consecutive months, the bank will auction the house. If the loan is not repaid for the first time, the bank will notify the dunning by phone or SMS; If the loan is not repaid for more than three consecutive times, the bank account manager will directly call for payment, and the loan applied by the borrower will be deducted; If the loan is not repaid for more than six times, the bank will solve it through legal means. At that time, the bank's lawyer will call you to remind you of the consequences of not paying back on time, during which the borrower's mortgage property will be frozen. Finally, the bank will negotiate with the borrower for repayment. If the borrower fails to repay the loan through negotiation, the bank will auction the property through legal procedures, and the guarantor will bear joint liability for recovery.

Penalty interest for owing money is only the first step, after which the applicant's personal credit will be affected. As we all know, we attach great importance to the construction of credit system and are making great efforts to build credit. Credit information systems in various regions, departments and fields are gradually being implemented, and various disciplinary and incentive measures are constantly being improved and upgraded. Personal credit will play an increasingly important role in future life.

If the applicant fails to repay the loan, it will leave a credit "stain" on the applicant's personal credit report, and further application for loans and credit cards will be blocked everywhere.

Legal basis: Article 40 1 of the Civil Code of People's Republic of China (PRC). The mortgagee and the mortgagor agreed that if the debtor fails to perform the due debt before the maturity of the debt, if the collateral belongs to the creditor, it can only be paid in priority according to law.

Article 410 Where the debtor fails to perform the due debt or realize the mortgage right according to the agreement of the parties, the mortgagee may agree with the mortgagor to discount the mortgaged property or give priority to compensation with the price of auction or sale of the mortgaged property. If the agreement harms the interests of other creditors, other creditors may request the people's court to cancel the agreement. If the mortgagee and the mortgagor cannot reach an agreement on the way to realize the mortgage, the mortgagee may request the people's court to auction or sell the mortgaged property. Where the mortgaged property is discounted or sold, it shall refer to the market price.