Mortgage apartments from Sberbank: showcase of property for real estate sales

Russians are losing interest in mortgages. In May, the number of mortgage loans issued decreased by 27%, to 57.1 thousand, and their volume decreased by 28.2%, to 184 billion rubles, according to data from the Equifax credit history bureau.

A year after the launch of the preferential mortgage program, compatriots began to get rid of mortgaged housing because they could not afford the monthly payments. the head of the urgent purchase of federal real estate Alexey Panov told Izvestia , the number of apartments with encumbrances put up for sale in the Russian Federation has sharply increased: by 20%. This is housing mortgaged from banks, as well as purchased using maternity capital. We have already written about the risks of purchasing the latest real estate, now we will tell you how safe it is to buy mortgaged apartments.

Question and answer How long has the preferential mortgage program been extended?

How to purchase confiscated housing

When applying for a mortgage loan, the apartment/house purchased with borrowed funds remains pledged to the lending institution.
If for some reason the client cannot properly fulfill his obligations, the pledge holder (bank) has every right to seize the property based on a court decision and sell the confiscated objects. The sale of Sberbank's collateral property is possible only after a court hearing, if the dispute cannot be resolved by other means. The main advantage of such a purchase is the reduced cost. After all, it is important for the bank to at least partially compensate for the losses incurred. One of the disadvantages is the fact that the home cannot be viewed in reality. Its condition can only be assessed from the photographs posted on the website.

There are several ways to buy a mortgaged apartment from Sberbank:

• Purchase directly from the debtor. Having reached an agreement with the financial institution and drawn up a written agreement, the mortgagor can sell the property himself. In this case, the ownership right is registered with an encumbrance. After all the calculations have been made, the new owner of the property removes it. Information about the encumbrance is reflected in the Unified State Register extract;
• Receive through debt assignment. The buyer provides the financial institution with a package of papers for re-registration of the agreement. In this case, an expert assessment of the property is not carried out. After checking the provided documentation, the procedure for re-registration of the mortgage is carried out. The new owner of the home pays the loan on the same terms as the previous owner;
• Buy from the bank. The sale of confiscated property is carried out through auctions. All documentation is prepared by an accredited realtor. The balance of the debt is placed in a safe deposit box or transferred to a deposit. After completing the re-registration procedure, the credit institution receives money, and the acquirer receives real estate.

The sale of mortgaged apartments in Sberbank is carried out at the price prescribed in the court decision. Often the cost of a home is 25% below market value.

Collateral property of Sberbank

The borrower's property is considered collateral, which is transferred to Sberbank as collateral as security for the debtor's financial obligations. It can be not only real estate (apartment, house, plot, as well as industrial or commercial), but also special equipment, materials, vehicles or goods in circulation of the debtor company. If the deadlines for depositing amounts on the loan taken are violated, the collateral goes to Sberbank of Russia (the pledge holder), which is engaged in its further sale. Offers, as a rule, are very interesting to potential buyers, and their sale allows an individual or company to pay off its obligations to the bank.

Conditions for the sale of seized real estate

• Mortgage housing is located in 21 regions of the Russian Federation, including Moscow and Moscow Region, and St. Petersburg. As a rule, auctions are held at the place of registration of the property;
• The sale of property takes place through the official website, where each house or apartment is described in detail;
• Buyers are notified about the auction a month in advance through local media, the Internet and information publications of the region where the auction is planned;
• After completion of the auction, the acquirer has ten days to repay the debt to the credit institution. If it is not possible to pay the amount within the specified period, it is possible to take out a mortgage or consumer loan.

The auction is considered valid only if more than two people took part in it and a price higher than the starting price was offered for the property.

What determines the price tag of confiscated housing?

The cost of collateral real estate is calculated based on a discount; determining its size depends on the following factors:

• Terms of the mortgage agreement;
• Liquidity of the property on the real estate market;
• Borrower's credit history.

The discount also includes possible expenses for conducting bidding and legal costs in the event of litigation.

Auction of Sberbank collateral property

The specialized exchange platform of Sberbank-AST Bank (automated trading system) allows the former property of borrowers to be sold to any interested parties. To participate in the auction, you must register and obtain accreditation at the ETP site. It is advisable to use an electronic digital signature when registering - this simplifies the purchase process. The first assets included in electronic auctions back in 2010 were knitting and carding machines, a list of real estate, as well as cars and trucks as collateral.

Insurance

Selling and buying collateral real estate is a certain risk, so it would be a good idea to insure the property. The client has the right to choose any accredited company approved by the Savings Bank. The official website contains a complete list of organizations that can issue an insurance policy.

The borrower has the right to choose a third-party company, but in this case the documentation takes much longer to check. The review period may take up to one month.

Will the share of housing sold with encumbrances increase?

More than half of housing is purchased with a mortgage. The decline in real disposable income, which has already become chronic, always increases the share of mortgaged apartments sold.

“The share of such facilities may increase if the economic situation worsens. Most likely, real estate properties that were purchased using a minimum down payment (up to 20%) will enter the market, as well as apartments on the primary market, because they cannot be rented out (as some mortgage holders do on the secondary market) and thereby reduce debt burden of the borrower,” believes Dmitry Shchegelsky, president of the St. Petersburg Chamber of Real Estate.

The apartment is sold with a “refusenik”. Is it safe to buy? More details

Victoria Bessonova recalls that about a year ago a bill was introduced to the State Duma giving citizens the opportunity to independently sell mortgaged housing. “That is, in a situation where it is no longer possible to repay the loan, a person will have a chance to quickly sell housing to a specific buyer without enforcement proceedings and bidding. This will further expand the market. The bill was developed jointly with the Central Bank and adopted in the first reading in December last year,” the expert sums up.

