The notice period after ten years is six months. Example letter termination real estate loan after 10 years :. Hello, I have before my real estate loan after §489 (extraordinary right of termination after 10 years) to terminate and pay.
Termination of real estate loans according to §489 – mortgage lending forum
Hello, I have before my land loan after 489 (extraordinary termination right after 10 years) to cancel and replace. The exchange of loans at two credit institutions should take place in the month of November. The credits were received in the month of May 2003. One of the two credit institutions has already sent me a list of the transfer fees and brief information on how they should be carried out (the lower amount was just over 20000).
The other credit institution (main creditor) has not yet responded, not even a second notice of termination by dialing in with the words: return receipt and e forwarding by Fa. If terminated until then not hermetically sealed, I will not receive a forward loan in the month of November (because the base fee can not be transferred) and still has to pay the interest damage.
What do I do best now to ensure that the credit is also legally safe terminated, or the house bank notice and confirmed the date? with the bank call and the request. or go. if this is not possible, use your vehicle or public transport.
So you have correctly (not exceptional) terminated according to 489 BGB, so right up to and including October 11th. 10-year fixed income plus 6 months’ notice. So now you have time until the month of December to deal with the former house bank. Anyway, the new banker will not pay any later in the month. And until then the old loan is still going on.
If they are not balanced by December 11, the old loan will still be up and the new bank will have to pay a commitment. If the default is at the former house bank (as it now looks), you can claim your property damage there. At the end of last year, for example, I secured a term loan from a house bank to a well-known real estate financier.
Cancellation can be used 10 years after the full payment
This loan is 10 years after full disbursement of the original loan (15 years fixed rate, then 5.1%) +6 weeks’ notice (termination right after 10 years §489) = 11.2013 to replace the remaining debt. Cancellation can be used 10 years after the full payment with a notice period of 6 months. Under termination then what date for termination is subject to termination? I cancel for XX (= 10 years after full payment) or I cancel for XX + 6 months?
I then stated in my notice: “Dear Sirs, with reference to 489 BGB notice, we grant the above mentioned loan volume 10 years after full payout (full payment XX.05.2003) and 6 months notice in the form of XX. 11. 2013 At the end of 2013, the loan will be repaid until November 20, 2013.
At the termination we ask for confirmation. “It would still be worth mentioning that the 30.11.2013 does not coincide exactly with the date for full payment + 10.5 months, but only to the end of the month (+ a few days) was postponed the 30th of November clearly referred to as the day of termination.
In the meantime, I have noticed that there is something like a notarial / judicial transfer of a termination. In the meantime, I have noticed that there is something like a notarial / judicial transfer of a termination. It’s not as expensive as you think, and then he dances to your tune because he knows you can not do anything with you.
Cancellation can be used 10 years after the full payment with a notice period of 6 months. Under termination then what date for termination is subject to termination? I cancel for XX (= 10 years after full payment) or I cancel for XX + 6. Month? At the end of the 10 years with a deadline of 6 years. So you have some time left to agree with the former house bank.