How to purchase mortgaged real estate?

Features of providing such a loan

The borrower can pledge the apartment or house he is buying, or the one he already owns . The main thing is that the loan amount does not exceed the value of the property for which the mortgage is issued.

When applying for a mortgage secured by real estate, you must:

• assess the value of real estate from a professional appraiser;
• insure the life and health of the mortgagor;
• insure the apartment against major risks (fire, flooding by neighbors, etc.).

When registering a mortgage, the property owner undertakes to keep the mortgage in order, periodically carry out routine repairs and, most importantly, insure the apartment annually. The lack of insurance for borrowers of Sberbank of the Russian Federation may result in a requirement to repay the entire amount of debt ahead of schedule, that is, early termination of the contract.

When taking out a mortgage, the apartment remains the property of the borrower. After repaying the mortgage loan, he has the right to remove the encumbrance from it (clear the registration entry about the mortgage in the Unified State Register of Real Estate). After paying off the registration entry, you can receive an extended extract from the register, which will reflect the fact that there is no encumbrance.

If a loan is taken out against existing real estate, the purchased apartment will be free of encumbrances. Such real estate can be disposed of at your own discretion and without approval from the bank.

Important! To apply for a mortgage, you will need to first assess the value of the property. The cost of appraiser services ranges from 2,500-10,000 rubles.

Mortgage programs of the Security Council of the Russian Federation

Sberbank is one of the leaders in mortgage lending in the Russian Federation. The bank offers a variety of programs for mortgage borrowers, including government support for young families, loans using maternity capital, and military mortgages. Non-targeted lending programs secured by existing real estate, which do not require a down payment, are also popular. You will find a detailed overview of Sberbank’s mortgage programs, interest rates, as well as information about their advantages and pitfalls in this article.

Basic conditions of a mortgage secured by existing real estate:

• loan term – up to 20 years;
• currency - ruble;
• loan amount – from 500 thousand to 10 million rubles (or up to 60% of the cost of the apartment being pledged);
• down payment – ​​from 0%;
• from 12% per annum.

The bank finances the purchase of finished and under construction housing, and not only apartments, but also country houses. Mortgages secured by existing real estate are provided for a period of up to 20 years and for a maximum amount of 10 million rubles. Any real estate is taken as collateral, including a plot of land without buildings, a garage and other objects. The loan amount can reach 70-80% of the value of the property.

A loan secured by existing real estate from Sberbank of the Russian Federation can be issued without a down payment. If you take out a mortgage for the apartment you are buying, you will need to pay at least 15% of its cost yourself. We talked in more detail about the features of the down payment on a mortgage in SB here.

What kind of housing is suitable as collateral?

Serious requirements are put forward for real estate that is pledged. This must be an apartment, house, or plot free of collateral or arrest that can be sold at any time. Apartments that are in the emergency fund, rooms in dormitories, office housing and other illiquid objects are not taken as collateral.

Banks are also wary of Khrushchev-era apartments, as well as houses built before 1950. If a land plot is pledged, then the purpose of the land must include individual housing construction. Banks practically do not accept wooden houses as collateral, especially if they are dilapidated. Garages (if they are officially registered) and land plots without buildings are considered as collateral.

About the procedure for selling mortgaged housing

Banks always do their best to accommodate their clients.

You take someone else’s for a while, but you give away yours forever. The idea is old, but every borrower rediscovers it for himself as soon as he begins to return money to the bank. When taking out a mortgage loan, you need to be able to plan your budget so that you can pay a certain amount every month and live normally on the remaining money. But, unfortunately, life circumstances develop differently, and not everything can be foreseen. There are times when a borrower, for one reason or another, stops making payments on the loan. What awaits the borrower and the collateral in this case? The cost of mortgage lending is high.

The trial is underway

If the borrower stops making payments on the loan, the apartment may be sold by court order or out of court. The last option is less common. It is possible if the borrower voluntarily agreed to sell his only home out of court after he had defaulted on the loan more than three times within 12 months.

Please note: the only real estate can also be sold out of court without the borrower’s consent, but only by court decision. There is an opinion that if minor children are registered in the apartment, then it will be impossible to evict the debtor. So this is not so. The mortgaged apartment is pledged to the bank. And if the borrower stops repaying the loan, the bank has the right to sell it to get its money back.

