Realization of the right mortgage refers to the debtor fails to perform due debts agreed by the parties or the occurrence of the situation, mortgagee obtained according to the law of collateral liquidated. October 1, 2007 started implementation of the "Property Law" For the realization of the right mortgage for some improvements, as opposed to "Guarantee Law" shortened the duration of the exercise of security interests; simplifies the realization of the right mortgage judicial process, effectively reducing the realization of the right mortgage costs; increase in mortgage precondition for the exercise of greater respect for the autonomy of the parties the right to the benefits of these improvements is evident in practice, but to transform the reality of thousands of society, we must adapt to rapid changes in , if the "Property Law" on the satisfaction and this is clearly not enough. After all, "Property Law" itself is there are many shortcomings, such as application of the law and supporting the issue, mortgagee mode of implementation and not perfect realization of the right to the collateral provisions of insufficient time to pick flaws. This proposal is to constantly research and study to identify the shortcomings of which accelerate the pace of legislation and amendments, and constantly improve China's legal system.
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