2014-06-20

Chinese Surprised to Find Their House Seized

The government is seizing homes in Beijing related to economic crimes, but they are not informing the public. In one case, neither the buyer, seller or agents knew the home was seized until after the deposit had already been paid. The owner wasn't involved in any litigation, but her father was being investigated. With the major anti-corruption sweep underway and many instances of illegal fundraising, there is no shortage of seized properties. This also is another incentive for corrupt officials to dump their properties as fast as possible.

对不起,该房已查封
Chen never thought to buy a house was closed down this kind of thing will fall himself.

Chen early 40s, a three, a child old enough. In order to improve the living conditions, Chen intends to buy a bigger area of ​​second-hand housing.

In the first half of this year, Chen began four showings, mainly in the peripheral target Chaoyang District, some of the more high-end projects.

May of this year, Chen fancy chain of family property by a three-bedroom, Chaoyang District Easthigh era, this is a fine decoration of houses, the project very close to World Trade Center, the building's very new. Owner is a young lady of 90, Erdos, the attitude is very friendly, and the two sides successfully negotiate a good price, to total $ 6.5 million price.

In late May, the two sides signed a contract for the sale, Chen paid a $ 600,000 deposit. Because Chen is the full amount to buy, so the problem does not involve loans. After the signing, etc., release of mortgage, pay the balance due, go for transfer, Chen one can successfully live in this house.

This is a common, but the purchase transaction, but then it happened unexpected changes.

Signing the contract the next day, accompanied by brokers chain home owners also finished the set of individual housing mortgage arrears original 600,000 yuan, and the Beijing Municipal Construction Committee to apply for the appropriate release of the security procedures, formalities Construction Commission staff said The house has been sealed and can not be traded.

This news, let Chen, the chain of home broker, even the owners are ignorant himself. Because before this, there is no indication that there is something wrong in the house where the landlord himself has said that he does not know his own house had been seized. Despite this, there is no conclusive evidence to prove that.

The fact is that the owners did not involve himself in any litigation, but his father suspected of economic crimes, the Public Security Bureau of Ordos has been controlled, the local police seized the house.

Housing has been unable to deal, but Chen was already spending real money of $ 600,000. Owners said no money on hand, can not afford to return the 600,000 yuan, will try to raise money returned. But there is no money to raise.

"Mine" increased

Chen is not a special case, but the past two years, Beijing issued a sealed housing market into the high number of cases in a trading market.

Early last year, the chain of home real estate began to strengthen risk prevention, and released in November last year commitment, if the contract before trading houses have closed down and no verification of the chain out of the house, the chain of home buyers who promised Xianxingpeifu amount paid, and in order to strengthen Company precautionary measures against this type of risk. Direct pressures include chain hotels, including the agency faces is that in such cases since last year, showing a clear upward trend.

For nearly a year, the chain of home market transactions in Beijing, had already seen three cases of seized houses. In addition to Chen, the other two occurred in the second half of last year.

July 2013, a buyer purchased a total price of Chaoyang District, more than 350 million homes, have paid 2.3 million yuan housing fund, the broker handling the network signed in, only to find houses were seized. The reason is that the owners father involved in illegal fund-raising, houses were seized Baotou Public Security Bureau.

September 2013, a buyer purchased a house in Haidian District, the total price of 18.4 million yuan, but after paying 100 yuan deposit, the landlord himself due to contract fraud is the Public Security Bureau of Ordos control, housing has been sealed.

Inflow sealed housing market, the agency is also increasing the risk of the transaction, which they called stepped on mines.

Chance in the chain of family property, a responsible person, that began last year, trading houses involved in the seizure significantly increased. "Before Beijing market within a year, his company involved, plus the emergence of peer companies, since most will be two or three, but nearly a year, only a chain of family benefit payments had three cases of its own, plus peers transaction occurs, the whole market into trading links sealed housing, estimates the total market value of 100 million yuan or so, there are as many as the number of dozen. "the official said.

Albert I love my family Group Vice President Hu Jinghui also believes that this risk increased significantly. He said that since the last couple of years, second-hand housing transactions encountered similar problems do more, which leads to, now almost all agency efforts to strengthen property rights in respect of verification. "Since last year, the chance of stepping on landmines much larger." Said Hu Jinghui Overall, Beijing second-hand housing market and therefore causes dissension class than in a normal year more than doubled, nay, perhaps even in the housing transaction process seizure occurs, for example, when the network signed, housing is normal, but after a few days, the Construction Committee of the transfer, I found houses were seized.