Some borrowers are often worried that the bank may demand early repayment of the entire mortgage loan at any time. It should be remembered that in order for the bank to demand early repayment of the loan, the borrower must make at least three delays within a year. Moreover, their size can be anything. Even very insignificant. It is enough not to pay one monthly payment in full, and not to repay the resulting debt over the next two months.

Before resolving the issue radically, the bank will notify the debtor of the problem, offer restructuring options, or offer to repay the debt ahead of schedule. Most often, borrowers do not have such money. Then the bank has no choice but to go to court.

The proceedings can last from two months to six months. The court makes a decision on the sale of the apartment and determines its initial sale price. The cost of housing can be set by agreement between the borrower and the bank. If it is not possible to reach an agreement, then the court is guided by the results of an independent assessment. In the latter case, the sale price will be 80% of the appraised value. That is, the apartment will be put up for auction with a 20% discount.

The auction is organized by the bailiff service. Trading is going up. The buyer is the one who offers the highest price for the apartment. In order for the auction to take place, at least two participants must take part in it.

If the collateral property is not sold at the first auction, then repeat auctions are held. They reduce the cost of the apartment by another 15%.

If no one buys the property anyway, then the auction organizer declares the auction invalid, and the bailiff invites the bank to keep the apartment. The bank accepts the collateral to repay the debt under the loan agreement, after which the documents (the act of transfer of the collateral, the bank’s consent to accept the property and the protocol on the results of the auction) are transferred to the state registration service. So the apartment turns out to be owned by the bank.

Last calculation

The sale of the apartment must repay the borrower's debt to the bank. The amount of debt is determined by the court. Usually it consists of the loan body (money issued by the bank), interest, penalties and legal costs.

The amount of debt can be determined as of the date of the decision. Then it will be recorded in the court decision. If the lender and the borrower have not terminated the loan agreement, then it will continue to be valid even after a court decision is made. This means that interest will continue to accrue until the apartment is sold and repaid from the cost of the principal debt. That is, the amount of debt will increase.

If there is more money left from the sale of the apartment than the amount of debt, the difference is returned to the borrower.

Someone else's apartment

The procedure for selling mortgaged real estate by court decision is lengthy. Usually it lasts for at least a year.

It should be remembered that all this time the borrower has the right to live in his apartment. No one has the right to evict him before the sale of his home.

It happens that the borrower has the opportunity to repay the debt during the trial. In this case, banks, as a rule, meet their clients halfway. Then the debtor pays off the arrears, and the apartment remains his property. Even if the court makes a decision to foreclose on the pledged property, the borrower has the opportunity to retain the pledged property by paying off all debt to the bank until it is sold at a public auction.

Your own realtor

As already mentioned, at auction the apartment is sold at a discount. Therefore, if possible, it is better if the borrower himself deals with the sale of the mortgaged apartment. So he can try to sell it at a higher price.

You can sell an apartment only with the consent of the bank. Lenders are unlikely to refuse this. They are interested in resolving the issue without trial. Banks issue permission for a certain period. For example, for three months. If the apartment is not sold within this period, the bank may extend it. But you need to understand that all this time the debt will grow. Therefore, the borrower needs to force the situation, and perhaps even make concessions to buyers by lowering the price.

Conclusion: mortgage payments need to be treated with extreme caution

Try to avoid delays. And if this happens, then try to repay them as quickly as possible and, of course, immediately inform the bank about problems with repaying the loan in order to find solutions in time and not bring the matter to court. As a rule, banks accommodate their borrowers and provide an opportunity to restore solvency: they provide so-called “payment holidays” and carry out loan restructuring. And, of course, you should not neglect insurance programs for mortgage lending - in the event of unforeseen life circumstances, the insurance company will pay off the loan debt under the insurance agreement.

Bank requirements for the borrower

To obtain a mortgage loan, you must have a good credit history and a stable official income. The borrower will need to provide a package of documents confirming his level of earnings, registration and family composition. Requirements for the borrower:

• age from 21 years;
• official place of work;
• citizenship of the Russian Federation;
• work experience of at least one year;
• family income is sufficient to repay loan payments;
• the presence of real estate on which a mortgage can be issued.

Requirements for real estate purchased with a mortgage:

• legal purity of title documents;
• the presence of all communications in the apartment, house;
• absence of illegal redevelopment;
• the age of the house is from 1950;
• absence of arrest, pledge, disputes about real estate with heirs.

