How long does it take for Everbright Bank to foreclose a property?

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Cash Redemption There are two definitions of cash redemption The first definition is: the property owner lends the amount owed by the property mortgage to the guarantee company to redeem the title deed from the bank. (Generally, the fee charged by the guarantee company is much higher than that charged by the guarantee for the foreclosure.)

The second definition is: the buyer uses his own purchase money to help the owner redeem the real estate certificate (this operation method has certain risks, but it can save the foreclosure fee). Or the seller redeems the title deed with his own money and sells it again (there is no foreclosure fee for this method).

Metaphor: The owner owes 400,000 yuan to the Bank of China, and the customer has a mortgage of 500,000 yuan from the Industrial and Commercial Bank of China, the owner borrows 400,000 yuan from the guarantee company, and the guarantee company takes out 400,000 yuan from its own company to return the arrears of the owner's Bank of China, and after completing all the procedures, the Industrial and Commercial Bank of China will issue 500,000 yuan to the guarantee company (while the buyer calculates the mortgage), and the guarantee company will pay the remaining money to the owner after deducting 400,000 yuan and its handling fee. This is the "cash redemption", because the money is the cash of the guarantee company's own company, so the handling fee will be relatively high when charging, if there is a problem during the period, the guarantee company directly to the owner to ask for its 400,000 hours:

The mortgage time is usually 5 working days for the land bureau in the urban area, and 5-8 working days for the foreign land bureau in the city.

1. It is difficult to determine the time of redemption, mainly because the time agreed on early repayment by each bank is different, and the application conditions for early repayment of each bank are:

Bank of China: 30 working days in advance for written application.

ICBC: Borrowers are required to apply in writing to the bank 30 working days in advance, and the minimum amount of early repayment is 6 times of the normal monthly repayment amount.

Agricultural Bank of China: Written application is required 7 working days in advance, and the application can only be made after one year of loan disbursement, and the minimum amount of early repayment is 6 times of the normal monthly repayment amount.

Bank of Communications: The prepayment amount shall not be less than 6 months' repayment amount.

Minsheng Bank: Starting from the second repayment month of the personal loan, the borrower can submit an application for early repayment in writing.

2. The transfer time required for full purchase and loan purchase is different, and there are differences in different places, and the specific situation is as follows:

1) Full purchase, the whole process is about 7 working days.

1. To see the house, the buyer and the seller reach an agreement and pay the deposit for the purchase of the house: 1 day.

2. Housing transfer, down payment: 1 day.

3. Pay taxes and receive new real estate certificates: 4 working days.

4. Property delivery and payment of final payment: 1 day.

2) Loan purchase, the full payment is about 20 working days.

1. To see the house, the buyer and the seller reach an agreement and pay the deposit for the purchase of the house: 1 day.

2. Submit the loan application and sign the loan contract: 1 working day.

3. Property appraisal, third-party guarantee: 1-2 working days.

4. Bank approval: 5 working days.

5. Housing transfer, down payment: 1 working day.

6. Pay taxes and receive new real estate certificates: 4 working days.

7. Bank collection of loan contract, housing mortgage registration: 3 working days.

8. The bank lends money to the seller, the property is delivered, and the balance is paid: 3-5 working days.

It is the issue of release of mortgage, depending on which bank handles it, some banks have to apply in advance, and some banks let you handle the release of mortgage on the specified working days. If the bank is not restricted, it is generally to repay the loan on the same day, get the "cancellation of mortgage certificate" the next day, go to the mortgage release window of the housing authority to cancel the mortgage, and get the property right certificate the next day.

If you are in Shenzhen, it depends on what company you cooperate with, and if you cooperate with private lending idle money, as long as the guarantee company guarantees it, you can advance money to redeem it. It takes three to five days, and the bank is relatively slow, and about a month, it depends on whether the bank approves it or not. Generally, private loans help the owner repay the remaining mortgage money, get the red book, and the owner will return the advance money after the transaction.

For the housing transfer procedures, the housing management department can complete the new real estate certificate within 30 working days from the receipt of the transfer application and the transfer certificate materials submitted by both parties.

The Measures for Housing Registration stipulate that Article 23 From the date of acceptance of the application for registration, the housing registration agency shall, within the following time limits, record the application for registration in the housing register or make a decision not to register:

1) 30 working days for the registration of house ownership within the scope of state-owned land, and 60 working days for the registration of house ownership within the scope of collective land;

2) Registration of mortgages and easements, 10 working days;

3) 10 working days for advance notice registration and correction registration; (4) Objection registration, 1 working day. The time for public announcement is not included in the time limit provided for in the preceding paragraph. If it is necessary to extend the time limit for registration due to special reasons, it may be extended with the approval of the person in charge of the housing registration agency, but the maximum time limit shall not exceed one time of the original time limit.

