Fully promote transfer of ownership with collateral! This provincial capital city is expanding its fundraising | registration | provincial capital
On June 30, Xi'an real estate registration WeChat official account issued a notice on the implementation of "transfer with mortgage" of stock housing.
Within the six districts and development zones of Xi'an City, real estate that has already been mortgaged and registered does not need to pay off the loan, release the mortgage, and then transfer ownership during the transaction of existing housing. Both parties can voluntarily choose to use the "mortgage transfer" service. After signing an agreement with the loan bank and the housing provident fund management center, both parties can jointly apply to the real estate registration agency for property transfer registration and mortgage related registration.
Industry insiders point out that "transfer with collateral" solves problems such as difficulty in raising loan repayment funds, high cost of bridging funds, and long sales transaction cycles in the process of real estate transactions, accelerating the speed of second-hand housing transactions.
Fully promote transfer of ownership with collateral
The notice states that if a party applies for the transfer of mortgaged real estate due to reasons such as gift giving, valuation of capital contribution, or merger of legal persons or other organizations, it shall not be included in the scope of merger registration. The process of second-hand housing transactions involves real estate transaction departments, real estate registration departments, housing provident fund management departments, financial institutions, buyers, sellers, and intermediary service agencies, etc., which require close cooperation and collaboration from multiple parties to complete. Therefore, based on the different situations of "transfer of ownership with collateral" business, we adhere to advancing through exploration and gradually improve the relevant business norms of "transfer of ownership with collateral" through a step-by-step approach.
The notice states that all departments should actively promote online applications, implement paperless processing models, and use shared information and electronic materials submitted by parties as the basis for handling affairs, gradually achieving "zero data applications". To meet the needs of the "transfer with collateral" business, it is necessary to ensure the interconnection and real-time sharing of relevant information such as transaction contract filing and real estate registration.
It is worth noting that in March this year, the two departments issued a notice on collaborative efforts to provide convenient and beneficial services for real estate transfer with collateral, making comprehensive arrangements for collaborative efforts in real estate transfer with collateral.
The notice clearly states that various regions should explore in depth on the basis of existing work, use points to cover areas, and comprehensively promote the "transfer of property with custody" through the "three expansions": promote provincial capital cities and planned cities to take the lead in achieving this, and gradually expand to other cities and counties; Promote the same banking financial institution to take the lead in achieving and gradually expand to cross banking financial institutions; Promote the first realization of residential real estate and gradually expand to industrial, commercial and other types of real estate, ultimately achieving full coverage of regional scope, financial institutions, and real estate types through mortgage transfer.
Accelerate the speed of second-hand housing transactions
According to China Securities News, the advantage of "mortgage transfer" business is that individuals do not need to settle the previous mortgage loan before handling property transfer and mortgage registration. This solves the problems of difficulty in raising repayment funds, high cost of bridge funds, and long sales and transaction cycles in the process of real estate transactions, and accelerates the speed of second-hand housing transactions.
According to Yan Yuejin, the research director of E-house Research Institute, based on the actual progress in various regions, the transfer of ownership with collateral has significantly reduced the transaction costs of second-hand houses, and has a positive effect on revitalizing the second-hand housing market and driving first-hand housing transactions with second-hand houses in the future.
Regarding the precautions for handling "transfer of ownership with collateral" business, Lawyer Wang Yuchen, Director of Beijing Jinsui Law Firm, suggests that both parties must have a detailed understanding of the local specific policies for "transfer of ownership with collateral", and it is best to inquire and communicate in detail at banks and real estate registration centers. During the processing, it is important to pay attention to process control to avoid unnecessary time differences. In addition, the buyer needs to investigate and understand the seller and the status of the property, and the seller also needs to verify the buyer's personal credit and loan ability in advance.