How can I sell my shareholding house?

How can I sell my Contribution Share house? by Admin May 21, 2020

Contents

How can I sell my shareholding house?

All shares of the shared real estate can be sold together. Shareholders must make a joint decision on the sale of the real estate and be present at the deed for sale. Deed transfer can also be accomplished by giving a power of attorney to a lawyer representing all shareholders.

How is the joint deed sold?

Joint deed sale. If he wishes, a lawsuit can be filed and the court can sell the real estate. However, if the share is sold to a third party, other stakeholders have the right to buy first.

Can the shareholding house be sold through foreclosure?

The sale of a share deed by execution means the application of different rules. In fact, other shareholders have a pre-emptive right in the sale of real estate with shares. Such a pre-purchase rule does not apply if the sale is made only through execution. Those who want can buy this real estate share.

What happens if the share is foreclosed?

With the implementation of the foreclosure process, only the share of the debtor shareholder is put up for sale. The property is not sold as a whole. The sale is made in proportion to the share. With this sale, other shareholders are not likely to be harmed in any way.

Is a lien placed on the shareholding house?

As a lien can be placed on a real estate for any definite debt, a lien can be placed on any shareholder's share in real estate with shares. If the debt is not paid, the said share is put up for sale and sold through tender. There is no legal obstacle to the application of the lien on the title deeds of the real estate owned by the citizens due to their debts. For the debt of the shareholder, upon the request of the enforcement offices, the title deeds of these real estates can be seized.

Many banks do not accept the showing of a share deed as a loan guarantee. The reason for this is that the shared title deed belongs to more than one person. In the loan to be withdrawn from the bank, the title deed to be shown as collateral must belong entirely to the person.

Does Ziraat Bank give credit to the title deed with shares?

The majority of banks give credit with the title deed with shares. Among these, Vakıfbank, Denizbank and Ziraat Bank stand out with their favorable loan terms. Ziraat Bank provides loans with maturity options between 36 months and 60 months within the scope of the loan with title deed campaign.

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