Legal information

1. Waiting for new developers to take over
Generally speaking, local governments will look for new developers to take over unfinished buildings. However, this waiting process is unknown and often depends on luck. Some unfinished buildings have been waiting for several years without anyone taking over. Some only need to wait a few months for a high-quality developer to take over. After the new developer takes over, the buyer can continue to fulfill the previously signed home purchase contract.

2. Check out reluctantly
Few people will choose this method. It is difficult to get back the down payment if the developer runs away, but some friends who are under mortgage loan pressure will choose this method. Although the down payment may not be returned, they do not have to pay off the mortgage every month for an unfinished building. Generally, the government will deal with the unfinished housing registration. For real estate that has not been completed and has become an unfinished building, the consumer's right to request a return of the house payment will take precedence over the project funds.

The business areas of Yingting Lawyers Group include government-enterprise disputes, administrative compensation, enterprise demolition, mining suppression, administrative agreements, illegal construction, land transfer, BOT, PPT projects, investment promotion, administrative litigation, equity disputes, economic crimes, etc.

Since project funds have priority over construction project mortgages and the rights of home-buying consumers have priority over construction project mortgages, the government will handle

Legal basis: "The Interpretation of the Supreme People's Court on Several Issues Applicable to the Law in the Trial of Commercial Housing Sales Contract Disputes" Article 13 If the buyer requests to terminate the contract and compensate for losses due to quality problems of the house that seriously affect normal living and use, support shall be given to the quality problems of the house delivered for use, and during the warranty period, the seller shall bear the responsibility for repairs;
If the seller refuses to make repairs or delays repairs within a reasonable period, the buyer may make repairs by himself or entrust others to do so.

The repair costs and other losses caused during the repair period shall be borne by the seller. If you want to know more about this, you can consult a lawyer on this site for one-on-one online consultation.

The legal knowledge in this article does not represent legal advice. If you encounter similar problems, you should analyze them in detail.