Requirements for the borrower

The program is designed for clients who are employed. It cannot be used by individual entrepreneurs, business owners with a share of more than 5%, directors and responsible persons of small businesses who have the right to sign bank documents, members of peasant farms.

The loan is provided to Russian citizens who have permanent or temporary registration in the Russian Federation. The minimum age of the borrower is 21 years. The maximum is determined based on the lending program: if a loan is provided without proof of income, then at the time of repayment the client should not be more than 65 years old

, in other cases - 75 years (upon the final maturity of the debt).

Minimum work experience of 6 months in the last position and at least 1 year during the last 5 years. There are no restrictions on length of service for holders of bank salary cards.

The program provides for the participation of a spouse as a co-borrower; additional co-borrowers can be involved if it is necessary to increase the loan amount.

Sberbank is required to check the applicant’s credit history

.

If there is an open arrears or problems with repaying the previous debt, the loan may be refused.

Sale of apartments put up for auction

Now there are enough proposals of different categories and degrees of readiness.
The residential real estate market is replete with various properties put up for sale for debt. This abundance, in the eyes of an inexperienced buyer, is extremely difficult, and navigating a large number of offers can indeed be difficult. There is a high probability of making a fatal mistake when purchasing an apartment on your own through an auction, since there are many different aspects that the buyer, perhaps making such a transaction for the first time in his life, is not aware of. With experience, of course, the number of mistakes becomes significantly smaller, but the risk of being left without a deposit or taking substandard junk is always there. In such cases, there is a company called InvestTorgi with experienced specialists. Buy an apartment at a bankruptcy auction in any city in Russia that matches your wishes in terms of location, area, quality and price. Our specialists will help you choose an apartment according to your criteria and purchase it profitably. Often, apartments put up for bankruptcy auctions are freed from mortgage encumbrance. As a result, you purchase housing, albeit in a slightly more complicated way, but significantly cheaper than the market price.

The benefit can be up to 30%!

Thanks to this, there is a real opportunity, after a short period of time, to resell the item at the market price. It is worth saying that there will be competition at the auction of the most interesting lots, but there is always the possibility of obtaining housing at a discount from the auction. Customers value our company precisely because we achieve the best results even in cases where the situation gets out of control.

Unfortunately, there are situations when the experience, money and magic of our specialists are powerless. We inform customers in advance about these rare cases and possible complications.

Pros and cons of a mortgage secured by existing real estate in Sberbank

Sberbank’s program for providing mortgages secured by existing real estate has its advantages and disadvantages.

Main advantages

:

• There is no need to raise money for a down payment;
• A chance to purchase a home without having sufficient personal funds;
• The bank does not check the intended direction of loan funds.

Minuses

:

• Not all clients have the opportunity to pledge real estate that meets the bank’s requirements as collateral for a loan;
• The interest rate on the loan will be slightly higher than on a standard mortgage (6% for social mortgages, from 8.6% for finished apartments);
• The borrower bears additional costs for assessing the collateral and registering the transaction.

Basic conditions

Basic parameters for issuing a loan:

Life and health insurance of the borrower, with his consent. If the client refuses to take out a policy, the interest rate increases by 1%

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Apartments for bankruptcy auction - Moscow

There have been many changes in the modern Russian residential real estate market in recent years.
First of all, in this section we will talk about apartments. You can look at country houses and townhouses in our other sections. People and companies buy houses and apartments and then sell them due to various life circumstances. One of the most common circumstances is the bankruptcy of the owner. We have been helping in the purchase of apartments at auction for more than 10 years. In our online catalog we present you the most interesting things that are currently available from all over Russia. All objects are carefully and carefully selected by analysts of the investment company No. 1 Invest Trading. A whole department of analysts is working on this. At the same time, each lot goes through a strict filter, and garbage offers are rejected. You can trust our specialists.

Trust the professionals of InvestTorgi.ru!

We will put our 10 years of experience at your disposal. We make risks minimal and return on investment maximum for all our customers; every ruble of our commission pays off more than once. Be sure of this.

Step-by-step purchase instructions

The most transparent option is to participate in the auction and win the competition for the lot, i.e. The highest bid is considered the winning bid. Real estate from 21 regions of the country takes part in the auctions.

The stages of the procedure for purchasing an apartment based on the auction results are as follows:

• Registration of the participant and potential buyer on one of the official platforms where transactions with seized property take place.
• Concluding an agreement on a deposit, which is a guarantor and confirmation of the officiality of what is happening. The agreement is drawn up between the organizer (Sberbank or an intermediary) and the buyer. The amount of the deposit is defined specifically in the description of a particular lot.
• Notification of all registered participants about the time and day of the start of trading.
• Making an initial contribution, the amount of which is approved by the bank. This amount does not expire; it is returned to those who did not purchase anything.
• On the day of the auction, a summary table with all available pillboxes, their starting price, detailed characteristics, pitch, etc. is made freely available to participants. The minimum value is determined either by a court decision or an agreement with the debtor.
• The one who offers the maximum is declared the winner. The deposit is not returned to him, it is included in the payment and the entire amount must be paid within 10 days from the date of the auction. At the same time, the possibility of taking out a mortgage is not excluded if the parties agree on this. In this case, the settlement deadlines are shifted.

The auction is considered valid if 2 or more people took part in it.

The purchase is made in stages, step by step.