Mortgage contract

Mortgage contract (contract mortgage) – a mortgage that arises under the contract on mortgage (pledge of real estate). The contract of mortgage is not an independent obligation, as is the securing of obligations under the loan agreement, credit agreement or other obligation. Mortgage by virtue of the law differs from mortgage arising under contract, only the fact that the first occurs by direct reference in the law and is registered automatically with other Treaty even without the statements of the parties, and mortgage into force of the Treaty shall be registered under a separate statement of the parties. Because the mortgage into force of the law occurs when the target loan to purchase housing, when the registration of the mortgage, changing the owner of the property, and if to be more exact, such a mortgage occurs simultaneously with the acquisition of property by the borrower.