The main requirement for the borrower: the size of his income. The total family budget should more than cover loan payments, insurance and bank commissions. If there is not enough money, the bank may offer the borrower to take a guarantor for the loan or provide additional collateral. It is also possible to refuse to provide a loan if the level of earnings is low and the real estate is illiquid.

The bank primarily evaluates the apartment that is taken as collateral from the point of view of liquidity. There should also be no forecasts of a fall in the price of this property in the appraiser's report.

You will find more information about the requirements for the borrower and real estate for a mortgage from Sberbank in a separate article.

Important! The borrower takes out a mortgage for a long term - up to 20-30 years. During this time, he will not be able to dispose of the property without the permission of the mortgage bank.

Profitable loans secured by real estate

How to get a loan secured by real estate?

Do you urgently need a large sum of money?

Do banks already refuse loans due to bad credit history?
The Unified Pledge Center will help you find a way out of a difficult situation on the most favorable terms! We will find you a credit institution where you will receive a loan secured by real estate without drawing up a purchase and sale agreement; the apartment or house remains your property - you receive money without any risk of losing your home.
We are not a financial organization; the Unified Collateral Center provides assistance in finding a lender who will issue you a loan secured by real estate on terms that suit you.

Attention!

If you have debts to an MFO, a loan secured by real estate will help you reduce the interest rate and pay it off safely.
You will need a minimum of documents to apply for a loan (from 2 to 5, depending on the terms of the loan), which you will receive within up to 3 days, secured by real estate, where, among other things, minor children are registered.

Important - the property remains your property!

Acting together with the Unified Collateral Center, you will receive a loan secured by real estate with a probability of up to 100% with any credit history. Money can be issued to your bank card or in cash in any city in Russia.

Completely free on our website you can:

• Calculate the approximate amount of interest on your loan - the final terms will be offered on an individual basis.
• Send a quick application for a loan secured by real estate - our manager will contact you within 40 minutes to clarify details
• Obtain templates of documents necessary to resolve the issue of debts to microfinance organizations.
• Find the most favorable conditions for a loan secured by real estate with absolutely any credit history.

Main

- your apartment (house or cottage) remains your property.
Our partners do not enter into a purchase and sale agreement
when applying for a loan secured by real estate. Under no circumstances (even if there is a situation of late payment of the loan and/or interest) will you be left without your corner. The conditions that we can offer you are completely safe and often much more favorable than those of many credit institutions.

We will help you get a loan of up to 30,000,000 rubles at 15% per year, the amount you can qualify for can reach up to 75% of the assessed value of your property for a period of up to 20 years. If you repay the loan early, you will not overpay a penny.

Conditions for obtaining a loan secured by real estate

We are ready to find you a lender under the following conditions:

• volume of borrowed funds from 250,000 to 30,000,000 rubles - up to 75% of the estimated value of an apartment, house, cottage or plot
• rate from 1.25 to 5% per month
• loan term up to 20 years with the possibility of early repayment of the loan

Requirements for the borrower

We are confident that we will find a credit institution that will give you a profitable loan if you:

• have Russian citizenship
• you are at least 18 years old and not more than 75 (at the time of loan repayment)
• real estate in your ownership

You do not need to collect income certificates, look for guarantors and confirm your employment; it is enough to confirm ownership of real estate and provide a passport of a citizen of the Russian Federation; you will need the following documents:

• Your passport
• document confirming ownership of property

Attention

- some credit organizations require the provision of other documents (for example, SNILS or an apartment privatization agreement), a complete list of necessary documents for obtaining a loan secured by real estate will be generated and provided on an individual basis.

Requirements for the collateral object (apartment, house, dacha, land plot)

When issuing a loan secured by real estate, certain requirements are also imposed on the collateral:

• the property must be yours
• the property must not have encumbrances (arrest, pledge, etc.)
• real estate must be liquid and not classified as dilapidated or dilapidated housing

Where to start applying for a loan secured by real estate?

You can send a quick application through the online form on our website, and our manager will call you back within 40 minutes, with his help you will begin to apply for a loan secured by an apartment, house, cottage or land plot.

You can fill out a loan application yourself, and then your application will be reviewed as quickly as possible, and loan approval will take no more than 72 hours.

