As practice shows, the All-Russian project "Affordable housing" adversely affected for many families. And all because of the fact that the borrowers initially miscalculated with their financial capabilities, and this has resulted in serious arrears.
Related article: The cost of loans to purchase real estate business declinedSome media have noted the mortgaged housing that borrowers are passed on to the bank, may be seized and sold at auction, and the debtor - evicted without the provision of property.
Does podomnyh legitimate cases of the bank, what is the procedure of debt collection, borrower what to do?
Most experts of the national mortgage market say that just like that, and as soon as possible, nobody will take the apartment. The whole procedure of foreclosure has a long hard road, and realize it is not so easy ... In large-scale foreclosure of the property may adversely affect the image and reputation of the bank, so the financial institution to seize profitable interest for late payments, not the property itself.
Acceptable option for the bank - to keep the client, and go with him to contact each other to find common ground in addressing the issue of mortgage debt. This is because the creditor bank and the borrower is not interested in litigation and settlement of the problem this way.
If the client was in the situation of the unpaid debt as soon as the borrower receives a phone call to find out what the cause of delay in payment. When the delay reaches 30 days of the term, the bank begins to actively engage in problem loans - you can send a letter of demand, meets with the client to determine the terms and repayment of debt.
Attention! The Bank may apply to court for the recovery, if the customer was insolvent, ie, risk of non-repayment of funds is very large, or the debtor on their own is not going to touch.
A flat You give freely ...
In practice, there is an option if you can not prevent the seizure of property, then the situation can be somewhat mitigated. Clients are encouraged to leave the apartment himself, without waiting for the bailiffs. When the lending bank itself offers debtors to voluntarily sell the mortgaged property to repay debt, current conditions are a growth in housing prices. Despite various caveats, the bank is more profitable than treat the arrested debtor's assets at auction, and auctions. This can be explained very easily, because the cost of an apartment may well be far below market prices. And for the debtor-borrower such an option is most appropriate, based on the theory he can buy a home in another area, away from the center, but still will not remain without a roof over your head.
According to experts, the options described above, occurs when the value of the pledged bank apartments commensurate with the amount of debt on the mortgage. However, if housing is not sold to cover the debt, the bank will be more difficult to retire debt through the realization of collateral. All other actions in this case will be at the stage of enforcement proceedings to enforce the order after the court decision. If the resulting amount is not sufficient to repay the debt, the balance will be dovzymatsya with the borrower.
Also note that if the borrower is nowhere to go and face eviction, in fact, it will not remain on the street. Housing Code of the Russian Federation stated that local authorities created spetsmanevrenny fund. In such situations, debtors can be accommodated in hostels ...
Why do debtors?
One answer - the reason all the loyalty of banks to its customers-borrowers. The percentage of defaults in different banks is different. However, if the risky component of the monetary policy weighed, and the basis of a systematic analysis of all possible risks, then, of course, the percentage of late payments will be much lower.
Thus, if not to lend the first that fell to the client, the risk to get a dishonest borrower will be considerably less. There are situations when the client is unable to determine their own capacity to repay the mortgage, ie, for he believes the bank. If the creditor bank still refused to issue mortgages to potential borrower, it means that the budget is not yet ready for such pressures, it may be better, the client can over a period of "preparation" and the next time you visit the bank to feel more confident, and Most importantly, the bank is confident about the solvency of the borrower.