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Signing of Public
Deeds | Fifth
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Once the binding
contract is accepted, both parties shall sign the Public Title-Deeds.
To do so, certain documents are required: the owner's previous Title-Deeds
and the last Rates receipt.. Purchase and sale conditions should
also be stipulated.
Normally both the purchase and mortgage Deeds
are signed in the same act before the Notary Public. You should check
if the latter contains all statements agreed with the bank on the binding
contract.
It is advisable that the Notary Public also
checks that the information about ownership and land charges has not
changed since the first Registry extract was obtained.
Documents required for completion at the Notaries:
BUYING
PARTY
Personal identity/tax numbers
Marriage articles, if necessary
SELLING
PARTY
Personal identity /tax numbers
Previous Title-Deeds
Last Rates bill paid
Certificate, which certifies that all community
fees are up to date.
Most credit entities grant the loan at the
signing of the purchase Title-Deeds, so that you can complete payment
to the seller.
Under the Spanish law, the mortgage guarantee
only becomes effective as Title-Deeds have been lodged at the Land
Registry. Therefore, both the mortgage and purchase Deeds should be
inscribed at the Land Registry after taxes have been settled.
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