Let the chain of home real estate brand director Xu Donghua impressive case of a sealed housing market transactions, is around October last year. At that time, a region located near Chaoyang Park second-hand housing market, significantly lower than the quoted market price, tax included in the total price of about 20 million, this house was also commissioned to carry out the chain of home sales. However, the chain of home agents soon discovered that the house owners have several distinctive features: determined not to fund supervision, requiring large down payment, do not fit to the Construction Committee of the examination room. Homelink judge this suite risky.

Finally, the house through a small agency transaction, the buyer upfront payment of around $ 5 million. However, soon after the payment, the landlord not contact it. "This house was later learned relates to multi-pen seizure, as well as bank collateral, guarantees." Xu Donghua said.

Otherwise the buyer the money back, not willing, to go directly moved to live in this house, and found absolutely impossible, too many creditors, doors smashed and other conditions occur, can not live, and later moved out.

Sealed room to bring market risk, there are policy reasons for the absence. "Sealed room in addition to the Construction Committee investigation, the other way is not found, and Construction Commission does not open brokerage firm, or licensed broker inquiries only requires the industry to check the auspices of documents, but the owners with little power, so these obstacles sealed housing owners have loopholes. "Xu Donghua believes that if the government liberalized the requirements queries, useful for the prevention of such risks.

Room sealed source

Sealed housing market increased, just a representation, which is the result of changes in the economy in recent years.

Three payment from the chain of family housing transactions since the seizure of view, two of which are sealed Erdos Public Security Bureau, was seized along with Baotou Public Security Bureau. As for the reasons for the seizure, two families from the owners involved in illegal fund-raising, economic crimes, resulting in houses were seized, along with the owners I of contract fraud, leading to houses being seized. "'Sealed room' high-fat trend, we have to determine the cause of the economic downturn, some speculative funds strand breaks businessman situations arise, particularly payment of these three cases are related and Inner Mongolia, and illegal fund-raising, financing resulting from economic crime and so on. "Xu Donghua said.

The past two years of economic class disputes, cases increased significantly, including Ordos and Wenzhou region a typical area. Currently, the Beijing market, the total number of such sealed housing, this data is difficult to calculate. However, the assets will be auctioned litigation, involving the number of houses in Beijing, this problem can be reflected to some extent. Because litigation assets before entering the auction process, it must be the first to be seized.

Can be seen in the Ordos Intermediate People's Court proceedings asset auction information, from May 30 to June 13, there are 11 sets of houses will be auctioned in Beijing, including residential and commercial buildings. The local housing will be auctioned, the number more.

The Beijing Equity Exchange litigation asset trading platform, currently a total of 21 housing units during the auction, as well as building Haidian District RUIHAI 31 sets of commercial space during the whole auction.

In May this year, Cangnan County of Wenzhou City People's Court held a news conference, which released the data, from 2010 to 2013, the county's economic and financial categories of cases before the Court about three times the number doubled, total more than eight times the subject turned . Cangnan County court also said that in recent years the county court of economic cases, more than 30% of the defaulted debt after the debtor, or unaccounted for, or Bierbuxian.

Not only is the district court faced with a large number of cases in Wenzhou rising problem. Jiangxi Province, a city judge complained to the Economic Observer reported, its admissibility in court economics major disputes this year, the number of economic class disputes increased significantly compared with last year, the number of cases nearly doubled, due to the shortage Working together really overwhelmed.

Last October, the Supreme Court issued a document, published a list of dishonest debtor who has not fulfilled its ability to perform the obligations of the judgment, until June 13 this year, more than eight months time, there were 121,295 dishonest debtor, enter the public list.

Domestic credit worrying involved, it also increased the risk of seizure housing market. Supreme People's Court statistics show that the national court rulings from 2008 to 2012 the debtor has property cases, the presence of more than 70% of the debtor to escape, evade and even violence to resist execution behavior, less than 30% automatically performed .

Court seized the assets of the debtor housing is a more common practice, but in addition to the courts, there are many subjects involved in housing can be sealed. Beijing law firm King St. excellent transport silver lawyers said, the public security bureau, procuratorate, the national security sector, and customs have seized the right to housing. Three cases involved in the above chain of home, are carried out by the police department seized.

In addition, a nationwide anti-corruption, but also increase housing transactions, real estate or personal problems of probability.

"Trading houses are also facing this problem, such as a person to buy a house last week paid the down payment, loan applications and other processes are the result this week to shut down the phone, people can not find, and then how to do, no money to repay the loan? As far as I know, this year there have been many such cases. "Hu Jinghui said.

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