Before signing a contract to buy a home, find out whether it is sealed by a court or mortgaged, and after signing go to the real-estate registration office to register an advance notice (预告登记)
- Moderate value
- Evidence A
- Saves money
- Costs a little
- Takes some hours
- Some willpower
In plain words
Before signing, take your ID to the real-estate registration office (不动产登记机构) and check whether the home is mortgaged or sealed, and whether it has already been registered to someone else. If the contract provides for advance notice registration, go and do it right after signing. Once it is done, if the seller sells or mortgages the home again without your consent, the registration office will not process it. Once the formal transfer becomes possible, you have to act within 90 days, or the notice lapses.
Mentioned in
Translated from the Chinese original. Original book, section 15, tip 14. Content may be out of date and rules differ by place. When you actually deal with an agency, a doctor or a court, follow what local officials, doctors and lawyers tell you. Disclaimer