by court order the apartment will be sold to pay off the debt;
the court will put everything back in place and force the seller to return the apartment and the buyer to return his money.
In the case of a mortgage between private individuals, the court most often turns to the third option. Of course, no one wants to give the money back, but you will definitely not be left without an apartment.
Risks for the buyer
For the buyer, there are also significant risks associated with the right iran business email list of ownership. As we have already mentioned, after receiving the money, the seller sends an application to Rosreestr to remove the encumbrance.
In rare cases, unscrupulous apartment owners may delay this process or refuse it altogether. The situation is that the buyer has fulfilled all the terms of the contract, but has not received ownership of the property.
Enlarge imagerights of ownership apartment
The problem of property ownership rights is one of the most common in the secondary market.
The solution is still the same - we go to court. You must have documentary evidence that the payment has been made in full. Ideally, each transfer of money should be certified by a notary with the signatures of both parties.
Receipts will serve as an indisputable argument in court that you not only fully complied with the terms of the agreement, but also made payments on time.
It is important to note that the process of transferring money in the presence of a notary must also be spelled out in the contract.
A mortgage between individuals is a little-known, but sometimes very effective way to purchase real estate. It helps both the seller and the buyer, but still involves some risks, which should always be taken into account. The main thing is a well-written contract, which will save you from unnecessary problems.
