Sure, here is the translation: Guarantee Law Q&A

Author: Sun Lihai
Publisher:
Publishing Date: 2001-01-01
Features: This book is one of the recommended reading materials for the national "Fourth-Five" Rule of Law Campaign. It provides systematic and easy-to-understand answers to relevant questions about the Guarantee Law in the form of Q&A. The book is rich in content, accurate, popular, lively, and integrates theoretical, knowledge-based, and practical aspects. It also includes a certain number of illustrations, making it (illustrated and lively), highly readable, and a relatively practical legal popular reading material suitable for readers of different age and cultural levels.
Mortgage refers to the situation where a debtor or a third party does not transfer the possession of the mortgaged property but uses it as a guarantee for the debt. When the debtor fails to fulfill the debt, the creditor has the right, in accordance with the provisions of the Guarantee Law, to either appraise the mortgaged property or sell it at auction or through sale, and to receive preferential compensation from the proceeds.