Legal analysis
After the mortgage of his right is completed in the real estate management department, if the parties have paid off all the loan principal and interest, they can bring relevant materials to the registration department for mortgage cancellation. Then, when handling the mortgage cancellation procedures, the parties also need to bring their own identification materials, loan settlement certificates issued by the loan bank and other materials. Because the national housing prices are too high, many citizens will choose to apply for loans when buying a house or buying a car, and the housing management department will also issue other warrants when handling housing loan procedures. If the parties have paid off all the loans after handling the loan procedures, they may also apply for cancellation of his property right certificate and recovery of the house property right certificate. Other rights of land mainly include the following: easement refers to the right to use other people's land for their own use. Apparent right refers to the right to build and plant on other people's land. Such as building factories, houses, trees, bamboo and so on. Navigation right refers to the right to build facilities on other people's land. Such as bridges, ditches and overhead lines. Underground right refers to the right to bury pipelines, cables and build underground facilities under other people's land. Such as subway, tunnels and civil air defense projects. Land lease right refers to the right that the lessor provides the land to the lessee for use, and the lessee pays the rent, occupies and uses the land according to the contract. Land use right refers to the right to occupy and use other people's land for free. For example, the land borrowing right formed by history.
legal ground
Article 47 of People's Republic of China (PRC) Urban Real Estate Management Law refers to the act that the mortgagor provides the mortgagee with debt performance guarantee with his legal real estate without transferring possession. When the debtor fails to perform his debts, the mortgagee has the right to be paid in priority with the proceeds from auction of mortgaged real estate according to law.