A, what is a mortgage?
Mortgage is an important feature of loan contract, when there is collateral, the bank's lending security will be improved, but at the same time, borrowers cost will increase, because of this, borrowers are willing to pay to the bank
Interest will be lower, for Banks may not increase its revenue.
Mortgage when default, confiscated in accordance with the specific enterprise assets rights granted borrowers, is widely used to reduce the incentive problems associated with borrowing (i.e., the default occurs that lenders may obtain specific assets)..mortgage
, refers to the property of guarantee.Mortgage contract, refers to the benefit of creditors and concluded between the mortgagor and confirm the mutual written agreement of the mortgage right and obligation relationship between.
Second, if the debt repayment, the mortgaged property?
1, if the mortgage is legal and valid, then the debtor fails to perform the debts that are due, can the mortgagee and the mortgagor agreement to the mortgaged property or at a discount to the proceeds from the auction or sell off the mortgaged property to seek preferred payments.
2, "property law" the one hundred and ninety-fifth the debtor fails to perform his due debts or agreed by the parties to the implementation of the mortgage right, can the mortgagee and the mortgagor agreement to the mortgaged property or at a discount to auction, the same
Sell the proceeds in the mortgaged property to seek preferred payments.Deal damage the interests of other creditors, other creditors may know or should have known the reason withdrawal request within one year from the date of the people's court for canceling the agreement.

3, the mortgagee and the mortgagor is not way to realize the mortgage right is to reach an agreement, the mortgagee may petition the people's court to auction or sell off the mortgaged property.