save thousands Euro: Withdrawal ends on June 21 – n-tv.de NEWS

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 Thursday, 18 February 2016

 
 
 

 
 In most real estate loan agreements, Order cancellation are flawed and can therefore be revoked by the borrower. enormous sums are for property owners to subsequently save. But time is running.
 

 
 

Owners of homes have to adjust to a change in the right of withdrawal in real estate loans. The reason is the revision of the law implementing the EU-homes Credit Directive, which was approved on Thursday the Bundestag.

Due to numerous erroneous Order cancellation at a construction loan, the date to unlimited Withdrawal at between 2002 and 2010 concluded mortgage contracts is limited in time , With the entry into force of the Law the deadline for the withdrawal 21 June 2016 is concerned are contracts in which it comes to loans amounting to some 1.6 trillion euros.

Thousands Euro Interest save

a Erlöschensregelung legal certainty for the parties is to be created. Affected borrowers could now even consider approximately four months (to 21 June 2016), whether the revocation in the then contracts had an error and then optionally make use of their right of withdrawal. Consumer advocates complain that a successful withdrawal needed more time to prepare. Whoever revoke, need a follow-up financing and that their work tedious fight in court with his old lender about the effectiveness of the cancellation. Under certain circumstances, the borrower must end lift a double mortgage.

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Because of erroneous Order cancellation can save thousands of euros Interest builders and home buyers, according to consumer advocates when they withdraw their credit agreements. Problematic are contracts that were completed between 2002 and 2010, because at that time no real clarity about a withdrawal form the government announced that.

Banks had in the teachings not often right about the beginning used many banks informed of the revocation period, or were missing crucial evidence, in particular on the legal consequences of cancellation. Partially were also additional formulations which are confusing and unintelligible for borrowers used. In addition, often called no addresses, even though a phone call for an effective revocation in writing is not enough.

Here a favorable legal expenses insurance, see

  Source: n-tv.de
 

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