EXERPT
The excerpt allows one to obtain the actual, current equity status of a certain party from a certain property registry office.
Mortgage Survey Excerpt
This is an essential tool for in-depth assessments, especially at the credit-collection phase. The excerpt includes the party's contact information, the date the register was last updated, the number of records consulted. After that comes a section relating to the actual "Real Estate Value", which includes amongst other things, the following essential elements: Share (type of right and share), Location (municipality and address for the parcel), Description (complete land registry office data for the real estate), Provenance (key data from the purchase deed), Recordings, and Payment Defaults. The excerpt is then rounded out by the detail on claims and the summary of records consulted.
Who might need this service?
Individuals or businesses who wish to secure a mortgage register search in which all assets held by a party as of the consultation date, with all encumbrances thereon, are listed, with a view toward future action against the real estate, or simply as a precaution during negotiations for any real-estate parcel
Why is it important?
To acquire a database excerpt on a party’s current assets from a specific register
What data are required for the request?
Party’s Tax ID, Surname, First Name, Date and Place of Birth, Register to be consulted, or Municipality where the asset(s) or real estate is presumed to be located
What is the turnaround time?
REGULAR PROCESSING: 14 days / RUSH PROCESSING: 7 days
Do you have any other questions?
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