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"50,000 yuan is the only life-saving straw." hearing these five words, li ming's heart hurt like a knife. however, on the edge of trouble, he is tempted, promised by a lifeline. cutting off the mortgage payment to secure a house may seem like a shortcut for struggling homeowners, but it is actually a gamble, a business that takes advantage of a lack of legal knowledge and financial pressure to make profits.

wu longfei, senior partner of guangdong legal shengbang (dongguan) law firm, revealed the essence of cutting off mortgage payments to protect houses: "this is making money from poor information." although these institutions can play a role in preserving houses in the short term, but it's not necessary. property auctions take time, and bank loan default procedures also require time and patience.

"even without any intervention after the supply is cut off, the property will not be auctioned quickly according to normal legal procedures, and it will often take one to two years." however, the temptation of this "safe channel" is often irresistible.

zhang taojin added that bank loan non-performing ratios are low, and banks may immediately file lawsuits if supply is cut off three times in a row or six times in total. however, now that the number of foreclosures has increased and many properties are still inhabited, auctions have become less easy to execute and can easily lead to conflicts. this is an outcome that no party wants to see.

“many property owners know little about laws, policies, and how to communicate with banks, so they are easily confused by the rhetoric of home insurance agencies, and then choose to cut off payment to protect their homes,” his analysis pointed out the problem.

cutting off the mortgage payment to secure a house is more like a huge gamble in the fog. in reality, when many homeowners face difficulties, they find it difficult to sort out their legal and financial situations and find themselves in desperate situations.

“even after the supply is cut off, the owners will face more risks,” zhang tao revealed. “if they continue to refuse to repay, the bank will definitely initiate legal proceedings and require the person who has cut off the supply to bear liability for breach of contract. this includes but is not limited to repaying the entire loan in one go. loan principal and interest and bear legal fees, etc.”

more critically, however, the delicate balance of legal edges can also lead to greater risks. even if the delaying strategy to delay the litigation process itself may not directly constitute a legal risk, if the lease is planned in advance as a means of evasion, it is likely to cross legal boundaries and be regarded as an act of resisting the court's judgment and ruling.

"once the facts are clear and the evidence is sufficient, you may be suspected of a criminal offense and face severe punishment by law."

li ming looked out the window, confusion and fear intertwined. he didn't know what to do next? should he choose to find a safe path in the fog, or step into the unknown world and meet the challenge?