Redemption business process: (different guarantee companies may be slightly different)
1. The buyers and sellers of real estate reach a transaction and sign a sales agreement;
2. The property buyer chooses the loan bank, the seller applies to the original loan bank for early repayment of the loan to redeem the building, and the buyer applies to the bank for a second-hand house mortgage loan, and submits the information required by the bank to handle the fund supervision procedures;
3. If the bank intends to issue a second-hand mortgage loan to the buyer after preliminary examination, it shall issue a second-hand mortgage loan commitment letter;
4. The buyers and sellers of real estate apply to the financing guarantee company for mortgage loan guarantee, sign the guarantee documents and submit the required materials to the financing guarantee company;
5. After investigation and approval by the financing company, the buyers and sellers of real estate go to the notary office for full authorization notarization;
6. The seller or buyer of real estate shall pay the guarantee fee and handling fee to the financing guarantee company;
7. After the guarantee is approved, the financing company signs a guarantee contract with the bank;
8. With the approval of the bank, it was agreed to repay the loan in advance, and the financing guarantee company repaid the seller's original loan balance to the bank, and the foreclosure was successful;
9. The handling personnel of the financing guarantee company shall go through the formalities of foreclosure, licensing, cancellation of mortgage registration and transfer registration;
10. After issuing the certificate, the buyer shall go through the mortgage registration formalities with the bank;
1 1. After the mortgage registration is completed, the bank agrees to lend to the buyer; The guarantee liability of the financing guarantee company is lifted.
5 1 the process of applying for cash foreclosure by foreclosure financial network is relatively simple, which shortens many intermediate links of offline foreclosure business of traditional guarantee companies, reduces redundant costs, and can provide cheaper and faster foreclosure services to foreclosors.