Where laws and regulations have other provisions on the time limit for registration, follow those provisions.

Second-hand housing transfer needs attention.

1. Verify whether the property rights of the house are defective, whether the co-owner of the house agrees to transfer the house, and whether the house is mortgaged, leased, or used as a capital contribution; In some cases, there are more than one co-owner, for which the buyer should sign a contract for the sale and purchase of the house with all the co-owners.

2. Try to make the payment of the house price after the transfer of property rights, or you can handle the payment of the house price by depositing and depositing to minimize the risk.

3. Understand and verify the payment and settlement of other expenses such as public maintenance**, property fees, etc., as well as the implementation of transfer and other related procedures.

4. Some second-hand houses are still leased by others when they are transferred. If the buyer only looks at the title deed and only pays attention to the transfer procedures, but does not pay attention to whether there is a lease, the buyer is very likely to get a property that cannot be moved in time or is in use.

The above content reference: **People** - Order No. 168 of the Ministry of Construction of the People's Republic of China.

About a month.

1) The buyer and the seller establish information communication channels, and the buyer understands the overall status quo and property rights of the house, and requires the seller to provide legal documents, including house ownership certificates, identity documents and other documents.

2) If the house provided by the seller is legal, it can be listed and traded, and the buyer can pay the deposit for the purchase of the house (the payment of the deposit for the purchase of the house is not a necessary procedure for the sale and purchase of commercial housing), and the buyer and the seller sign the house sale contract (or the house sale contract). After the buyer and seller reach an agreement on the location of the house, the status of property rights and the transaction, the delivery time of the house, the delivery of the house, and the handling of property rights through negotiation, the two parties shall sign at least three copies of the house sale and purchase contract.

3) The buyer and the seller jointly apply to the real estate transaction management department for review. After the buyer and seller submit the application procedures to the real estate management department, the management department shall check the relevant documents, review the property rights, and approve the transfer procedures for the houses that meet the listing conditions.

4) Deed. According to the property rights of the transaction house and the object of purchase, the real estate transaction management department can apply for review and approval step by step according to the approval authority set by the transaction department in advance, and the two parties to the transaction can go through the deed formalities. At present, Beijing has abolished the real estate sale deed in the transaction process, which is commonly known as the "white deed".

5) Pay taxes and fees. The composition of taxes and fees is more complex and depends on the nature of the property being traded. For example, the tax composition of housing reform, dangerous housing and relocation housing, affordable housing and other commercial housing is different.

6) Handle the procedures for the transfer of property rights. After the parties to the transaction complete the registration of property right change in the real estate transaction management department, the transaction materials will be transferred to the issuing department, and the buyer will apply for a new property right certificate with the notice of obtaining the house ownership certificate.

7) For the buyer of the loan, after signing the house sale contract with the seller, the buyer and the seller will go through the loan procedures with the loan bank, and the bank will review the buyer's credit, evaluate the house that the two parties want to trade, in order to determine the buyer's loan amount, and then approve the buyer's loan, and the bank will issue the loan at one time after the two parties complete the property right registration change and the buyer receives the house ownership certificate.

8) The buyer receives the house ownership certificate, pays off all the house payments, and the seller delivers the house and settles all the property fees.

If the original owner's 450,000 yuan has not been repaid, the appointment mortgage is generally 1 month, of course, the bank has a relationship to get it in 1 day, and the other steps are very block.

Foreclosure and transfer generally take 20 working days to obtain a new title deed; With the new real estate certificate, handle the property handover procedures, water, electricity and gas transfer; Finally, at the time of handover, the buyer will pay the balance to the seller.

If you need to foreclose the property, you can consult Quam Capital for free. To find out, click here for information: How long does the foreclosure process take?

It generally takes 20 working days for the transfer of foreclosure to obtain a new title deed; With the new real estate certificate, handle the property handover procedures, water, electricity and gas transfer; Finally, at the time of handover, the buyer will pay the balance to the seller.

If you need to handle the foreclosure transfer, you can consult Quam Capital for free. To find out, click here for information: How long does the foreclosure process take?

Shenzhen real estate mortgage process:

1. The borrower goes to the bank to apply and prepare the loan materials;

2. Designate an appraisal company to evaluate the property;

3. The bank reviews the borrower's materials, and signs the loan agreement after approval;

4. After the mortgage is registered at the housing management office and other items are obtained, the bank begins to lend;

5. Loan management.

If you have any questions, please consult me.

Generally, it will take 7 working days, but if it is handled by a financial company, it will be faster.