Junior hypothec

Junior hypothec – this is secondary mortgage, established on a real estate behind a privileged one. The junior mortgage has to wait until the creditor who has established the previous one, gets satisfied from the sale of the mortgaged estate by the enforcement agent (the bailiff). It is advisable to consult with an independent property lawyer before purchasing a real estate. The lawyer can check its actual legal status and confirm to you if there are any existing mortgages or other kind of legal burdens.

Lear more about some problematic real estate purchases in Bulgaria: www.bulgariandeals.com

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