In the crisis, banks are faced with massive default on loans and intentional evasion of the Borrower of its obligations. With many of them agree on the world and failed. Though not like bankers, and had to foreclose on the mortgaged property. As a result, financial institutions have amassed huge amount of such assets, much of which still lies dormant on their balance sheets. That and the cars and apartments and commercial property. Presumably, this is the year the bankers to complete removal of the bulk of these objects in the pledge. The fact that most of the litigation between banks and their borrowers, or already completed, or all of this goes. The winners in judicial duels, by and large, a bank, but the reason for their joy is not so much. As noted by the honorary president of the UK Jurimex Danil Getmantsev, any legal impediments to foreclosure on the collateral the banks do not. If desired financial institution may carry out such an operation in six to seven months. Also, there is no legal clues, preventing release of seized assets. However, in practice, to sell mortgaged property was not easy. Their mistakes in the pre-crisis risk management financiers recognize. "The crisis has shown that the approach to lending, in which the bank based primarily on the value of collateral and less taking into account the real possibilities of the borrower regarding repayment of the loan was fundamentally wrong", - says Vadim Berezovikov Acting chairman of the bank "Forum". Therefore, the massive program of mortgage lending, not taking into account the actual solvency of the borrower, the banks do not go, experts believe. However, already earned the problem is not going away. And if mortgage cars yet, after all, go under the hammer, the real estate situation APB. Buy her a fear of the fear of possible legal delays over ownership. "Difficulties with the sale of secured car is actually not, but the situation is worse with flats. And the question here is not even in the absence of demand and free money to potential buyers, and in a variety of "horror stories", which is surrounded by the purchase of collateral ", - experts explain OTP Bank. In part, these fears are not groundless - the legislative field is sufficiently loyal to the debtors. "Convince the buyer in the security of such transactions is not easy. Due to uneven variability and legislative framework of Ukraine, many would acquire bank deposits ", - confirms Sergey Chernenko, first deputy chairman of the First Ukrainian International Bank" (FUIB) on risk management. In connection with all this progress in the implementation of the bankers seized the property under a big question. Expose these assets for sale financial institutions have begun over two years ago, but has considerable hype around such objects are not observed. "Banks have not been able to achieve considerable success with respect to the sale of mortgages. The proposal is, however, demand for mortgages only beginning to emerge "- says Mr. Berezovikov. Not too much help to the bankers and the scheme for the assignment of credits. The main problem is that most of the collateral was purchased before the crisis of peak prices, and now to realize these objects under the same conditions is impossible. And the banks, of course, want to avoid losses or loss of profits. "If we consider the assignment of the loan, then this scheme is not popular today - as a rule, the cost of mortgages after the crisis considerably, and even at times less than the amount of debt on credit" - explains Alex Vuyko, director of the department for work with troubled assets of individuals VAB Bank. Nevertheless, seizure of property to put somewhere to be. Therefore, banks are beginning to provide loans for the purchase of the collateral. While such schemes on the market are rare. However, it is possible that by the end of the year offers to take credit for mortgage assets will be more. "With this mechanism, our bank expects to resolve the problem of implementing expensive mortgage facilities," - says Bogdan Kuznyak, head of enforcement, "Erste Bank". Although these loans are issued are likely to be a very limited list of items for sale that are difficult. But it is possible that credit conditions will be more attractive in comparison with those who were on the asset before the crisis. "Conditions for issuing such a loan match average market trends and are attractive to a buyer" - concludes Mr. Vuyko. Oleg Sorochan Source material: Economic news
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