Documents needed to sell an apartment purchased by mortgage loan

The apartments acquired with the help of a mortgage loan can be sold, but they require more attention to detail and compliance with the legal procedures. Depending on each situation, certain documents are required to complete the transaction. In this article, we will talk about the necessary documents for the sale of an apartment by mortgage, the steps to be followed and the useful tips to ensure that the sale process goes smoothly.w

Required documents Sale Sale Apartment Mortgage Credit of the owner

In order to start the sale process, it is necessary for the sellers to present the identification documents:

a) ID card (CI) – copy and original;

b) Certificate of marriage or divorce certificateif applicable;

c) death certificateif one of the co -owners died.

It is important that these documents are valid and coincide with the data from the property documents.

Property documents

The property must be clearly identified and without legal problems. Here are the necessary documents:

The act of property:

The sale-purchase contract authenticated to the notary;

The donation or exchange contract, if applicable;

Final court decision, if the apartment was acquired by the court.

Land book extract for authentication:

This document is obtained from the Office of Cadastre and Real Estate Advertising (OCPI) and confirms the seller’s property right. The land book also appears the identification data of the building, its description and any tasks on it.

Fiscal Certificate:

It is obtained from the Directorate of Local Taxes and Taxes and attests that there are no debts to the local budget.

Energy Performance Certificate:

Mandatory document indicating the energy class of the apartment.

Required documents from the bank

a) Bank’s Agreement for Sale: The bank must authorize the sale of the property, according to the conditions of the credit agreement.

b) the situation of the credit balance: The bank must provide the customer to the client the balance of the credit in order to extinguish it.

c) Documents for the cancellation of the mortgage: The bank must provide the documents necessary for the cancellation of the mortgage in the land book after the full payment of the credit. Specifically, the deletion agreement must contain the remaining balance to be paid, the credit currency and the account number in which the money is to be transferred.

Documents of the buyer

The buyer must provide certain documents to complete the transaction, especially if he access a mortgage:

a) Identity documents – copy and original;

b) credit agreement -if the purchase is financed by a loan;

c) the agreement of the bank the buyer for the mortgage.

Documents for the notary

The notary is responsible for authenticating the sale-purchase contract. The necessary documents include:

• Sale-purchase contract: It is written by the notary and signed by both sides.
• Declaration on lack of debt: Document that attests that there are no debts to utilities (water, gases, electricity).
• Declaration on matrimonial regime: It is necessary if the owner is married.
• Payment of taxes Notarial: Taxes are established by the notary and paid by the buyer.