Is the house payment in Hefei all in the escrow account before the property delivery, and the buyer can't take it out?

Hello, before the property was delivered, the fund custody account was frozen, and neither the buyer nor the seller could take it out.

The advantage of fund custody is to ensure the safety of transaction funds and protect the interests of buyers and sellers from damage to the greatest extent.

When the transaction goes on normally and meets the corresponding withdrawal conditions, the loan bank issues a payment notice, and the owner and the customer go to the custody center to handle the withdrawal voucher of the custody funds, and then the owner goes to the bank to handle the withdrawal procedures;

If the transaction is unsuccessful, the buyer and the seller need to bring their respective ID cards, sales contracts, custody agreements, custody vouchers and proof that the ownership of the house has not been transferred to the custody center for refund.