Ingatlanjelzálog

Ingatlanjelzálog, often translated as mortgage or real estate lien, is a legal security interest granted by a property owner to a lender. It serves as collateral for a loan, typically taken out to purchase or refinance real estate. In essence, the property itself stands as a guarantee for the repayment of the debt.

When a property owner takes out a mortgage, they grant the lender a lien on their property. This lien allows the lender to claim and sell the property if the borrower defaults on their loan obligations, such as missing payments. The proceeds from the sale are then used to satisfy the outstanding debt.

The terms of an ingatlanjelzálog are established in a mortgage agreement, which is a legally binding contract between the borrower and the lender. This agreement outlines the loan amount, interest rate, repayment schedule, and the rights and responsibilities of both parties. It is crucial for borrowers to fully understand these terms before entering into such an agreement.

Registering the ingatlanjelzálog is typically done through a public land registry. This public record provides notice to third parties that the property is subject to a lien, preventing the owner from selling or transferring the property without the lender's consent or satisfying the debt. The process of releasing the lien occurs once the loan is fully repaid.