Real estate loans often faulty especially when buying a home can be so enormous high fees incurred.
The debtors who took out loans a few years ago have to be annoyed today. For example, it was already established in the month of September that 300 of the loan contracts audited at that time were faulty. In the meantime, more than 2,000 different contracts have been audited – and the number of false contracts has increased even further.
Only a good quarter of the orders were in order and two-thirds could be considered ineffective. For example, construction financing was discovered in the case of formal errors such as the following: The bank did not specify an address on behalf of the company, but it is not possible to withdraw by telephone. Anyone who realizes such serious contract defaults in real estate financing has good prospects of liquidation.
For example, errors in the cancellation policy ensure that the vesting period does not come into force. Even after years, the contract can still be withdrawn and closed – of course, at much lower interest rates. Bank can then demand no prepayment penalty. Check your employment contract with a lawyer or consumer advocate before you speak with the house bank.
- Withdrawal from the contract only if the entire balance can be transferred to the house bank or if the refinancing is already established. Also important – a few credit institutions make losses of their own accord. Instead of 4.5 percentage points, only 2.8 percentage points were outstanding. It’s more likely that the benches will let you talk to them here.
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The amount of money to be paid and the payment period are arbitrary – so you continue to save the links journalism. Your honorary, regular contribution: From now on, we will concentrate even more on the knowledge of our readers * that left -journalism is also not free on the net – with our “soft” number limit.
Above each post is an advertisement banner inviting participation in promoting and securing independent left-wing journalism. The amount of money to be paid and the payment period are arbitrary – so you continue to save the links journalism. More and more it is the BGH, which is on whether orders with banks and insurance companies are really valid.
Hundreds of thousands of real estate loans
The current regulation only applies to orders that have been “ready for distribution” for more than ten years.
After this time, it could still return funds for hundreds of thousands of real estate loans. This emerges from the opinion issued recently by the VIII. Civil Senate of the Federal Court of Justice on erroneous revocation instructions. Subsequently, many younger mortgage loans can still be repealed because the cancellation policy of the loan agreements is flawed.
Credit institutions and housing associations
Credit institutions and housing associations have listed the respectively responsible supervision as so-called disclosure obligation in the wrong revocation instructions for the real estate loans concerned.
In the case of incorrect revocation instructions for a real estate lending business, the 14-day period usually does not begin. This allows consumers to terminate their employment contracts today. “We expect to capture hundreds of thousands of contracts nationwide,” explains Krolzik.