The author posted a question in Legal Advice
Have you borrowed money from the bank against your apartment? and got a better answer
Response from
Response from 0[+++++]
You missed your chance to sue on the security of the apartment
You missed your chance to sue on the security of the apartment
Response from 0[+++++]
You should have thought of that earlier.
You should have thought of that earlier.
Response from 0[+++++]
Only gangsters take away from us You should read the contract carefully It says what the consequences are in case of non-payment Only if you live in Russia, then consider that the bank has its own security service. And it's often connected with criminal structures When the frowny guys come to visit, give them an apartment themselves.
Only gangsters take away from us You should read the contract carefully It says what the consequences are in case of non-payment Only if you live in Russia, then consider that the bank has its own security service. And it's often connected with criminal structures When the frowny guys come to visit, give them an apartment themselves.
Response from 0[+++++]
Take out a long term loan elsewhere, put it in the name of another homeowner, pay it off at your 1st bank and scratch your head at your 3rd bank until you get out of it
Take out a long term loan elsewhere, put it in the name of another homeowner, pay it off at your 1st bank and scratch your head at your 3rd bank until you get out of it
Response from 0[+++++]
It's better to talk openly with the bank about not being able to pay. They will give you a grace period, as is common practice.
It's better to talk openly with the bank about not being able to pay. They will give you a grace period, as is common practice.
Response from 0[+++++]
They can really take it away! Realistically it is possible to sell at auction, and then evict you forcibly! There is a system of protection against such actions, but this should not be discussed on this forum!
They can really take it away! Realistically it is possible to sell at auction, and then evict you forcibly! There is a system of protection against such actions, but this should not be discussed on this forum!
Response from 0[+++++]
According to the Constitution article 35 point 3.No one can be deprived of his property other than by court decision. If the bank tries to seize your apartment, sell it for cheap, and, after deducting your loans and penalties, give you the rest of the money, you should go to court. The bailiffs will sell your apartment for more than the market price. I think that now you need to offer the bank another scheme for payment of the loan until the accumulation of large penalties. If you refuse, you must offer in writing with a signature on two copies - to appeal to a court with a request to resolve your dispute.
According to the Constitution article 35 point 3.No one can be deprived of his property other than by court decision. If the bank tries to seize your apartment, sell it for cheap, and, after deducting your loans and penalties, give you the rest of the money, you should go to court. The bailiffs will sell your apartment for more than the market price. I think that now you need to offer the bank another scheme for payment of the loan until the accumulation of large penalties. If you refuse, you must offer in writing with a signature on two copies - to appeal to a court with a request to resolve your dispute.
Response from 0[+]
If you took out a mortgage to buy the apartment in which you now live, then the loan agreement specifies the procedure by which the bank applies to the court. If this is your only housing, the procedure will take a long 6-12 months, during which time you can improve your financial situation - get a new job, get another credit, find a buyer at a market price, pay off the credit from the advance payment and buy another house at the same time, etc. But the fact that the pledgee will definitely decide to get rid of you as a dishonest payer is a fact, another fact - the pledgee can do it only by a court decision If you took a mortgage on an existing apartment, not to buy an apartment, but for other needs, it will be even more difficult to foreclose on the apartment through the court.
If you took out a mortgage to buy the apartment in which you now live, then the loan agreement specifies the procedure by which the bank applies to the court. If this is your only housing, the procedure will take a long 6-12 months, during which time you can improve your financial situation - get a new job, get another credit, find a buyer at a market price, pay off the credit from the advance payment and buy another house at the same time, etc. But the fact that the pledgee will definitely decide to get rid of you as a dishonest payer is a fact, another fact - the pledgee can do it only by a court decision If you took a mortgage on an existing apartment, not to buy an apartment, but for other needs, it will be even more difficult to foreclose on the apartment through the court.