The construction of the house has been halted. Do I still need to continue repaying the bank loan?
If the real estate project is suspended and left unfinished, the buyer's obligation to repay the loan will not be directly waived. If the bank unilaterally stops lending or pursues legal action against the buyer, it may affect the buyer's credit record. However, if the purchase contract is legally rescinded and the guaranteed loan contract is rescinded at the same time, the remaining loan will be ...
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