Due to the full-scale invasion, many Ukrainians have found themselves without jobs and stable incomes.
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SubscribeBefore the arrival of the Russians, we could more or less make plans, and many invested their money in purchasing homes through mortgages.
Can property acquired through a loan during the war be seized? explained lawyer Vladislav Zaytsev from the AО "ARES."
The specialist clarified that during the period of martial law and for 30 days after its conclusion, there is a moratorium in Ukraine on the enforcement of claims against the real estate of individuals that is mortgaged under consumer loans.
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During the war, the following restrictions apply to banks:
- The creditor cannot acquire ownership of the debtor's real estate (i.e., forcibly take it).
- It is prohibited to sell the mortgaged property (i.e., the home acquired through a loan).
- Eviction of residents from residential buildings and premises mortgaged, for which there is a court decision on enforcement, is prohibited.
- It is forbidden to sell mortgaged housing at electronic auctions. (I.e., the bank cannot sell an apartment during the war).
"That is, the creditor cannot exercise their rights to acquire ownership of the mortgaged property, sell it to any other person, and realize it at electronic auctions," – the specialist reported.
However, the lawyer warned that these restrictions only apply to properties acquired under mortgage agreements before March 17, 2022.
If you purchased a home on credit during the war, creditors have the full right to reclaim it.