In Songshan Lake, Dongguan, a netizen bought a 96-square-meter house in November 2020 for a total price of 57260,000 yuan, including tax of more than 6 million yuan. However, recently he failed to repay the monthly payment on time for some reason, and the bank informed him that if he did not repay the monthly payment, he would sue the court and the house would also face the fate of being auctioned. Faced with such a dilemma, how should he deal with it?
First of all, he needs to understand the terms of the contract. The clauses in the purchase contract regarding monthly payments, breach of contract, and auction will determine his powers and responsibilities. If he is unable to repay his monthly payments on time, has the default clause been triggered?If he does default, he should clarify his responsibilities and communicate with the bank to seek a possible solution.
Second, communication with the lending bank is crucial. The bank may grant some repayment deferment or negotiate repayment options according to his specific situation. In the process, he needs to stay calm and avoid making impulsive decisions. Maintaining good communication with the bank will help to find a mutually acceptable solution.
If the issue cannot be resolved through communication with the bank, he may need to seek legal advice. A professional lawyer can help him understand his legal rights and coping strategies. If the bank has filed a lawsuit, the lawyer will provide him with legal support to help him defend his rights in court.
In addition, he needs to conduct a comprehensive assessment of his personal assets and financial situation. See if there are other assets that you can use to make payments or go into debt. In the process, he needs to carefully organize his inventory of assets to ensure a comprehensive and accurate assessment of his personal finances.
In order to avoid further defaults and greater losses, he should try his best to maintain good communication with the bank while looking for other viable repayment options as soon as possible. In addition, he should also discuss the issue with his family and work together to develop a coping plan.
Finally, he should also consider asking relatives and friends for help. Sometimes, the support and help of friends and family can ease the financial strain and help them get through the storm. They may provide temporary financial assistance or a joint solution to the problem.
Faced with the dilemma that the house is about to be auctioned, this netizen needs to deal with it calmly. By understanding the terms of the contract, communicating with the bank, seeking legal advice, assessing personal assets and finances, avoiding further breaches, and seeking help from relatives and friends, he can buy himself more time and space to solve the problem. At the same time, he should also learn from this experience and take a hard look at his own financial situation and future financial planning.