Can the only property in Shenzhen be auctioned without mortgage?

But whether to auction or not depends on your family situation and the operation of the mortgagee.

The only residence is not completely protected.

Please let me know if you have any questions.

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Under normal circumstances, if the mortgagor fails to pay the monthly payment on time for 3-6 months and is insolvent, the mortgagee may file a lawsuit or apply for compulsory execution after sealing up or auction. Every bank is different in size. Look at the contract

Brother, how long has it been in arrears? Deal with it quickly. The longer the default time, the greater the impact on your credit. You may not be able to apply for a loan when you buy a house in the future, and your credit card will not approve you. It is better to sell the house quickly, which is more cost-effective than auction. . . .

The remaining amount of auction money-remaining arrears-penalty interest-litigation, auction recovery and other expenses will all be refunded to you.

Or find a guarantee company to redeem the house to mortgage. ....