Magis Global –


October 24, 2011

The Bank

Category: General – Tags: , – admin – 5:42 pm

The difference between the amount of money buying and selling apartments sum you get from a cell bank after registering the transaction. If the transaction is made, the bank receives the balance of the debt, the debt for unpaid interest and penalties and interest, if any. All that remains – goes to the seller. If the deal breaks down for some reason, the registration of a contract of sale and transfer of ownership does not occur, takes the money back frustrated buyer, seller, in this case, the debtor remains the bank. Can a third option – in this case, the bank approves the new creditor and is entering into a loan on it. Agreement is signed on the transfer of debt the buyer (also known as the new owner), who acquires title to the sold your living space and the obligation to repay the debt owed to the bank, thus becoming, the new debtor. The apartment also respectively is pledged to the bank. Under the third scheme is now widespread and now refinancing.

This service is due to the fact that a few years ago, rates on loans were higher than today. Therefore, if there is a possibility get a loan at a lower rate, many were willing to do so. To do this in the same or another bank made out the required amount of credit to pay off debt first, and the apartment as the object of pledge is transferred from one credit contract to another. This procedure also requires the consent of the Bank and obtaining all necessary documents.

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.