Acquisition of housing using a mortgage loan is a fairly common option to move into your own (actually owned by a bank) apartment, paying its cost in installments over 10 years or more at a minimum (in our times) bank rate.
Most frequently asked to the specialists of the company "Legal Solutions" directly to the site https://2lex.ru/ or by calling the hotline the question: "If the borrower is unable to pay monthly installments, and the debt begins to grow like a snowball, will he remain the owner of the mortgage apartment during the bankruptcy procedure?" - does not have an unambiguous answer and requires professional consideration in each individual case.
Possible options
It should be borne in mind that state guarantees of its inviolability do not apply to mortgage housing. It can be taken by the mortgagee (the bank that issued the mortgage) exclusively in court. Until that time, with the help of lawyers of the company "Legal Solutions" it is possible to resolve and resolve the issue using options such as:
- Sale of an apartment and payment of debt (if its value exceeds the amount owed).
- Sale and partial payment of debt (if its value is less than the existing debt), followed by the bankruptcy of an individual and writing off debt balances in court.
In any case, you will have to part with the mortgage apartment and it is better to carry out its implementation with minimal damage and get out of the current difficult life situation with dignity. At the same time, the assistance of the company, behind which has a huge positive experience in solving such problems and high qualifications of specialists will make you feel under reliable legal protection.
