Mortgage registration cancellation: The price of peace of mind

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Cancellation of the mortgage registration is an essential and necessary step before starting to sell an apartment . Non-cancellation is the largest and most common handicap and impediment to closing a sale. So that this does not happen, we will tell you what registration cancellation is , what exactly it is for and what steps must be followed to carry it out correctly.

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What is mortgage registration cancellation?
The registration cancellation of the mortgage is a procedure that must be carried out so that our mortgage loan is considered paid before a notary. Although finishing paying the mortgage frees you from obligations with the bank, if it has not been paid it will Chinese Overseas America Number Data continue to appear with charges in the Property Registry. That is why it is so important not to forget to carry out this last step.

This small procedure can save us from many headaches when we want to sell an apartment or sign a new mortgage .
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What steps must be followed?
To obtain the mortgage registration cancellation , you will have to follow these steps:

Request the certificate of zero debt balances. This document, which you must request from the bank, certifies that your mortgage is paid off. It is given to you when you finish paying the last installment or when you pay off the mortgage early.
Obtain the cancellation deed . With the zero debt certificate in hand, you must go to a notary. This will be the one in charge of giving you the deed. Once we have it, a bank representative will have to sign it.
Fill out the Documented Legal Acts tax model. The third step to carry out has to do with the Treasury. In order to continue, you must fill out form 600 from the Tax Agency. However, this procedure is exempt from payment.
Excursion to the Property Registry. Once you have filled out form 600 and with the cancellation deed signed, you must deliver everything to the Property Registry and fill out the cargo lifting form.
Wait . As the saying goes, things in the palace go slowly. When everything is submitted, confirmation of cancellation may take more than two weeks, so don't despair. It will be the Registry itself who will be in charge of notifying you when everything is ready.



Infographic on Housfy mortgage registration cancellation.
How much do you have to pay for the mortgage registration cancellation?
The total cost of cancellation may vary depending on several aspects. What is certain is that by doing the procedures on your own you will pay much less than leaving it in the hands of the bank.