3. Sale of mortgage property together with the credit. It is performed by renewal of material obligations of the people who wish to receive apartment, car, a summer residence and other expensive objects. This scheme uses special popularity among persons who don’t manage to obtain the credit in bank on property acquisition in connection with absence of the sufficient sum of monthly receipts or ownership rights on the valuable objects of real estate acting in a role of pledge.
The mechanism of official registration of papers doesn’t demand considerable material and labor costs. At first the notary the prohibition on property alienation then the buyer receives in bank an acquisition loan of real estate, the car and the other value acting as object of the agreement acts in film. It transfers money to the seller who liquidates a debt before bank, and a difference (if it is that is formed) disposes at own will. In a prize will be both bank, and the seller, and the buyer …
4. Reception of money for credit payment. Own property to the third parties which are engaged in the redemption of cars, real estate and other objects keeping original cost throughout many years is implemented. After circulatuion in the corresponding company the qualified specialists estimate property value and when due hereunder help to perform procedure of “alienation-assignment” of the property. As a rule, the client receives to 70 % from market price of implemented “goods”. The money obtained as a result of the transaction, goes on repayment of credit obligations. This scheme approaches for the people having too big obligations to monetary institutions.
5. Return to bank of object of real estate. This scheme assumes realization of property by representatives of organization and is the most pessimistic variant for the borrower. It is applied in a desperate situation when there is no every chance to extinguish the obligations assigned to the borrower. Disposing of the property of the client, the monetary institution doesn’t aspire to sell object of crediting at high market prices, after all it is enough to bank to receive only such sum of means which completely would cover indebtedness volume. Material problems of its client don’t interest.
Use of similar schemes of repayment of credit obligations allows, according to specialists, in short terms to extinguish indebtedness and completely to settle payments with monetary institution. Besides, as our adviser-lawyer assures, all methods set forth above are quite lawful.
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