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Mortgages want to allow themselves to sell collateral housing
Deputies of the State Duma want to give mortgages the opportunity to sell housing, which is pledged to the bank, on their own. In their opinion, so borrowers who have difficulty servicing a loan will be able to sell an apartment profitably and quickly.
According to Kommersant, the mortgage will be able to sell the borrowed housing if he took an apartment not for non-entrepreneurial activity, and if the amount of the loan does not exceed 15 million rubles. Also, a prerequisite will be the absence of a claim for the collection of collateral.
The document noted that the bank will take the procedure no more than six months. In this case, the minimum cost will be set in order to compensate the credit institution for the remaining part of the debt.
Now the borrower can sell housing only through public bidding or auction, with interest on the loan agreement paid until full repayment. The mortgage incurs additional costs for payment for the services of the auction organizer, the work of the appraiser and the executive fee. Bankers generally support the initiative and note that major players are already giving borrowers the opportunity to independently realize collateral.