What is a house purchase guarantee company?

Housing property guarantee company refers to a housing property guarantee company established in accordance with the Trial Measures for the Administration of Housing Property Guarantee, which signed a guarantee contract with the lender for the borrower to apply for individual housing loans, and provided joint liability guarantee when the borrower failed to meet the lender's guarantee requirements.

Extended data:

To understand the concept of house purchase guarantee, we need to grasp three points:

1. The housing guarantee provided by the housing guarantee company is a supplement to the personal housing loan guarantee method.

2. It is a guarantee provided by a specific professional guarantee institution to distinguish it from other forms of housing guarantee.

3. The ways of guarantee and counter-guarantee are stipulated. The guarantee method provided by housing home purchase guarantee is joint and several liability guarantee. According to the legal provisions of joint and several guarantees, if the debtor fails to perform the debt at the expiration of the performance period stipulated in the main contract, the creditor may require the debtor to perform the debt, or may require the guarantor to bear joint and several liabilities within the scope of its guarantee.

Housing home purchase guarantee company is a real estate intermediary service enterprise with legal personality, which provides professional guarantee for borrowers to handle personal housing loans and collects service fees.

Baidu encyclopedia-house property guarantee