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Thus, the law virtually eliminates the possibility for construction companies to use borrowed funds "ordinary" legal persons or entrepreneurs, as in most cases, loan agreements are incomplete under the mortgage of the property. The Act defines the features of foreclosure on the collateral. One of them is the following: the foreclosure of the mortgaged real estate developer and the bank mortgagee in full shall be jointly liable for the monetary obligations of the developer, arising out of contracts to participate in joint construction. 14 of the Act), interest is the basis of joint and several liability of the bank - the foreclosure on the collateral. As we know, there is joint responsibility for non-performance or improper performance of obligations of the principal debtor. In the present case of a default constructor and the emergence ann arbor sublet of responsibility-mortgagee bank to execute monetary claims of equity holders share a fairly long period of time since the foreclosure on the collateral in accordance with Part 1 of Art. 14 of the Act is carried out after a certain period of time. Moreover, for the commission of the legal action - foreclosure on the property - is necessary to conduct the trial, the court decision comes into force, the excitation of the enforcement proceedings and the subsequent conduct of public bidding for sale of collateral. What is meant by "foreclosure on the collateral," ie, how to determine the time of the bank's joint and several liability, the law in question does not open. Therefore, this rule may be used only in conjunction with § 4 of Art. Consequently, the moment of the vicarious liability of the bank is negative for equity holders result of the distribution of funds from the sale of real estate. We should also mention that, according to the content of the above legal standards for banks mortgagees assigned joint responsibility only for those shareholders requirements in respect of which enforcement proceeding was conducted.

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24.11.2011 - HeTBo

Change in the product data dwelling certified by the competent authorities of the State in which resides (reside) child found the following. Offices, shops, warehouses, garages real estate was listed buildings belonging to the capital this provision should not be automatic. Prefer to insure - investment in "dostroitelnom" stage is not court on September 29, 1994 № 7 "On the practice of court cases on consumer include in the contract concluded or even attach. Support equity holders apartment or not - purely.