Urgently need money for business or personal needs,

Don't banks give out loans anymore? Don’t despair - contact the Unified Collateral Center, and we will definitely help you get a loan secured by real estate quickly and profitably!

Procedure for obtaining a mortgage loan

The procedure for obtaining a mortgage loan in SB takes no more than 1-2 weeks.

1. First, you will need to fill out and submit an application for a loan to the bank, which will indicate the borrower’s income, the loan amount, as well as all other parameters of the future loan agreement. Read about whether you can apply for a mortgage in SB online and how to do it here.
2. The bank will assess the client's solvency, check his credit history and issue preliminary consent to issue a loan.

You will need:

1. Estimate the cost of the apartment.
2. Provide the bank with all documents to obtain a loan.
3. Sign the loan agreement.
4. Take out a mortgage, register a mortgage and insure the property.
5. Get a loan and buy an apartment.

The list of documents required to apply for a loan includes:

• certificate from work or 3-NDFL;
• documents of title to the apartment that is being pledged (sale and purchase agreement, donation agreement, certificate of ownership, etc.).

The borrower fills out a very detailed questionnaire, which indicates all his expenses and income, family composition, number of minor children, information about other loans and much more. Among the documents on the pledge there should also be a technical plan of the BTI and an extended extract from the Unified State Register of Real Estate.

How to properly issue a mortgage?

The Sberbank of the Russian Federation mortgage is an approved application form that must be filled out. It contains information about the owner of the property (mortgagor), as well as the collateral itself. The clauses of the mortgage are provided for by the Law “On Mortgage” (Article 14).

Items must be indicated in the mortgage:

• information about the pledgor (passport details, year of birth);
• details of the mortgagee (bank details);
• subject of the mortgage (location of the apartment, description, cadastral number);
• information about encumbrances;
• information about the mortgage amount and interest rate;
• monetary valuation of the subject of the mortgage;
• indication of the term for payment of the loan amount;
• information about the date of the mortgage and its number.

Registration of a mortgage is carried out simultaneously with the registration of ownership. To do this, the mortgage loan agreement, documents for the apartment and the mortgage are submitted to Rosreestr.

After registration, the mortgage remains with the bank. It is returned to the borrower only after the loan is repaid or in the event of an early sale of the property, for example, due to regular non-payments.

Important! If the mortgage does not comply with the loan agreement, according to the law, the contents of the mortgage are considered correct.

List of required documents

To apply for a mortgage you need:

1. passport of the mortgagor;
2. real estate valuation act;
3. extended extract from the Unified State Register of Real Estate;
4. BTI registration certificate;
5. title documents for the apartment;
6. spouse's consent to the transaction.

The original permission of the guardianship authorities to pledge real estate is also important if one of the owners of the apartment is a minor.

Usually the mortgage is signed before the loan is taken out, so a loan agreement can be added to these documents. For registration, documents defining the terms of the mortgage may be attached to the mortgage.

The mortgage registration period may take up to a month.

How much does the procedure cost?

The mortgage is issued free of charge. It does not require notarization and associated costs. Payment is required only in the form of a state duty, which is paid when registering a mortgage with Rosreestr. State duty amount:

• 1 thousand rubles for individuals;
• 4 thousand rubles for companies.

Additionally, you will need to obtain the notarized consent of the wife (husband) to draw up a pledge agreement, which costs from 1.5 thousand rubles.

Registration deadlines

The mortgage is issued quite quickly - in 1 day. It is usually signed on the day the loan agreement is signed. The mortgage must be submitted to Rosreestr simultaneously with the documents for registration of the sale and purchase.

Where is the paper stored?

The mortgage is kept in Sberbank of the Russian Federation. When registering, a copy is immediately made and remains in Rosreestr. The borrower may ask for a simple photocopy of the document.

The mortgage on the apartment is registered

Advice from lawyers:

1. As a seller of real estate (apartment), I am now concluding a purchase and sale agreement for an apartment. The buyer pays in installments: 70% of the amount before signing the contract, 30% at the expense of maternity capital after the transfer of ownership. The agreement will be registered with the MFC. If a phrase is added to the contract: the apartment is pledged to the Seller until the Buyer fully fulfills his obligations under the transaction. Will an encumbrance be automatically placed on her? What risks do I bear in this case?

