Mortgage
We want you to stay up to date! Here you may consult everything you need to know about mortgages before requesting it from the Third Notary of Montería.
What is a mortgage?
This process is done when a person or financial entity is loaned a sum of money, and this ensures the payment by placing the property or asset as a guarantee. Mortgages are always done via a public deed.
Requirements
- National ID cards of the debtor and creditor.
- If one of the parties is a legal person, it is necessary to have a certificate of existence and legal representation.
- Copy of the public deed.
- A letter that approves the credit, if the creditor is a financial entity.
- Certificates of good standing for property valuation and taxes.
- Certificate of tradition and freedom and a copy of a public deed that demonstrates that the person with the mortgage is the property owner.
- This may be constituted via a power of attorney (consult with the notary).
Frequently Asked Questions
What types of mortgages are there?
There are two types of mortgages: A closed one, which guarantees the payment of a specific debt with invariable conditions and there is also an open one, which covers various debts and its value can change.