If you are wondering HOW TO SELL AN APARTMENT UNDER MORTGAGE in this blog we bring you agreements on this issue and in all a couple of tips that are clear, understandable and easy to follow.
So, if you have an apartment mortgaged by any commercial bank;
1.) DETERMINE THE BALANCE OF DEBT
2.) DETERMINE THE VALUE OF YOUR PROPERTY IN THE MARKET
3.) OBTAIN A DOCUMENT CALLED A “LETTER OF INTENT” FROM A COMMERCIAL BANK
4.) TELL EACH POTENTIAL BUYER TRANSPARENTLY THAT THE APARTMENT IS MORTGAGED, AND THAT IT IS PART OF THE PURCHASE
PRICES MUST BE PAID TO THE BANK FOR THE PURPOSE OF CLOSING THE LOAN, AND ALL IN ACCORDANCE WITH THE INSTRUCTIONS FROM THE LETTER OF INTENT.
However, it is not always as simpleas it seems. Following the above instructions, additional questions will be opened that will require additional involvement of a specialist. Some of the open questions are;
— Is my apartment worth more than the balance of the debt in the bank?
— Do I have any other expenses when repaying the loan early?
— How to legally regulate that the buyer, in addition to the purpose of paying the loan, pays the rest of the purchase and sale to me
prices?
— Who is obliged to “delete” the mortgage from the title deed after payment or how to do it?
— Mortgage is not from a bank, but by a third party or institution... how to sell an apartment in case
Third-party mortgages?
— What must the letter of intent contain for the same to be valid for you and the customer?
Therefore, if you want to SELL AN APARTMENT UNDER MORTGAGE, contact us with full confidenceto guide you through the whole process for your safety and the safety of your buyer.
The property you are selling is probably the highest value you currently have and make sure that with minimal cost you ensure the absolute security of selling your apartment.
Contact us with full confidence through any communication channel
and ask anything that interests you;
kontakt@euro-interijeri.hr
01/3734 793
019/3730 099
091/3734 793
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published on 27.03.2024 year