1.1. Are you offering to pledge your apartments as collateral? This is something new. It doesn't happen that way. Since the transaction is with maternity capital, the purchase and sale agreement will be drawn up by a notary. Since last year, you can pay for the transaction through the notary's deposit (escrow agreement), in which you will write down all the conditions, including the full fulfillment by the buyer of his obligations.

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2. Is an apartment pledge agreement concluded between individuals considered valid if it is not registered in the Russian Register?

2.1. Is an apartment pledge agreement concluded between individuals considered valid if it is not registered in the Russian Register? Considered valid.

Did the answer help you?YesNo

2.2. A contract of pledge (encumbrance) of real estate is subject to registration in Rosreestr in accordance with the Federal Law of the Russian Federation “On mortgage (pledge of real estate)”. Consequently, your agreement has not entered into legal force, because it comes into force only after registration.

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3. The apartment landlord refuses to return the deposit, justifying this by the fact that the rental agreement contains a clause: In case of early termination of the contract, the deposit is not returned. The contract was concluded for 11 months and was not registered.

3.1. Hello. The contract needs to be studied...

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4. Instead of collateral, the bank proposed a scheme: we conclude an apartment purchase and sale agreement with the bank, which is duly certified and registered. The contract will contain a clause according to which, if I return the borrowed amount to the bank, the purchase and sale agreement will be invalidated and the parties will return to their original position. Is everything legal?

4.1. No, this is an insignificant clause of the contract.

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4.2. Yes, if you sign the contract.

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4.3. No, it's illegal, don't sign. The contract will be considered fulfilled. There will be no grounds for invalidation (Article 166, 167 of the Civil Code)

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4.4. This is illegal, don't agree.

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5. Please tell me in which body the apartment pledge agreement between individuals is registered. persons and what law regulates this procedure?

5.1. In Rosreestr. Read the Law on Real Estate Registration. But you won’t be able to figure it out without special knowledge; it’s better to contact a lawyer.

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5.2. Hello. Registered with the Registration Chamber. Without registration, the encumbrance (pledge) will not have legal force.

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6. Is it necessary to register an apartment pledge agreement between individuals? If so, is it registered in Rosreestr at the location of the property? What document regulates this procedure? THANK YOU!

6.1. Registration of the pledge agreement is mandatory.

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6.2. Hello! Yes, a real estate pledge agreement is required to be registered; without this, it is invalid. Documents are submitted at the location of the property. Chapter 3 23 of the Civil Code of the Russian Federation, Law on Mortgage, Law on Registration of Real Estate and Transactions with It.

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7. I registered on the booking.COM website to rent out my apartment. The price per day was RUB 4,000. For 5 persons. They put pressure on me and force the site administration to let guests in for 3,000 rubles. Otherwise they threaten with a fine. Although I didn’t take a deposit. Help.

7.1. The site administration has no right to fine anyone; it is not an administrative body. The maximum sanction in the Internet space is blocking of the profile.

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8. How to buy an apartment that is pledged to the Bank without risk? The seller offers, under the preliminary purchase and sale agreement, to transfer the amount of actual debt under the Loan Agreement. Next, he removes the encumbrance and a purchase and sale agreement is concluded, which is registered in Rosreestr and a change of owner occurs.

8.1. Good afternoon Buy on reassignment and that's it. I do not advise you to get involved with preliminary agreements. Good luck, if necessary, please contact me in a personal message, I will be happy to answer additional questions.

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9. We want to buy an apartment in a new building. The equity participation agreement was drawn up with obvious violations of Federal Law-214, the Housing Code of the Russian Federation, although it must be registered with the Registration Chamber. Services are imposed, etc. The developer refuses to bring the contract into compliance with the legislation of the Russian Federation. Doesn't want to return the deposit in full. Please advise how to proceed. Thanks in advance. Alexander.

9.1. Hello. Go to court.

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9.2. You can recover paid funds in court, as well as interest on the use of other people's funds and legal expenses. services. You must first submit a written claim. The prospects and conditions for conducting the case are discussed personally at the reception while studying all the documents. Contact us.

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10. I am an employer. Rent an apartment. An agreement was signed with the landlord. The agreement is unstamped and has not been registered anywhere. (but from the agency) only signatures on both sides. The contract says to notify the landlord about moving out 30 days in advance, but I warned later (circumstances). So the landlord does not want to return the deposit for the apartment. The question is how can I get the deposit back, is such an agreement valid and can I turn the landlord over for not paying taxes for renting out the apartment.

