Agreement To Sell Mortgaged Property

# The valuation of the mortgage for such a property will be easier, given that there is already a record of the value of it and the previous owner would have already passed all the authorizations. If you take out a loan from the same lender that granted the loan, you can save a lot of time that would otherwise have to be spent on document verification and valuation of the property. # Very often, mortgaged properties that are for sale are not very old, usually less than 10 years old. The owner may have decided to sell it due to the capital increase in the area and can give you a good deal compared to other expensive properties nearby. If the seller pays the unpaid fees, a NOC is issued by the bank to confirm that there is no outstanding contribution to the mortgage and the original documents are released. # Hypothekare properties are usually sold with a discount on new ones…

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