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Mortgage administrator | bojarski.net.pl

Mortgage administrator

P. Bojarski, K. Schmidt-KwieciƄska Law Office performs all duties of the mortgage administrator. It is a considerable facilitation for mortgage creditors (including entrepreneurs) to entrust the management of mortgage to well experienced law office. It has been established to compensate claims for several legal entities and at the same time it finances the same venture.

Mortgage administrator concludes contracts for establishing mortgage and performs other activities in scope of rights and obligation of a creditor. Detailed scope of his duties and liabilities are defined by creditors. Mortgage administrator acts on his own name but on behalf of creditors.

 

These activities include:

  • concluding contracts for establishing mortgage;
  • performing on own name rights and duties of mortgage creditors set out in the contract including:
  • claims compensation against real estate encumbered by mortgage,
  • acting against removal of real estate or its part, if the owner violates principles of good financial management until the property is occupied and also after that time if no violation is observed,
  • demanding from owners or third parties to discontinue all actions that could diminish value of property and endanger its mortgage,
  • setting out time limits for the owner diminishing real estate and mortgage safety. He is obliged to restore real estate to its initial condition or to establish additional security measures,
  • satisfying claims on encumbered real property after the deadline set
  • performing all actions that aim at removing mortgage from the Land and Mortgage register in case of its expiry
  • approving the transfer of mortgage to an empty mortgage spot

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