10.1. You can “surrender”, it is your right. As for the return of the deposit, they won’t answer you without studying the text of the contract.

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11. I took out a loan secured by the apartment of my then common-law husband. The day after taking out the loan, we register with the registry office and buy a car. I have been paying for 2.5 years (the loan was taken out for 5). Then he quits his job and has not worked for 2 years. The divorce process is currently underway. How can I refuse to repay my loan? The car is registered to him.

11.1. There are many ways. You need to file a claim in court. However, the most complete and detailed answer in this situation can only be obtained by paying for a written opinion from a lawyer, since the answer can be prepared by lawyers only after a thorough study of the documents and will take a significant amount of time. To obtain a conclusion, you can contact our center.

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12. I’m going to buy an apartment and I’m checking the legal purity myself. So, please tell me, is the pledge of property registered with any official bodies?

12.1. Encumbrances on the apartment in the form of collateral are registered in the registration chamber at the location of the apartment. Sincerely,

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13. The Non-Profit Partnership sells apartments under sales and purchase agreements to its Partners with payment in installments over several years. A pledge arises by force of law. The Partner and family members are registered in this apartment, when the Partnership forecloses on the mortgaged apartment, if the Partner stops paying the installment payments, is it possible to evict them by court? What is the procedure and where can I find judicial practice on mortgages? Lawyer at NP “Apartment on Credit”. Thank you.

13.1. Dear Alla! When resolving the issue of eviction, I recommend that you pay attention to Art. 446 of the Civil Procedure Code, which lists the property on which foreclosure cannot be imposed. Sincerely, Demidova N.G.

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14. How and where is a real estate pledge agreement (mortgage) concluded? What requirements are imposed on the apartment (should it be legally free?) What amount do notaries usually charge for certifying such agreements and in which particular justice institution is the mortgage registered?

14.1. The agreement is in notarial form and state registration in Rosregistration. Notaries charge a percentage of the cost of the apartment. Article 10. Notarization and state registration of a mortgage agreement 1. A mortgage agreement must be notarized and subject to state registration. An agreement that does not contain any data specified in Article 9 of this Federal Law, or violates the rules of paragraph 4 of Article 13 of this Federal Law, is not subject to notarization and state registration as a mortgage agreement. Failure to comply with the rules on notarization and state registration of a mortgage agreement entails its invalidity. Such an agreement is considered void. 2. The mortgage agreement is considered concluded and comes into force from the moment of its state registration. 3. When including a mortgage agreement in a loan or other agreement containing an obligation secured by a mortgage, the requirements established for a mortgage agreement must be met with regard to the form and state registration of this agreement. 4. If the mortgage agreement states that the rights of the mortgagee in accordance with Article 13 of this Federal Law are certified by the mortgage, the mortgage is submitted to the notary along with such an agreement. The notary makes a note on the mortgage about the time and place of notarization of the mortgage agreement, numbers and seals the sheets of the mortgage in accordance with part two of paragraph 3 of Article 14 of this Federal Law.

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How to collect a mortgage after paying off the debt?

After repaying the loan, you can pick up the mortgage from Sberbank of the Russian Federation. The deadline for repayment of the mortgage is usually set within a month. If the mortgagee sold the mortgage to another bank, then it will have to be taken back from the legal successor.

Conditions for receiving

There is only one condition for repayment of the mortgage: full repayment of the loan. It can happen strictly within the terms specified in the contract or ahead of schedule. The presence of a mortgage with the bank or the absence of a note on it about the repayment of the loan indicates, unless otherwise proven, that this obligation has not been fulfilled (according to Article 17 of the Law “On Mortgage”).

How to get a document if the bank does not give it back?

If the bank does not release the mortgage after repaying the loan, the mortgagor has the right to go to court.

If this happened due to the loss of the document, then the creditor is obliged to issue a duplicate and the bank has no right to refuse the client. Before going to court, you can submit a written statement to the head of the branch or write a complaint to the Bank of Russia.

Without a mortgage, it will be impossible to get rid of the encumbrance, so it is very important to get the bank to return the document. Upon fulfillment of the obligation, the creditor bank is obliged to immediately transfer the mortgage to the mortgagor with a note indicating that the obligation has been fulfilled in full. Next, Rosreestr cancels the mortgage by placing a “repaid” stamp on the front side.