Mortgage of property under construction of commercial housing, derived from Hong Kong of China, is a kind of financial houses, prevailing in developed nations and regions. It is guaranteed with buildings being and. to be built, and can be purchased on mortgage loans from banks. Because of its particular function, this system is adopted as an effective way increasingly by people with common income to purchase financial houses since its introduction into China.However, it is not known to the domestic people about the legal and operating mechanism of this system. And there appears a series of intractable legal issue and disputes during the process when such a system is put into practices. For this sake,this essay focuses on the legal system in mortgage of property under construction. It examines the origin of the mechanism, illustrates the characters and feasible evaluation of premonitory registration of this system, and investigates into the problems about realization of rights and some common risks with clients concerning these risks of legal precautions, aimed at operating the mortgage business efficiently and smoothly,flourishing the financial market in estate, and developing the market economy healthily and stably. Key words: mortgage of property under construction,...
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