What should I do if I buy an unfinished building? Wuhan "uncompleted residential flats" has been revived.

1 in March, the abandoned Wuhan Oasis Building 17 was finally "resurrected". On March 1 day, the Wuhan Oasis Building, which had been abandoned for 17 years, was finally "resurrected". The building will be taken over by a subsidiary of He Shan Construction Group, and the project will be completed before September 30th, when the building will be renamed as "He Shan Business Building". More importantly, those owners who bought the building will be able to solve the problem.

"Oasis Building"

Oasis Mansion is a 22-story "Eshui Mansion" approved by Hubei Provincial Planning Commission 1992 and jointly developed by a drainage and irrigation company under the Provincial Water Resources Department and a developer. The nature of land use is allocation. 1995, Oasis Group changed its name to "Oasis Mansion" after the acquisition, and the building nature was changed to commercial service or high-end hotel, which was illegally built to the 26th floor. 1998 shutdown due to financial problems. In 2009, the newly acquired Wuhan Yu Sheng Real Estate renamed its 10 floor as "Happy Hour International Apartment" and the project was changed into a small commercial house. Later, due to funding problems and illegal approval issues, it was once again unfinished.

There are generally four situations to buy a rotten tail.

1. If there is no substantial unfinished building at present, developers should be given time to raise funds, complete the follow-up development and reduce losses.

2. If the developer's capital chain breaks, bankruptcy is inevitable and the house cannot be returned. Because the developer's capital chain has been broken, buyers can only get a dead letter even if they check out. At this time, the relationship between buyers and developers changed from buying and selling to creditor's rights and debts. After the bankruptcy liquidation of the developer, according to the provisions of the bankruptcy law, the relationship between buyer and seller should take precedence over the relationship between creditor's rights when obtaining compensation.

If all owners sue developers for compensation, they must keep up. If there are successive situations, then the latecomers may not be compensated.

Developers lead to uncompleted residential flats for various reasons, which makes buyers suffer, so it is very important to take precautions.

How to avoid buying uncompleted residential flats

Generally speaking, before buying a house, you need to know all the formalities of the property. Five certificates (state-owned land use certificate, construction land planning permit, construction project planning permit, construction project construction permit and commercial housing sales (pre-sale) permit) must be complete for a house that can be put on the market for sale.

Moreover, most developers with unfinished houses are small and medium-sized housing enterprises. If you don't know how to judge the strength of the developer, you can look at the public information of the developer's previous project operation and brand awareness.

In addition, although the responsibility of uncompleted residential flats is not the government, the government, as the land transferor, plays a leading role in urban development. In the face of uncompleted residential flats, it actively finds problems and coordinates all parties to solve uncompleted residential flats.

On the issue of monthly payment

This is also a concern of property buyers. Legally speaking, the monthly payment is the creditor-debtor relationship between you and the bank, and the unfinished business is the contractual relationship between you and the developer. The two cannot be confused. If the supply is cut off, it may also affect personal credit. As for the loss of unfinished business, it can only be recovered from the developer.