Can a second-hand house that has been mortgaged still be bought and sold normally?
Mortgaged houses can be bought and sold. According to Article 406 of the Civil Code, they can be transferred during the mortgage period and the mortgagee shall be notified. In practice, it is recommended to first release the mortgage and then transfer the ownership, or to transfer the ownership with the mortgage in place, in order to prevent the misappropriation of funds through supervision of the...
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